"30 High-Yield CDs to Consider for August 2023"

The number of certificates of deposit (CDs) paying at least 5.50% APY has reached 30, up from 15 at the start of August. These CDs are available nationwide and offered by federally insured institutions. The rising CD rates are a result of the Federal Reserve's aggressive rate hikes to combat high inflation. It remains uncertain whether CD rates will continue to climb higher, as it depends on the Fed's future rate hike decisions.