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
Mapodile / Getty Images
KEY TAKEAWAYS
- The highest rates across all CD terms held firm today, 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 5.00% or better currently range up to 3 years, letting you extend a 5% rate lock as long as 2027.
- The best CD rates have been gradually easing lower for months. But if the Fed appears ready to make a rate cut—something that could happen this year—they'll begin falling faster.
Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.
Lock In 5.40% to 5.65% APY for 3 to 12 Months
The highest CD yields continue to be offered on short-term certificates. After two weeks of the nation-leading rate being 5.55% APY on a 6-month certificate, still available from Newtek Bank, a new CD took the rate crown last week: MutualOne Bank is offering 5.65% APY on a 3-month term.
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 CDs includes five offers between 5.15% and 5.25% APY. Those would let you guarantee your return until fall 2025.
Longer Terms Will Lock Your Rate to 2026—Or Beyond
Want to secure one of today's high CD rates even longer? You can choose a top 2-year CD paying 5.20%, guaranteeing that return until 2026. Or lock in a 5.00% rate as far as 2027. Though that's the longest term offering a rate of 5% or better, you can alternatively opt to guarantee rates in the mid-to-high 4% range for as far as 4 or 5 years down the road.