BrioDirect : 5.25% APY for 12-month CDsįor new accounts with BrioDirect, a division of Webster Bank, a 12-month CD here can generate one of the best available rates today at 5.25% APY. If you have that kind of cash available to deposit, then this one might just be for you. The high rate attached to this CD from Finworth, a division of INSABANK, is only available with a minimum deposit of $50,000.
The following banks and credit unions offer CDs with rates well above 5% APY. For banks, this impact is significant: Because rising rates impact overall borrowing costs, banks typically alter their rates on CDs to attract new deposits and remain competitive.
The Fed raised interest rates repeatedly this year.
