The best CD yield from a national bank is The First National Bank of Litchfield with a 4.06% APY on a 12-month CD with a $1,000 minimum to earn the APY. The best local bank CD rate is Daniels-Sheridan Federal Credit Union, offering a 5.11% APY on a 12-month CD with a $500 minimum to earn the APY.

Everything Americans thought they knew about personal finance was upended when the Federal Reserve started aggressively hiking interest rates to cool post-pandemic inflation. After more than a decade of ultralow rates,

The Federal Reserve will meet later this month to make a decision on interest rates. But the latest inflation report is likely to make the central bank cautious about additional rate cuts.