"Record-High CD Rates: Are 10-Year Terms Worth the Investment?"

CD shoppers have the opportunity to earn record returns on certificates ranging from 3 months to 5 years, with the highest nationwide rate remaining at 5.75% APY. Two co-leaders, Andrews Federal Credit Union and Citizens State Bank, are offering that industry-leading rate. The Federal Reserve's recent rate hike may push CD rates higher, but the impact could be small as many banks and credit unions already raised their rates in advance. It is expected that CD rates will reach their peak when the Fed ends its rate-hike campaign.