"Exploring the Best Short-Term CD Rates for January 22, 2024"

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Source: CBS News
"Exploring the Best Short-Term CD Rates for January 22, 2024"
Photo: CBS News
TL;DR Summary

Short-term CDs are currently offering some of the highest interest rates among interest-bearing accounts, with fixed rates that protect against fluctuations. Some of the best short-term CDs to consider in January 2024 include options from Financial Partners Credit Union, Citizens State Bank, NASA Federal Credit Union, TotalDirectBank, and Forbright, offering APYs ranging from 5.50% to 6.50%. It's important to consider the minimum deposit requirements, early withdrawal penalties, and eligibility criteria before opening a CD to ensure it aligns with your financial goals.

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