CD Rates Hold Near Historic Highs Amid Fed Rate Speculations

MutualOne Bank leads with a 5.65% APY, as analysts predict potential rate cuts later this year.

MutualOne Bank offers the highest CD rate at 5.65% APY for a 3-month term, followed by Newtek Bank at 5.55% APY for 6 months.
CD rates are expected to begin falling faster if the Fed decides to cut rates, a move that could happen this year.
The top CD rates remain near historic highs, despite a gradual decrease since reaching a peak of 6.50% in October.
Federal Reserve's decision to maintain the fed funds rate aims to combat inflation, with potential rate cuts anticipated later in the year.
Investing in CDs now could be advantageous as rates are predicted to drop, offering a stable return compared to more volatile investments.