Maximizing Your Savings: Top CD Rates and Risk Considerations.
TL;DR Summary
The top CD rate remains at 5.50% APY, but only for 9 and 15-month terms. There are still over 11 other CDs offering at least 5.25% APY. CD rates often follow the federal funds rate, and the Fed may pause further rate hikes at its June meeting. If there's no rate hike in June, we could see the CD rate heyday start to end.
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