tldrdailynews.com logo

Comparing CD and Savings Account Rates: October 2023 Update

1 min read
Source: Investopedia
Comparing CD and Savings Account Rates: October 2023 Update
Photo: Investopedia
TL;DR

Banks and credit unions have maintained steady CD rates ahead of the holiday weekend, offering record-high returns ranging from 5.75% to 6.00% APY. Credit Human leads with a customer-friendly CD rate of 6.00% APY for terms between 12 and 17 months. The Federal Reserve's recent rate hold suggests a pause to assess the impact of previous hikes, but further rate increases are still possible. CD rates are expected to rise if the Fed decides to increase rates again.

Topics:businessfinance#banking#cd-rates#credit-unions#federal-reserve#finance#interest-rates
Share this article
  1. Top CD Rates Today: A Dozen Leading CDs Offer Returns of 5.75% to 6.00%  Investopedia
  2. Historical CD Rates: 1965 to 2023  Business Insider
  3. Best Student Savings Accounts October 2023 – Forbes Advisor  Forbes
  4. Top savings account rates today: October 6, 2023  USA TODAY
  5. Savings Account and CD Rates Today | New 16 Month No Penalty CD Comes to Market  Business Insider

Want the full story? Read the original reporting

Read on Investopedia