Best CD Rates Available Right Now
- Leading CD rate nationally stands at 5.65% APY for a 3-month term from MutualOne Bank.
- Runner-up rate at 5.55% APY for a 6-month term offered by Newtek Bank.
- Several offers pay between 5.40% and 5.50% for terms of 9 to 15 months, securing rates until 2025.
- Rates as high as 5.30% for 2 years, and between 4.70% and 5.00% for 3 to 5 years are also available.
- CD rates softened earlier in the year but recent inflation trends suggest a delay in Fed rate cuts.
Featured CD rates from our partners and details of top CDs available nationwide are outlined below.
Lock In 5.30% to 5.65% APY for 3 to 23 Months
The top national CD rate is at 5.65% APY with MutualOne Bank for a 3-month term. Newtek Bank offers 5.55% APY for 6 months.
For longer durations, options of 5.40% to 5.50% for 9 to 15 months are available. Consider Credit Human’s 5.30% rate for 18-23 months to secure returns into 2026.
Longer Terms Will Secure Your Rate to 2027—Or Beyond
Opt for a 3-year CD at 5.00% or lock in mid-to-high 4% rates for 4 to 5 years for a secure investment amidst potential interest rate declines.
CD Rates Are Still Near Record Highs
While CD rates have slightly lowered since their peak, 5.50% APY jumbo CDs by State Bank of Texas and My eBanc offer significant returns.
Consider both standard and jumbo CD rates carefully, as the highest rates may not always be in the jumbo category.
Where Are CD Rates Headed in 2024?
Recent Fed actions and inflation trends impact CD rates. Though rates have plateaued, uncertainty surrounds future rate cuts.
Fed Chair Powell suggests a delay in rate cuts as inflation progress is monitored closely.
CD rates may stay steady, with potential for cuts dependent on future Fed actions.
How We Find the Best CD Rates
Daily tracking of 200+ banks and credit unions nationwide helps in ranking top-paying certificates. Institutional stability and accessible minimum deposits guide our selection process.
Inclusion criteria ensure federally insured institutions with reasonable deposit requirements are featured. Our methodology prioritizes transparency and consumer benefit.