CD Rates Remain Sky-High with Leader Offering 6.5% APY
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The top CD rates remain extremely high, with the leader paying 6.50% APY on an 8-month CD (up to $5K deposit) and another offering 6% APY on 12-17 month terms.
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In total, 13 CDs are currently paying 5.75% APY or higher on various terms starting at just 6 months.
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Top rates for longer terms are also strong 5.60% APY for 2 years, 5.32% APY for 3 years. Jumbo CDs over $100K can earn even more.
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Regional banks in 5 states offer a competitive 6.25% APY CD.
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The Fed is expected to hold rates steady on Nov. 1 but may hike again in Dec/Jan as it remains committed to lowering inflation.
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