April 13's Best CD Rates: A Roundup

CD rates of 5% or more are available in almost every term from 3 months to 5 years, except for the 4-year term. Hyperion Bank continues to offer the highest rate of 5.50% APY on a promotional 19-month certificate. The Federal Reserve's actions to combat inflation have pushed rates to heights not seen in years, with the expectation that rates will plateau at or slightly above the current level for the rest of 2023. It is a good time to lock in an attractive CD rate for months or years to come.