CD Rates Stabilize with Top Offers Up to 5.55% APY

After recent declines, CD rates have leveled, led by Newtek Bank's 6-month offer; experts advise locking in rates before anticipated Fed cuts.

After a period of decline, CD rates stabilized today, with top rates ranging from 4.60% to 5.55% APY, led by Newtek Bank's 6-month term offer.
Hughes Federal Credit Union offers the best jumbo CD rate at 5.65% APY for a 17-month term, requiring a minimum deposit of $99,000.
Despite recent drops, CD rates remain historically high, offering significant earning opportunities compared to the past 20 years.
The Federal Reserve's next meeting is expected to maintain current interest rates, but future rate cuts could lead to lower CD rates.
Financial experts advise locking in current CD rates soon, as they are likely to decrease following anticipated Federal Reserve rate cuts.