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How to find the highest CD interest rate this June
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TL;DR
- High CD interest rates are available in June, with potential returns that remain competitive due to the Federal Reserve's pause on interest rate changes.
- Long-term CDs (18 months or longer) generally offer higher interest rates than short-term CDs (under a year).
- Online banks typically offer higher CD rates than local banks due to lower overhead costs.
- Online marketplaces can simplify the process of comparing CD rates from various lenders.
- Savers should prioritize securing the highest available rate, as CD funds are inaccessible for the duration of the term.