"Unlocking the Benefits of High-Yield CDs: Why Americans are Missing Out"

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Source: CBS News
"Unlocking the Benefits of High-Yield CDs: Why Americans are Missing Out"
Photo: CBS News
TL;DR Summary

With interest rates high, now is a great time to grow your savings with a certificate of deposit (CD). Below are some of the CDs with the highest yields and no ongoing fees, including Bread Savings' 5.20% APY (1-year term), Bask Bank's 5.10% APY (6-month term), CIT Bank's 5.00% APY (6-month term), Citizens Access' 5.00% APY (1-year term), and Synchrony Bank's 5.00% APY (6-month term). All accounts are FDIC-insured and have early withdrawal penalties.

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