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"High-Yield CDs: A Smart Addition to Your Investment Portfolio"

1 min read
Source: Investopedia
TL;DR Summary

The top rate on a 1-year CD rose to 5.35% APY, while a new 4-year CD is now paying 5.00% APY, up from 4.85% APY. The most you can earn on any nationally available CD remains 5.65% APY, offered for 9 months. The Federal Reserve is expected to announce a pause in increases to the federal funds rate, which could cause CD rates to plateau or possibly even edge lower, making now a potentially good time to lock in a record rate.

Topics:business#banking#cd-rates#federal-reserve#finance#interest-rates#savings
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  1. Top CD Rates Today, June 7, 2023  Investopedia
  2. Short-Term CD Rates Soar Due To An Inverted Yield Curve  Forbes
  3. These Savings Accounts and CDs Are Offering 5% APY or More Right Now  CNET
  4. Are CDs, some of which now pay 5% or more, what’s missing from your portfolio?  MarketWatch
  5. Top CD Rates Today, June 6, 2023  Investopedia

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