CD Valet: 93.9% of CD rate changes were increases; 5%+ offers rise to 75

CD Valet's Nov. 4 update finds CD rates still moving up across the 41,184 CDs it tracks, with more offers at 4.00% APY and 5.00% APY or higher.

In this brief: 4 sections 1 min read

- 93.9% of existing CD rate changes were increases as of Nov. 1. The share was 82.3% on Aug. 24, 84.1% on Sept. 21 and 93.3% on Oct. 13.
- Offers at 4.00% APY or more: 7,673, up from 6,566 on Oct. 13. Offers at 5.00% APY or more: 75, up from 51 in the prior update. Highest verified bank rate: 5.25% APY on a 60-month CD from Toyota Financial Savings Bank.
- Median across all terms: 3.30%. 6-month: 3.50%. 12-month: 3.35%. 24-month: 3.14%.
- The Fed held at 3.75%-4.00% in late October. CME FedWatch showed a 72% chance of a move to 4.00%-4.25% at the Dec. 8-9 meeting, per CD Valet.

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