"Maximizing Your Savings: The Latest on High-Yield CD Rates and Forecasts for 2023"
TL;DR Summary
The top CD rates in the US have increased, with 15 certificates now offering at least 5.25% APY, up from 12 yesterday. The highest rate remains 5.50% APY, available for 15, 17, and 9-month terms. However, the leading rate on a nationally available 3-year certificate has dropped from 4.90% to 4.85% APY. With the Federal Reserve signaling that its rate hikes may soon conclude, now is a good time to lock in a high CD rate.
- Top CD Rates Today, May 12 Investopedia
- These CDs have 5% APY (and higher) - and no fees CBS News
- Best CD Rates In Connecticut May 2023 – Forbes Advisor Forbes
- Plenty of CDs are paying 5% or more. Yet most Americans don't have one. Why? MarketWatch
- CD rate forecast: Will CD rates go up again in 2023? Fortune
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