We may have lost a fleeting national leader earlier this week, but your menu of opportunities to earn an elite CD rate are still robust. A whopping 27 certificates in our daily ranking of the best nationwide CDs are paying our “Benchmark Leaders” rate of 5.50% APY—or more.
Today’s highest rate across all CD terms continues to be 5.75% APY, available on a 1-year standard certificate from MapleMark Bank.
- The number of “Benchmark Leader” CDs in our rankings—which pay at least 5.50% APY—held today at 27. That’s up from 22 one week ago.
- Today’s top rate on a nationally available certificate of deposit (CD) is 5.75% APY on a 1-year term, or 5.76% APY for one year if you can manage a deposit of at least $100,000.
- For anyone in the market for a jumbo CD, the rate leader in the 18-month term rose today, to 5.65% from 5.58% APY.
- The longest duration on which you can lock in a rate of at least 5.00% remains three years, with a rate of 5.13% APY, or four years at 5.12% APY if you can deposit at least $100,000.
- The Federal Reserve won’t meet again on rates until mid-September, and it’s currently uncertain whether it will again nudge interest rates higher, or opt to hold them steady.
To help you earn as much as possible, here are the top CD rates available from our partners, followed by more information on the best-paying CDs that are available to U.S. customers everywhere.
Jumbo CD shoppers have a new higher-paying option in the 18-month term. You can now earn 5.65% APY on a 15-month offer in our best jumbo CDs ranking, up from yesterday’s leading rate of 5.58% APY.
For anyone wanting to secure one of today’s record rates for longer than two years, you can score 5.13% APY from the credit union leading our best 3-year CDs ranking, or 5.00% from one of three bank CDs in that term. Or if you can manage a deposit of at least $100,000, you can stretch your term to four years with a 5.12% APY jumbo certificate.
CD SHOPPER TIP
Think you need to stick with a bank CD because becoming a credit union member is too much trouble? Think again. The credit unions we include in our rankings are open to anyone nationwide and are easy to join. Though some require a donation to an affiliated nonprofit organization, the required amount is generally modest, and some require no donation or cost at all. The process for opening an account at a credit union is also the same as opening an account at a new bank.