:max_bytes(150000):strip_icc()/HinterhausProductions-02ccb6b4f07f4d3d81f02916b797ee33.jpg "Record Rate of 6%—Or More Being Offered by 9 CDs")
This year has already been extraordinary for CD shoppers. But for anyone still in the market for a great rate, August has been exceptionally fruitful. As of yesterday, you can earn as much as 6.00% APY on a nationally available CD.
Not only that but if you live in one of eight lucky regions of the U.S., you have additional options to earn up to a whopping 6.17% APY.
This is all thanks to the Federal Reserve’s historic fight against inflation, which it has been battling with interest rate hikes since March 2022. Since then, the central bank has raised its benchmark rate 5.25%, raising it to its highest level since 2001. As a result, the best CD rates have soared.
This 6.00% CD Leader Is Available to Anyone Nationwide
As we reported yesterday, the first nationally available CD to offer at least 6.00% APY came on the market yesterday. Offered by American 1 Credit Union, this leading nationwide certificate is available for a 12-month term with a $1,000 minimum…
2023-08-31 16:04:27
Original from www.investopedia.com
rnrn
