April 3, 2023: Latest Rates for CDs, Money Market Accounts, and Savings Accounts.

The top CD rates for 1-year and 5-year terms have dropped, with the highest rate for any CD remaining at 5.50% APY for a 2-year term. Most of the top rates are offered by credit unions, with jumbo CD rates topping out at 5.25% on multiple terms. CD rates have risen dramatically throughout 2022 and 2023, but with the possibility of the Federal Reserve pausing rate hikes, we may see less movement or even rate drops. Locking in a good CD rate now could pay off in the future.