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Comparing CD Rates and Savings Account Interest Rates: August 18, 2023

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Source: Investopedia
Comparing CD Rates and Savings Account Interest Rates: August 18, 2023
Photo: Investopedia
TL;DR

There are currently 27 certificates of deposit (CDs) in the US market that offer a benchmark rate of 5.50% APY or higher. The highest rate available is 5.75% APY on a 1-year CD from MapleMark Bank. The rate leader for jumbo CDs in the 18-month term increased to 5.65% APY. The longest duration to lock in a rate of at least 5.00% is three years, with a rate of 5.13% APY. The Federal Reserve's next meeting in mid-September will determine whether interest rates will be raised or held steady.

Topics:businessfinance#banking#cd-rates#certificates-of-deposit#federal-reserve#finance#interest-rates
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  1. Top CD Rates Today: More Than Two Dozen Options to Earn 5.50% or More  Investopedia
  2. CD Rates Today: August 18 -- Special 12-Month Certificate with 5.76% APY  GOBankingRates
  3. The 10 Highest Savings Accounts Interest Rates Today: August 18, 2023  The Motley Fool
  4. Should I Open a CD Now or Wait? Though Rates Could Go Higher, They Could Also Start to Drop.  Investopedia
  5. What Is the Average Interest Rates of Deposit Accounts?  GOBankingRates

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