"Lock in High APY Now: Top CD Rates Hold Strong in December 2023"

1 min read
Source: Investopedia
"Lock in High APY Now: Top CD Rates Hold Strong in December 2023"
Photo: Investopedia
TL;DR Summary

The leading 4-year CD rate has dropped from 5.20% to 5.13% APY, signaling a decline in longer-term CD rates. However, the overall top rate remains at 5.88% APY for a 7-month term. The Federal Reserve's future rate increases are uncertain, but CD rates are expected to plateau near their current levels unless the Fed raises rates again. Jumbo CD rates have also seen changes, with All In Credit Union offering the highest rate of 5.80% APY for an 18-month term.

Share this article

Reading Insights

Total Reads

0

Unique Readers

19

Time Saved

5 min

vs 6 min read

Condensed

93%

1,15380 words

Want the full story? Read the original article

Read on Investopedia