First the good news: The nationwide rate leader across all CD terms is holding steady, offering you the opportunity to lock in a record return of 5.75% APY for 9 months with Andrews Federal Credit Union. Or if you have a jumbo-sized deposit of $100,000 or more, you can earn that stellar rate for 11 months with Sun East Federal Credit Union.
Unfortunately, we also lost a term leader today. The credit union offering last week’s best 3-year rate no longer accepts customers from outside its region, effectively dropping today’s top nationwide rate in the 3-year term from 5.25% APY to 5.13% APY, available from U.S. Senate Federal Credit Union.
Key Takeaways
- The top rate across terms in our daily ranking of the best CDs is holding firm at 5.75% APY, available on a 9-month certificate, or 11 months if you can make a jumbo-sized deposit.
- Our “Benchmark Leaders” group of CDs paying at least 5.50% APY gained an option today, raising the count to 16 certificates.
- The top 3-year rate fell from 5.25% to 5.13% APY. That’s the longest term on which you can earn 5.00% APY or more, unless you have a jumbo-sized deposit that qualifies for 5.12% APY on four years.
- The Federal Reserve will not meet again on interest rates for six weeks, and it’s unknown at this time whether or not they’ll push the federal funds rate—and therefore CD rates—higher this year.
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 want to enjoy one of today’s high rates for an extended period, you have two long-term options that earn at least 5.00%. You can score 5.13% APY with the leader in our best 3-year CDs ranking, or if you have at least $100,000 to deposit in a jumbo CD, you can stretch that to four years for a comparable rate of 5.12% APY.
Source: https://www.investopedia.com/top-cd-rates-today-less-than-8-7-prep-greater-than-7570444?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo