All articles tagged with #jumbo cds
Today's top CD rates for jumbo 6-month and 12-month CDs rose to 5.46% and 5.52% APY, respectively. The best rate you can earn on any nationwide CD remains 5.65% APY for a 9-month term. The Federal Reserve will announce its next rate decision next week, and if it implements another rate hike, CD rates could climb higher. However, a pause is more widely expected, which could cause CD rates to plateau.
The top rates for certificates of deposit (CDs) have remained steady, with the highest nationally-available CD rate remaining at 5.50% APY. Jumbo CD rates have seen some movement, with the best rate for a 3-month jumbo CD jumping from 4.35% to 5.01%. Despite the suggestion that a larger deposit should earn you a higher return, rates on jumbo certificates often pay less than standard CDs. CD rates generally mirror the trend of the federal funds rate, and with the Fed's aggressive federal funds rate hikes potentially winding down, it's a smart time to lock in one of the nation-leading rates in our CD rankings.
The top rates offered by banks for 6-month and 2-year CD categories rose to 5.10% and 5.13% APY, respectively, while the top bank 4-year and 5-year CD rates dropped to 4.55% and 4.50% APY, respectively. However, credit unions still offer higher rates, with Credit Human credit union offering the top rate of 5.50% APY on any CD term. Jumbo CD rates remain unchanged, with Finworth offering the top rate of 5.25% APY on 12-17 month certificates.