Unlocking the Best CD Rates in 2024
- The highest nationwide CD rate currently stands at an impressive 5.65% APY, offered by MutualOne Bank for a 3-month certificate.
- For those seeking a slightly longer commitment, Newtek Bank provides a competitive rate of 5.55% APY for a 6-month CD.
- Investors looking to secure their earnings for a year can enjoy rates of up to 5.40% APY with the best 1-year certificates.
- Extend your rate lock further with a 2-year CD offering up to 5.30% APY, or opt for terms ranging from 3 to 5 years with rates between 4.70% to 5.00%.
Discover the featured rates available through our partners and delve into our comprehensive ranking of the top CDs accessible nationwide.
Lock In 5.30% or More—For as Long as 23 Months
Secure the highest return on a nationally available CD with an impressive 5.65% APY from MutualOne Bank, ideal for a 3-month term guaranteeing rates until August.
Opt for a longer rate lock with Newtek Bank’s 5.55% APY for a 6-month period, extending your rate security to almost 2025.
Explore additional options for a more extended duration of 5.50% or higher across various CDs spanning up to 9 months. Credit Human offers a competitive 5.30% for a customizable term of 18-23 months, ensuring your financial stability until spring 2026.
Long CD Terms Secure Your Rate to 2027—Or Beyond
Dive into the benefits of selecting a CD term exceeding two years, especially with the potential decline in U.S. interest rates over the next few years. Profit from a top 3-year CD yielding 5.00%, securing your returns until 2027, or explore mid-to-high 4% rates for 4 to 5-year terms.
CD Rates Are Still Near 20-Year Highs
While CD rates have slightly decreased since reaching a historic high of 6.50% in October, current rates continue to offer exceptional earning opportunities, outperforming the past 20 years.
Locking in a yield between 4% to 5% for a year or more remains a wise investment choice, with prospective long-term financial gains.
Anticipate potential rate fluctuations and secure a long-term rate before the expected decline in 2024 and 2025, ensuring a stable financial strategy.
Jumbo CDs Offer a Rate Bump in Some Terms
Benefit from higher earning potential with jumbo CDs, such as State Bank of Texas and My eBanc offering rates exceeding standard CDs.
While jumbo CD rates may not always surpass standard certificates, carefully compare options to maximize your returns.
Where Are CD Rates Headed the Rest of This Year?
Explore the trajectory of CD rates as the Federal Reserve responds to inflation levels, affecting interest rates on deposits.
Stay informed about the evolving economic landscape and how it impacts your savings and investment strategies.
Gain insights into the Federal Reserve’s rate-setting decisions and their implications for future CD rates, providing a comprehensive outlook on market movements.
Understand the nuances of inflation management by central banks and its influence on interest rate policies, guiding your financial planning decisions.
Stay ahead of macroeconomic trends and their impact on deposit rates, ensuring you make informed decisions regarding your financial portfolio.
Navigate the uncertainty of future rate adjustments by the Federal Reserve, shaping your investment strategies accordingly.
Monitor the Federal Reserve’s statements and actions to anticipate possible shifts in interest rates, preparing your financial assets for various scenarios.
Stay updated on the latest discussions and decisions made by the Federal Reserve, affecting interest rates and overall market conditions.
Prepare for potential rate cuts or hikes by considering the Fed’s future actions and their implications on CD rates, optimizing your financial opportunities.
Plan ahead for changes in interest rates by evaluating current economic indicators and their potential impact on deposit rates, ensuring a resilient financial strategy.
Stay informed about the upcoming rate-setting meetings scheduled throughout the year, enabling you to adapt your investment approach to changing market conditions.
Stay informed about the latest high-yield savings and CD rates for June 2024 to make strategic financial decisions that align with your investment goals.
Discover how Investopedia analyzes and ranks the top CD rates daily, providing you with valuable insights to make informed financial decisions.
Learn about the rigorous selection criteria employed by Investopedia to identify the best CD rates, ensuring that you access reliable and competitive offerings.