A bit of good news punctuated an otherwise quiet day for the top certificate of deposit (CD) rates. One more CD has joined our daily tally of certificates paying at least 5.35%, bringing the total up to a whopping 37.
The best annual percentage rate (APY) you can get from any CD continues to be 5.75% APY. It’s offered by Andrews Federal Credit Union on a 9-month CD.
Key Takeaways
- The number of options in our daily ranking of the best CDs that pay 5.35% APY or more rose to 37 today, up from 36 yesterday and 27 a week ago.
- The highest nationally available rate across all CD terms remains 5.75% APY, which you can get on a 9-month term.
- The longest duration for which you can earn at least 5.00% APY is 36 months, paying a rate of 5.13% APY. If you have a jumbo-sized deposit, however, you can earn 5.12% for four years.
- The Federal Reserve raised its benchmark rate to a 22-year-high Wednesday. Though many banks and credit unions boosted their CD rates in anticipation of the move, others could still push rates higher in coming weeks.
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.
If you’re looking for a top rate but want to stretch it out longer than the 9 months available with the current market leader, you can still earn 5.70% for 18 months with USAlliance Financial, the previous industry leader across terms.
Still not long enough? You have a couple of options for beating the very good rate of 5.00% for an extended time period. A rate of 5.25% is available on a 30-month option. And if you have a deposit of at least $100,000, you can stretch your time horizon to four years, with a rate of 5.12% APY.
Source: https://www.investopedia.com/top-cds-today-new-high-rate-options-7567183?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo