Maximizing Your Savings with Top CD Rates in May 2023
TL;DR Summary
The top rate on a nationally available 3-month certificate climbed to 5.10% APY, up from 5.01% APY. The industry-leading rate on nationally available CDs remains 5.50% APY, offered on terms of 9, 15, and 17 months. Fifteen different CDs in our daily rankings pay at least 5.25% APY, a notable improvement from just eight at the start of last week. The Federal Reserve could end its rate hikes soon, meaning CD yields may be nearing a peak.
- Top CD Rates Today, May 16 Investopedia
- Today's top CD rate roundup: May 16, 2023 – USA TODAY Blueprint USA TODAY
- How to save with CDs Yahoo Finance
- U.S. Bank CD Rates: May 2023 Investopedia
- The Great Yield Chase: Why A Trillion Has Fled Traditional Bank Accounts Forbes
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