"High-Yield CDs: Lock in Rates of 5.75% or More for 2024"

Certificates of deposit (CDs) are offering rates of 5.75% or higher, providing a smart way to grow savings account balances. With the uncertainty of future interest rates, taking advantage of the current high-rate environment is recommended. Several CDs with rates of 5.75% or higher are available, including options from West Town Bank & Trust, TotalDirectBank, Limelight, BluPeak Credit Union, and INOVA Federal Credit Union. Factors to consider when choosing a CD include interest rate, term length, penalties for early withdrawal, financial goals, automatic renewal, minimum deposit requirement, FDIC or NCUA insurance, interest payment frequency, inflation protection, and the terms and conditions of the agreement.