Key Takeaways
- The highest CD rates continue to be 5.65% APY at MutualOne Bank for a 3-month term and 5.55% at Newtek Bank for a 6-month term.
- Mid-range rates range from 5.40% for a 1- or 18-month CD to 5.25% for a 2-year certificate.
- Longer durations offer rates up to 5.00% for 3 years and 4.80% for 5 years.
- Recent inflation readings suggest that Fed rate cuts may not happen soon despite slight decreases in current CD rates.
Featured rates from our partners and rankings of the best nationwide CDs are detailed below.
Lock In 5.30% or More—For as Long as 23 Months
MutualOne Bank offers the highest CD rate of 5.65% APY for a 3-month term, while Newtek Bank’s 6-month CD provides a rate of 5.55% APY—a competitive choice for a longer rate lock.
Other CDs in our daily ranking offer rates of 5.50% or higher, with Credit Human’s 18 to 23 months option standing out at 5.25%—securing a rate guarantee till spring 2026.
Long CD Terms Secure Your Rate to 2027—Or Beyond
Opting for a 3-year CD at 5.00% APY can guarantee your return until 2027, while rates in the mid-to-high 4% range are available for 4 to 5-year terms.
CD Rates Are Still Near 20-Year Highs
Despite a slight decline from their peak, current CD rates remain attractive, offering a secure yield range for future investments.
Secure your financial future with high CD rates that outpace inflation, protecting your purchasing power efficiently.
Jumbo CDs Offer a Rate Bump in Some Terms
State Bank of Texas and State Department Federal Credit Union offer top jumbo CD rates, providing opportunities for increased earnings.
Where Will CD Rates Go in 2024?
Despite recent rate fluctuations, CD rates are likely to remain stable in the near future, offering savers a continued earning potential.
Keep an eye on the changing economic landscape to make informed decisions about your CD investments as rates may fluctuate in the coming months.
How We Find the Best CD Rates
Investopedia’s daily tracking identifies top-paying CDs from over 200 federally-insured banks and credit unions with a focus on rates and accessibility for potential investors.