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Here are some of the top earning CD rates for a range of term lengths. In an attempt to slow high inflation, the Federal Reserve has been continually raising interest rates since last year. In fact, at their latest meeting, the Fed decided to once again raise rates by a quarter of a percentage point. This is the 11th interest rate hike since March 2022 and brings the federal funds rate, a key overnight bank lending rate, to a target range of 5.25% to 5.5%, the highest it's been since 2001. Offic
Here are the top-yielding 3-year CDs — with some accounts paying up to 5.13%. By taking advantage of the generous APYs offered on top-yielding CD accounts, you could grow your savings with almost zero risk. Savings rates on CDs have been on the rise since last year, following the Federal Reserve’s effort to lower inflation through several interest rate hikes. And as interest rates have risen, many banks have begun offering even more competitive yields on savings accounts. At their most recent me