Discover the best certificates of deposit with the highest APYs
- There are at least 8 CDs paying 6% or higher
- CDs with the best deposit rates promise an APY of at least 5.90%
- Rates have remained high due to high inflation and actions taken by the Federal Reserve
- Read the fine print before opening an account
- Consider high-yield savings accounts for more liquidity
- Here are the 10 best CDs rates of December 2023
Certificates of deposit (CDs) continue to offer high rates of return, with at least 8 CDs paying 6% or higher. In December 2023, the top CDs promise an annual percentage yield (APY) of at least 5.90%, well above the industry average. The high rates can be attributed to high inflation and actions taken by the Federal Reserve to curb consumer prices. However, it’s important to read the fine print before opening an account to understand any restrictions or penalties. For more liquidity, consider high-yield savings accounts. Here are the top 10 CDs with the highest APYs in December 2023:
Factuality Level: 7
Factuality Justification: The article provides information about the current CD rates and explains why they are high. It also includes details about specific financial institutions and their CD rates. However, the article does not provide any sources or data to support the claims made, and it does not provide a balanced perspective by including potential drawbacks or risks of investing in CDs.
Noise Level: 3
Noise Justification: The article provides information on the highest-yield CDs in December 2023 and discusses the reasons behind the high rates. It also offers advice on when to open an account and alternative forms of savings. However, the article lacks scientific rigor and intellectual honesty as it does not provide evidence or data to support its claims. It also does not explore the consequences of decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about high-yield certificates of deposit (CDs) and the rates offered by different financial institutions. It also discusses the actions taken by the Federal Reserve to curb inflation and the impact on savings products.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article primarily focuses on the high rates offered by CDs and the factors contributing to their increase. There is no mention of any extreme events or their impact.
Public Companies: Financial Partners Credit Union (), Bayer Heritage Federal Credit Union (), Northeastern Connecticut Healthcare Credit Union (), Empower Federal Credit Union (), Travis Credit Union (), Complex Community Credit Union (), Yolo Federal Credit Union (), City Credit Union (), Associated Credit Union (), Dexsta Federal Credit Union ()
Key People: Mark Hamrick (Bankrate Washington bureau chief), David Weinerman (Managing director at Weinerman Wealth Management)
www.marketwatch.com 
