With the target federal funds rate at highs we haven’t seen in decades, there are plenty of banks offering high interest rates on their savings and certificate of deposits. If you’re a retiree looking to get more interest on your savings or just looking to park some of your cash somewhere save and FDIC insured, a certificate of deposit is a fantastic way to do it. Have certificates of deposit reached 7% yet? Table of Contents Are There 7%+ CD Rates Today? There Is A 7% Rewards Checking Account Best Nationally Available CD Rates Barclays – 5.50% APY Raisin – 5.40% APY Quontic Bank – 5.30% APY Will We Ever See 7% APY CDs? Are There 7%+ CD Rates Today? As of October 25, 2023, there are no certificates of deposit yielding more than 7%. For several weeks, Alpena Alcona Area Credit Union, a relatively small credit union located in Michigan, offered a 7-month CD with a 7.19% APY. This offer has ended though and their highest rates are only 5%. There are several credit uni
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