Current CD Rates Update
- The national rate for 4-year CDs has decreased to 4.70% from 4.80%, offered by Credit Human for terms ranging from 36 to 59 months.
- Top rates across other CD terms remain stable, with MutualOne Bank offering the best rate of 5.65% for a 3-month term.
- CD rates at or above 5.00% are available for terms up to 3 years, allowing you to lock in a high rate until 2027.
- While the best CD rates have been gradually declining, the possibility of a Fed rate cut could accelerate this trend.
Lock In 5.40% to 5.65% APY for 3 to 12 Months
The leading 4-year CD rate has fallen to 4.70% APY, now offered by Credit Human for terms between 36 and 59 months. MutualOne Bank stands out with a 5.65% APY rate for a 3-month CD.
In addition to these rates, there are 11 more CDs offering 5.40% APY or higher for terms ranging from 3 to 12 months, including 5-7 month CDs at 5.50% APY.
For those seeking longer-term investments, the best 18-month CDs offer rates between 5.15% and 5.25% APY, providing returns until late 2025.
Longer Terms Will Secure Your Rate to 2026—Or Beyond
Secure a top 2-year CD rate at 5.20% or a 5.00% rate until 2027, offering a longer-term high yield investment. You can also opt for rates in the mid-to-high 4% range for 4 to 5 years.
CD Rates Are Still Near Historic Highs
While CD rates have slightly decreased from their peak of 6.50%, they still offer attractive returns compared to the past two decades. Locking in rates between 4% to 5% for a year or more remains an excellent opportunity for savers.