"Record-High CD Rates and New High-Yield Options: Your Guide to Today's Top Money Market Accounts"

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Source: Investopedia
"Record-High CD Rates and New High-Yield Options: Your Guide to Today's Top Money Market Accounts"
Photo: Investopedia
TL;DR

CD rates in the U.S. are at their highest levels in over 16 years, with the top nationwide rates holding steady. Pelican State Credit Union offers the industry-leading rate of 5.90% APY on a 2-year certificate, while over two dozen other CDs are paying rates of 5.50% APY or better. The Federal Reserve's next meeting is in five weeks, and it remains uncertain whether interest rates will be raised or held steady. Longer-term options are available for those looking to secure rates of 5.00% or more. It is important to compare rates across different types of certificates before making a final decision.

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