How to find the highest CD interest rate this June

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How to find the highest CD interest rate this June

There are multiple effective ways savers can find a high CD interest rate this June. porcorex/Getty Images News this week that the Federal Reserve would continue to keep high interest rates on pause …

There are multiple effective ways savers can find a high CD interest rate this June. porcorex/Getty Images News this week that the Federal Reserve would continue to keep high interest rates on pause wasn't the development millions of borrowers were hoping for, but it will maintain the status quo for savers. And that's been a profitable place to be in recent years with rates on certificates of deposit (CD) accounts , for example, rising as high as 6% or 7% for select savers. While those rate offers have since subsided, there are still multiple attractive options for savers right now. And with the Fed not scheduled to meet again until the end of July and elevated inflation likely to keep rates steady for the next few months, now can be a smart time for savers to thoroughly evaluate their CD rate offers. These savers won't need to rush to lock in a rate, as some did ahead of a pending Fed rate cut in 2024 and 2025. That said, high-rate CDs, as plentiful as they are right now, will require some tracking on behalf of savers. So, how can they find the highest CD interest rate possible this June? Below, we'll detail three ways they can do just that – and start earning more interest on their money right away. Start by seeing how much interest you could be earning with a CD account now . …

Original source: CBS News Top

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