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Top 6-Month CD Rates in July 2023: Earn up to 5.33%

Looking for a short-term investment option that offers competitive returns? Consider a 6-month certificate of deposit (CD). These financial products allow you to earn interest on your money while keeping it safe and easily accessible. If you’re planning to invest in a 6-month CD in July 2023, here are some of the best rates to consider, with the potential to earn up to 5.33%.

1. Wells Fargo
Wells Fargo is known for its solid reputation and offers a competitive 6-month CD rate. As of July 2023, they are offering an annual percentage yield (APY) of 5.33%. This rate is subject to change, so it’s essential to check their latest offerings before making a decision.

2. Ally Bank
Ally Bank is an online institution that consistently offers attractive CD rates. As of July 2023, they are offering a 6-month CD rate with an APY of 5.25%. This rate, like others on this list, is subject to change based on market conditions.

3. Discover Bank
Discover Bank is another online bank that provides competitive CD rates. As of July 2023, they offer a 6-month CD rate with an APY of 5.15%. This rate is higher than many traditional brick-and-mortar banks.

4. Synchrony Bank
Synchrony Bank is an online bank with a strong reputation. They offer a 6-month CD rate with an APY of 5.10% as of July 2023. Synchrony Bank is known for its excellent customer service and user-friendly online platform.

5. Marcus by Goldman Sachs
Marcus by Goldman Sachs is a well-known financial institution that offers competitive rates on various financial products, including CDs. As of July 2023, they offer a 6-month CD rate with an APY of 5.05%. This rate is subject to change, so it’s important to verify the current rates before investing.

6. CIT Bank
CIT Bank is an online bank that consistently offers competitive rates on CDs. As of July 2023, they provide a 6-month CD rate with an APY of 4.95%. This rate, like others on this list, is subject to change based on market conditions.

When comparing different CD rates, it’s important to consider other factors as well. Look for banks with a strong reputation, good customer service, and easy access to your funds should you need them before the CD matures. Also, carefully review the terms and conditions, including any penalties for early withdrawal or other fees.

While a 6-month CD is a relatively short-term investment, it still offers a decent return compared to other low-risk options. Remember, rates can change, so it’s wise to stay informed and be proactive in taking advantage of the best rates available during July 2023.

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