"Maximizing Your Savings: Navigating the Best CD Rates in 2024"
Originally Published 1 year ago — by CBS News
In the current high-rate environment, short-term CDs are offering competitive rates, with 9-month CDs being particularly attractive. Several financial institutions are offering 9-month CD rates of up to 6.09% APY, with varying minimum deposit requirements and early withdrawal penalties. These short-term CDs can help savers achieve their financial goals and maximize interest returns, but it's important to ensure that the chosen account aligns with individual needs and requirements.