MutualOne Bank Reclaims Top Spot with 5.65% APY on 3-Month CDs

As CD rates continue to offer strong returns against inflation, MutualOne Bank leads with a competitive short-term rate.

MutualOne Bank returns to the top of national CD rankings with a 5.65% APY on its 3-month certificate, pushing Northern Bank Direct to second place.
Despite a stable federal funds rate, CD rates remain near historic highs, providing savers with lucrative short-term investment opportunities.
Financial experts suggest locking in rates soon as the Federal Reserve maintains a cautious approach towards rate cuts amid fluctuating inflation.
Investors are advised to consider both standard and jumbo CDs, as they offer competitive returns across various terms.
CD rates provide a safe investment alternative to the stock market, especially in times of economic uncertainty and market volatility.