Top CD Rates Hold Steady as Investors Seek Yield Ahead of Potential Fed Cuts

Savvy investors are rushing to lock in CD rates before expected Federal Reserve cuts erode yields. Genisys Credit Union leads the pack with a 4.60% APY for 19 months, effectively guaranteeing returns through early 2027. Sixteen institutions now offer certificates paying at least 4.50%, including NASA Federal's 4.59% 9-month CD and PenAir's 21-month term at 4.50%.

The rate race intensified last week with four new competitive offerings. DR Bank entered the fray at 4.51% for six months, while Vibrant Credit Union debuted dual 6-month and 13-month options at 4.50%. HUSTL Digital Credit Union rounds out the new entrants with a 12-month 4.50% product.

For longer-term investors, yields remain attractive though slightly depressed - certificates maturing in 2028 or later currently pay between 4.28% and 4.40%. Market watchers suggest the window for these elevated rates may soon close as the Fed's anticipated autumn rate cuts approach.