"December 2023's Highest-Paying CDs: Up to 6.5% APY and Where to Find Them"

Certificates of deposit (CDs) are offering high rates of return, with at least 8 CDs currently paying 6% or higher annual percentage yield (APY). The rise in rates can be attributed to high inflation and actions taken by the Federal Reserve to curb consumer prices. Financial institutions are seeking to attract savings as individuals become more aware of the opportunity for higher yields. However, it is important to read the fine print before opening an account, as early withdrawal penalties may apply. For those looking for liquidity, high-yield savings accounts and money market accounts are alternative options. Here are some of the best CD rates for December 2023, including Financial Partners Credit Union (6.50% APY), Bayer Heritage Federal Credit Union (6.18% APY), Northeastern Connecticut Healthcare Credit Union (6.17% APY), Empower Federal Credit Union (6.00% APY), and Travis Credit Union (6.00% APY).