Top CD Rates Offer Opportunity to Lock In High Returns Before Fed Rate Cuts

With Federal Reserve interest rate cuts expected soon, savers are urged to secure competitive CD rates that may not last into 2025.

Nuvision Credit Union leads with an 8-month CD offering 5.50% APY, but deposits are capped at $5,000.
Apple Federal Credit Union and Alabama Credit Union offer 5.00% APY for 1-year and 7-month terms, respectively, with no maximum deposit restrictions.
Longer-term CDs, such as 18-month to 5-year options, provide rate guarantees in the 4.15%-4.50% range, securing returns through 2029.
The Federal Reserve is widely expected to cut interest rates further in December and 2025, likely causing CD and savings account rates to decline.
CDs remain attractive compared to savings accounts due to their guaranteed rates, which protect returns from potential future rate reductions.