In February 2024, top CD rates offer up to 5.5% APY, with short-term CDs outperforming long-term ones due to volatile interest rates.

Volatile interest rates have led to high returns on savings accounts and certificates of deposit (CDs) in recent years. To maximize interest earnings before potential rate decreases, savers should consider three smart CD moves before March: shop around for lenders offering high APY accounts with no fees, understand CD options like short-term and long-term maturities, and get started on opening a CD account. As of February 22, 2024, top CD rates offer APYs up to 5.5%, with short-term CDs currently outperforming long-term ones.

February 22, 2024
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