The hits keep coming for the best CD rates, with more music to your ears if you’re shopping for a record rate on a short- to medium-term. Just 12 days ago, our ranking of the best nationwide CDs included 30 certificates paying 5.50% APY or better. Today that count has climbed to a whopping 46, with options ranging from 3 months to 2 years.
The nationwide rate leader across all CD terms remains American 1 Credit Union’s 6.00% APY, available for a 1-year term.
- The number of nationally available CDs paying 5.50% APY or higher rose to 46 today, up from 41 Friday and 30 less than two weeks ago.
- The top overall rate in our daily ranking of the best nationwide CDs remains 6.00% APY for a 1-year certificate, the first nationally available CD to reach that threshold since the Federal Reserve began raising interest rates last year.
- If you want to earn more than 5.00% on a longer term, your best bet is the leading 3-year certificate, which is paying 5.23% APY.
- Data last week showing a cooling economy made it less likely the Fed will raise its benchmark interest rate again this year. That means CD rates may not edge much higher than their current levels.
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.
Always be sure you understand a bank or credit union’s early withdrawal penalty for a CD you’re considering. The penalty policies vary widely—from mild to harsh to downright onerous—and you are fully within your rights to ask that the policy be explained to you before committing your funds.
Looking to secure a record rate for a longer term? You can score 5.23% APY from the leader of our best 3-year CDs ranking, or at least 5.00% from five other contenders in that term. The current top rates in the 4-year and 5-year terms, meanwhile, are 4.81% APY and 4.86% APY, respectively.
If you have a jumbo-sized deposit, you can earn a bit more in some terms. The top jumbo rate is currently 5.85% APY, available on a 6-month certificate requiring at least a $100,000 deposit.