"Unveiling the Highest-Paying CDs and Their Unexpected Benefits"

Opening a certificate of deposit (CD) is a low-risk strategy to boost savings, with higher interest rates than savings accounts. Here are eight of the highest-paying CDs on the market today: First Internet Bank of Indiana (5.48% APY for 1 year), Connexus Credit Union (5.36% APY for 1 year), CIBC Bank USA (5.36% APY for 1 year), Popular Direct (5.35% APY for 1 year), First Internet Bank of Indiana (5.33% APY for 6 months), Bank5 Connect (5.30% APY for 6 months), Bask Bank (5.25% APY for 6 months), and Popular Direct (5.25% APY for 6 months). These CDs have no monthly fees and are protected by federal deposit insurance.