Top CD Rates Climb to 5.75% as Competition Heats Up Among Banks
-
A new 6-month CD from USAlliance Financial is offering the top nationwide rate of 5.75% APY with just a $500 minimum deposit.
-
The number of CDs paying 5.50% APY or more continues to climb, now at 57 nationally available offers.
-
Jumbo CD rates allow larger deposits to earn up to 5.85% APY on a 6-month CD.
-
Yesterday saw the end of the first 6.00% APY CD available since the Fed began raising rates.
-
The Fed is expected to hold rates steady at its September meeting, but may hike again in November or December.
![](https://www.investopedia.com/thmb/Jq5ebhJu0Z4WBeX4b2YKbZhTnbY=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/0913-908751f98e424ab2b3b0fcd6bd420444.png)