"June 9, 2023: Top CD Rates and Early Withdrawal Penalty Tips"

CD rates continue to rise ahead of the Federal Reserve's announcement next week. The top rate for a 1-year CD is now 5.50%, while the top rate for a 5-year CD is 4.95%. There are now 31 CDs paying at least 5.25% APY in daily rankings. The Fed is expected to hold rates where they are this time, which could mean CDs are at or near peak levels.