Navigating CD Rates in June 2023: Tips and Top Picks

The number of options in the daily ranking of the best CDs that pay at least 5.35% has increased to 15, up from 13 on Friday. The highest rate in any term is 5.65% APY, available for a 9-month term. The Federal Reserve has signaled that it's likely to raise rates later this year, which could push CD rates even higher than today's record levels. However, there is no guarantee on what moves the Fed will make, so it's possible that today's CDs are already at or near their peak rates.