"Maximizing Returns: Top CD Rates for February 2024"

The Federal Reserve's pause on rate hikes has led to banks and financial institutions offering high annual percentage yields (APYs) on certificates of deposit (CDs), particularly for 1-year CDs. Some of the best 1-year CD rates for February 2024 include Resource One Credit Union at 6.17% APY, Lafayette Federal Credit Union at 5.56% APY, and Salem Five at 5.55% APY. Locking in a 1-year CD now could provide some of the best rates available on interest-bearing accounts and guarantee returns for the full CD term.