Here’s a rephrased version of the provided content:
Not so long ago, the best CD rates were abysmally low due to historically low-interest rates. However, the financial landscape has shifted, and short-term CDs are now providing attractive returns for those looking for a secure, short-term investment.
So, just how much have these rates increased? Can one really get a 6% yield from a CD nowadays?
To give a comparison, one can effortlessly acquire a 3% APY or more from high-yield savings accounts, with inflation-adjusted bonds offering even more at 4.30% APY. But these rates can vary unpredictably. CDs provide the benefit of securing current top interest rates for a fixed duration.
Are 6% CD Rates Available Now?
Indeed, there are a few 6% CDs at the moment. But we’re not at a stage where numerous banks provide 6% CDs as a routine option. Banks and credit unions might occasionally run short promotional campaigns offering these rates to attract new customers before reverting to standard market rates.
A handful of credit unions currently provide CDs with APYs over 6%:
- Lewis Clark Credit Union – 11-month CD at 7.23% APY (no longer available)
- Alpena Alcona Area Credit Union – 7-month CD at 7.19% APY
… [List continues]
Meanwhile, CDs with around 5% APY are more accessible for the general public from federally-insured institutions.
⚠️ We strive to provide the latest rates. However, they can change rapidly, so please confirm the rates directly with the bank.
Top 5% CD Rates
Several banks are currently offering a handsome 5% return on CDs. Considering the safety of this investment, these rates are compelling.
Quontic Bank – 5.30% APY for a 12-month CD. Quontic Bank is an online bank with a mission to assist economically challenged communities.
… [More details about Quontic and other banks’ offers]
Prime 4% CD Rates
The available CD options widen when seeking yields of 4% or more.
Navy Federal Credit Union was an early adopter in offering 5% CDs, but the highest they offer now is 4.85% APY on a 12-month Special EasyStart Certificate, available only to specific members.
… [More details about other institutions]
Where to Find High CD Rates Easily
SaveBetter is an online platform that collaborates with federally-insured institutions to deliver competitive CD rates. You can manage CDs from different banks from one dashboard.
… [More details]
Barclays Bank focuses on online banking in the U.S. and boasts a minimum deposit of $0 for its term CDs, with rates starting at 5.00% APY.
Marcus by Goldman Sachs has a range of high-yield CDs, with the shortest term being 6 months and the longest being six years.
… [More details and offers from other banks]
Note: This is a summarized and rephrased version. Ensure that you always cross-check the current rates and details directly with the respective banks before making any decisions.
