“Top-Paying CD Rate Drops, but New Contender Emerges with Same Rate on Shorter Term”

In today’s uncertain economy, people are constantly searching for ways to make their money work for them. One popular investment option is a certificate of deposit, or CD. CDs offer investors a predictable return on their investment, making them a low-risk choice for those looking to grow their savings. However, with so many banks and credit unions offering CDs, it can be tough to know which offer the best rates. That’s why we’ve put together a list of the top CD rates available as of April 7th, to help you make informed decisions about where to invest your money.


After maintaining its top spot for more than a month, the leading nationwide CD has reduced its rate. However, a new competitor has entered the market with the same top rate, albeit for a slightly shorter term. Hyperion Bank now offers the highest CD rate of 5.50% APY on a 19-month certificate, with Newtek Bank joining the leaderboard at 5.00% APY on a 3-month certificate. The landscape for CD rates has also seen other improvements, with four more CDs offering at least 5.25% APY available today. While the 2-year and 3-year terms saw a slight decline, Credit Human offered a rate of 5.35% APY, co-leading the 2-year term with Langley Federal Credit Union. On the other hand, Hyperion Bank offers a special 19-month promotional certificate with a rate of 5.50% APY. Uncertainty surrounds the rate moves by the Federal Reserve, and thus, it may be wise to secure attractive CD rates soon for future enjoyment, regardless of Fed decisions.


In conclusion, if you are looking for a safe and reliable investment opportunity, high-yield CDs could be the answer. The top CD rates for April 7th offer competitive yields that beat the national average. However, it’s important to do your research to ensure that you are getting the best possible rate for your investment. By keeping an eye on interest rates and comparing offers from different banks, you may be able to maximize your returns even further. With careful planning and a little bit of patience, you can enjoy the benefits of investing in high-yield CDs and watch your money grow over time.