Key Takeaways
- The top nationwide CD rate of 5.65% APY is available from MutualOne Bank for a 3-month term.
- Newtek Bank offers a competitive rate of 5.55% APY for a 6-month term.
- Various CDs offer rates ranging from 5.40% to 5.65% on terms from 3 to 15 months.
- CD rates for 2 to 3 years range from 5.00% to 5.25%, while 4-year and 5-year CD returns are in the upper-4% territory.
- Current CD rates are slightly below their peak but remain competitive, with potential Fed rate cuts on the horizon.
Featured rates from our partners and a ranking of the best nationwide CDs.
Lock In 5.40% to 5.65%—On Terms Up to 15 Months
MutualOne Bank offers the leading 5.65% APY on a 3-month CD, while Newtek Bank’s 6-month CD stands at 5.55% APY.
For longer guarantees, consider CDs offering 5.40% to 5.50% for 9 to 15 months, including NexBank’s top 1-year CD rate of 5.40%.
Longer CDs Can Guarantee Your Rate Until 2026 or Beyond
Opt for CDs of 2 years or more to secure competitive rates, such as Credit Human’s offer of 5.25% for 18 to 23 months.
Lock in rates for up to 5 years, with a promise of returns in the high-4% range for 4 to 5 years.
CD Rates Comparison
| CD Term | Yesterday’s Top Rate | Today’s Top Rate | Change | Top Provider |
|---|---|---|---|---|
| 3 months | 5.65% APY | 5.65% APY | No change | MutualOne Bank |
Big U.S. Bank is a CD Rate Leader
The top 5-year CD return is offered by a major U.S. bank, BMO Alto, with competitive rates across various CD terms.
CD Rates Are Still Near 20-Year Highs
Although CD rates have slightly declined from their peak, they still present a lucrative opportunity compared to the past two decades.
Jumbo CDs Offer a Rate Bump in Some Terms
Leverage jumbo CDs for potentially higher returns, but always compare with standard CDs to ensure the best rates.