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Top CD and Savings Rates Offer Exceptional Returns Amid Steady Fed Rates

Digital banks lead with high APYs, while the Federal Reserve holds rates steady for the seventh consecutive time.

  • Nuvision Credit Union offers a leading 6.00% APY on a 10-month CD, with a $5,000 deposit limit.
  • Top savings accounts from digital banks provide up to 5.36% APY, significantly higher than traditional banks.
  • The Federal Reserve maintained the federal funds rate at 5.25% to 5.50%, with potential rate cuts anticipated later this year.
  • Investors are advised to lock in current high rates as CD yields are expected to decline with future Fed rate cuts.
  • High-yield savings accounts and CDs from digital banks offer safe, insured returns with no fees and minimal restrictions.
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