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
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