CD Rates Remain High Despite Economic Uncertainty

With CD rates hovering around 5%, savers capitalize on favorable conditions as the Federal Reserve maintains current interest rates.

Northern Bank Direct leads with a 12-month CD offering 5.60% APY, the highest nationally available rate.
Inflation concerns persist as the latest Consumer Price Index indicates a rise, complicating future Federal Reserve decisions.
Short-term CDs offer competitive returns, with rates up to 5.40% APY on 12-month terms from digital banks.
Experts recommend CDs for savers seeking stable returns, especially given the unpredictable interest rate environment.
Federal Reserve's next policy decision expected on May 1, with potential implications for future CD rates.