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Nation-Leading CD Rates Dip Slightly as Fed Rate Cuts Loom
Nation-Leading CD Rates Dip Slightly as Fed Rate Cuts Loom
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BTCCSquare news:
NASA Federal Credit Union now offers the nation's top certificate of deposit at 4.59% APY for a 9-month term, narrowly missing the 4.60% rate available last week on longer 19-month terms. Fourteen CDs currently yield above 4.50%, including PenAir Credit Union's 21-month product locking rates until 2027.
Short-term CDs saw modest gains, with TotalBank's 3-month offering climbing to 4.41%. The market anticipates downward pressure on yields as the Federal Reserve prepares potential rate cuts this autumn. Savers face narrowing windows to secure today's most competitive rates before the expected decline.
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