We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more.
- PERSONAL FINANCE NEWS
- CD NEWS
KEY TAKEAWAYS
- The highest rates across all CD terms are holding their ground, including the best overall rate of 5.65% from MutualOne Bank for a 3-month term.
- For a slightly longer term, runner-up Newtek Bank is paying 5.55% APY for 6 months.
- CDs paying 5.20% or better currently range up to 2 years, letting you extend a 5%-plus rate lock as long as 2026.
- The best CD rates have been gradually easing lower for months, in anticipation of future Fed rate cuts—something that's been expected to occur this year.
- But today's fresh inflation data suggests it might be a while before the central bank feels comfortable lowering rates.
Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.
Lock In 5.20% to 5.65% APY for 3 to 23 Months
The highest CD yields continue to be offered on short-term certificates. Last week saw a new leader come on the scene, with MutualOne Bank paying 5.65% APY on a 3-month term. After that, the next-best rate lets you lock in a little longer: Newtek Bank's 6-month offer pays 5.55% APY on a 6-month certificate.
In addition to those top two rates, 10 more CDs are paying 5.40% APY or better, with terms of 3 to 12 months. Two of those pay 5.50% APY, on a term of 5 or 7 months.
Want to stretch your rate lock further into the future? Our ranking of the best 18-month and best 2-year CDs includes four offers between 5.20% and 5.25% APY, securing your rate until late 2025 or even early 2026.
Longer Terms Will Lock Your Rate to 2027—Or Beyond
Want to secure one of today's high CD rates even longer? If U.S. interest rates enter a declining period for the next 2-3 years, you'll be glad to have a long-term CD paying today's stellar rates far into the future. You can choose a top 3-year CD paying 5.00%, guaranteeing that return until 2027. Or you can opt to guarantee rates in the mid-to-high 4% range for as far as 4 or 5 years down the road.