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.