"Is January the Perfect Moment to Secure a CD with Rates Over 5%?"

TL;DR Summary
While securing a 6% APY on a 1-year CD is currently challenging, banks like CIBC Bank USA and others are offering close rates, such as 5.66% and 5.55% APY. To maximize returns, it's recommended to compare options, consider online banks and credit unions, and use CD investment strategies like laddering or the CD bullet strategy. Short-term CDs may be more advantageous in the current interest rate environment, making CDs an attractive option for safe and strong returns despite not reaching the 6% APY mark.
- Can you earn 6% on a CD right now? CBS News
- Now May Be the Time to Lock In High Interest Rates on Your Savings The New York Times
- Why you should open a CD this January CBS News
- CD Rates Today: December 29, 2023—Take Home More Than 5.13% Forbes
- We're Starting to See CD Rates Slide. Is Now the Time to Lock in? Business Insider
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