Lock in top CD rates now before Fed's June 16-17 meeting shifts yields.

With the Federal Open Market Committee (FOMC) meeting scheduled for June 16-17, 2026, fixed-rate Certificate of Deposit (CD) yields could change rapidly. Investors are advised to open CDs now to lock in current high rates, which are near or above 4.00% APY, before potential rate cuts. Various banks offer competitive CD options with terms ranging from 3 months to 5 years, and FDIC insurance protects deposits up to $250,000. For those seeking flexibility, high-yield savings accounts with competitive rates and no withdrawal penalties are also recommended as alternatives.