economy
Where to find top CD yields in the second half as Fed policy remains murky
Banks are fine-tuning their approach toward deposits, with some trimming rates on high-yield savings accounts while others lift rates on CDs.
TL;DR
- Federal Reserve rate policy and savings yield outlook is uncertain for the second half of the year.
- Sticky inflation has increased the likelihood of a rate hike rather than cuts.
- Banks are adjusting deposit rates, with some increasing CD yields while trimming savings account rates.
- Several banks are offering annual percentage yields of 4% or higher on 1-year CDs and related maturities.