Best CD Rates for December 2023: Earn up to 5.75%

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Source: CBS News
Best CD Rates for December 2023: Earn up to 5.75%
Photo: CBS News
TL;DR Summary

Banks and credit unions are currently offering high interest rates on certificates of deposit (CDs), particularly for shorter-term options like 6-month CDs. Some of the top 6-month CD rates for December 2023 include West Town Bank & Trust (5.88% APY), TotalDirectBank (5.76% APY), and BluPeak Credit Union (5.75% APY). These fixed-rate CDs provide an opportunity to earn higher returns compared to regular savings accounts, but it's advisable to act quickly as future rate drops may limit such returns.

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