"High CD Rates for December 2023: Lock in Now for Best Returns"

The leading 2-year CD rate has dropped from 5.60% to 5.50% APY, while the top nationwide CD rate remains at 5.88% APY for a 7-month term. A total of 9 offers in the daily ranking of the best CDs pay 5.75% APY or better. Jumbo CD rates also saw a slight decrease, with the leading rate dropping from 5.85% to 5.80% APY for an 18-month term. The Federal Reserve's decision to hold rates steady has created historically favorable conditions for CD shoppers, but it's uncertain whether the Fed will raise rates again. CD rates are likely to stabilize near their current levels.