Last Chance for High CD Rates
Update: 2025-12-27
Description
The Federal Reserves recent rate cuts present a prime opportunity to secure high CD rates before they drop further. Top rates currently sit at 4.1% APY, offered by Sallie Mae Bank and Synchrony Bank. Online banks and credit unions lead with the best deals, especially on shorter terms. Promotional CDs can reach up to 4.75% APY for limited times. CDs offer safe, guaranteed returns better than regular savings accounts. For instance, a $1,000 one-year CD at 4% APY earns $40 in interest, growing to $1,040. Bump-up CDs, no-penalty versions, and jumbo CDs provide additional options. Shop around for the highest rate and consider your timeline before rates ease further in 2026.
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