"CD Rates Update: Leading Rates Drop, but Best Overall Holds Steady at 5.76%"
TL;DR Summary
The top rates for 3-year and 5-year CDs have fallen due to declining yields and the Federal Reserve's indication of no more interest rate hikes. However, CD shoppers can still find the industry-leading APY of 5.76% from TotalDirectBank for a 6-month term and Dow Credit Union for 13 months. The overall top rate for CDs has decreased to 5.76% from 5.88% APY last week. CD rates are expected to continue softening as the Federal Reserve discusses potential rate cuts.
- Top CDs Today: Two Leading Rates Fall, but the Best Overall Remains at 5.76% Investopedia
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- Could CD Yields Hit 7% in 2024? Yahoo Finance
- This CD is offering 6.5% — and 5 more certificates of deposit with APYs of 6% or higher MarketWatch
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