Reported 4 months ago
Recent Federal Reserve rate hikes have led to high certificate of deposit (CD) interest rates, with the best offers currently around 5.00% APY for shorter terms and about 4% to 4.5% APY for longer terms of two years or more. CD rates vary among financial institutions, so it's crucial to compare offers. Different types of CDs like bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs can provide varying benefits beyond just interest rates.
Source: YAHOO