No-Penalty CDs Offer High Rates Amid Rising Interest Environment

Experts suggest now is a good time to lock in rates as they are not expected to increase in 2024.

CD rates have significantly increased compared to a few years ago, with no-penalty CDs offering some of the highest rates.
Technology Credit Union's 5-month CD offers one of the highest APYs at 5.36% with a minimum deposit requirement of just $1.
Mission Valley Bank's 3-month CD offers a high rate of 5.35% APY with no early withdrawal penalties and a minimum deposit requirement of $1.
Climate First Bank's 6-month CD offers a 5.34% APY with a minimum deposit of $500, and also offers a 9-month no-penalty CD with a 4.69% APY and a 1-year no-penalty CD with a 5.00% APY.
Experts do not expect CD rates to increase in 2024, making now a good time to lock in a rate.