CD Rates Hold Near Historic Highs Amid Federal Reserve Signals

With the Fed hinting at possible rate cuts, now is seen as an opportune time to secure high CD rates.

The leading CD rate remains at 5.75% APY, offered by Andrews Federal Credit Union for a 6-month term.
A new top 1-year bank CD rate of 5.55% APY is now offered by Salem Five, closely followed by Lafayette Federal Credit Union's 5.56% APY.
Despite a slight decrease from October's peak of 6.50%, CD rates are still near historic highs, with 26 options nationwide offering rates of 5.50% or better.
The Federal Reserve has signaled it may cut rates later this year, making it an opportune time to secure a high CD rate.
Savings and CD rates are competitive, with online and lower-profile institutions typically offering the highest rates due to lower overhead costs.