After a couple of days of losing CD term leaders, rates on the best nationwide CDs held their ground today. You can still earn 5.88% APY with the best-paying certificate in the country, and eight more options pay 5.75% or better—with terms ranging from 6 months to 18 months.
West Town Bank & Trust continues to wear our national rate crown, paying 5.88% APY on a 7-month term. Our runner-up is at the longer end of the spectrum: Seattle Bank’s 5.80% offer on 18 months. Meanwhile, the shortest-duration CD paying at least 5.75% APY is a 6-month certificate from TotalDirectBank.
Key Takeaways
- The top nationwide CD rate remains 5.88% APY, available for a 7-month term. For a longer 18 months, you can earn up to 5.80% APY.
- A total of 9 offers in our daily ranking of the best CDs pay 5.75% APY or better. They range in term from 6 to 18 months.
- The leading jumbo rate is 5.80% APY from All In Credit Union on an 18-month term.
- Markets overwhelmingly predict the Fed is finished with its rate increases, but Fed Chair Powell said more hikes could be on the table until inflation is reliably under control. CD rates are likely to flatten out, and eventually decline, unless the Fed raises rates again.
Below you’ll find featured rates available from our partners, followed by details from our complete ranking of the best CDs available nationwide.
If you’re looking for a nationwide CD paying a top rate of at least 5.75%, the longest duration available is 18 months, with Seattle Bank paying 5.80% on that term. But if you want to secure one of today’s historically high rates for longer, you can lock in 5.50% APY for either 2 years or 3 years.
Still not long enough? Though the leading 4-year rate fell this week, you can still snag 5.13% APY with a 48-month guarantee. Or if you can stretch to 5 years, you can secure a rate of 5.25% APY.
When asked in November if they were choosing more or less of certain investments during recent market events, 28% of Investopedia readers said they were leaning into CDs—the leading choice among more than a dozen options. Additionally, 14% of readers said they would open a CD if they had an extra $10,000 to invest, just behind the 15% who said they’d put it in individual stocks.