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CD Rates Update: June 5, 2023 - Trends, Best Rates, and Minimum Deposits.

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Source: Investopedia
CD Rates Update: June 5, 2023 - Trends, Best Rates, and Minimum Deposits.
Photo: Investopedia
TL;DR Summary

Today's top CD rates for jumbo 6-month and 12-month CDs rose to 5.46% and 5.52% APY, respectively. The best rate you can earn on any nationwide CD remains 5.65% APY for a 9-month term. The Federal Reserve will announce its next rate decision next week, and if it implements another rate hike, CD rates could climb higher. However, a pause is more widely expected, which could cause CD rates to plateau.

Topics:business#cd-rates#federal-reserve#finance#interest-rates#jumbo-cds#savings
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