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- PERSONAL FINANCE NEWS
- CD NEWS
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KEY TAKEAWAYS
- You can still lock in the nation-leading CD rate of 6.00% APY, available from Nuvision Credit Union for a 10-month term. But the CD only allows a maximum deposit of $5,000.
- Eight more CDs pay 5.50% and up, including two runners-up offering 5.55% for terms of 5 or 11 months.
- For a longer rate lock, you might like NexBank's leading 1-year rate of 5.40%, Credit Human's 5.10% on up to 23 months, or one of a few 3-year CDs paying 5.00% APY.
- CDs extending a rate guarantee until 2028 or 2029 are paying in the upper-4% range, including Wellby Financial's 4-year rate of 4.86% APY.
- The Fed held rates steady for a seventh time on June 12, as it waits for inflation to ease. But with rate cuts likely this year, it's smart to grab one of today's best CDs before APYs drop.
Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.
The 13 CDs Pay 5.40% to 6.00%—With Many Locked Until 2025
Nuvision Credit Union continues to lead the CD rate pack, offering the top rate of 6.00% APY on a 10-month certificate. Before June, we hadn't seen a rate that high since last fall. Although this is the best CD return nationwide, NuVision's promotional certificate is limited to a $5,000 maximum deposit.
If you want to stash more than that in a CD but still want to earn a tip-top rate, you might like one of 12 additional certificates that are paying 5.40% APY or better. They include 5.55% offers from INOVA Federal Credit Union for 5 months and Paramount Bank for 11 months—as well as the top 12-month rate of 5.40% APY from NexBank.
Of the 13 CDs paying 5.40% to 6.00%, nine will lock in your rate until at least Christmas, with several extending their rate guarantee until spring 2025.
Longer CDs Pay Up to 5.10%, Locked Until 2026 or Beyond
Since it appears likely we'll see U.S. interest rates decline over the next two to three years, it's a smart time to lock in a high multi-year rate while you can. The top 2-year CD rate is 5.10% APY, offered by Credit Human on a term of your choosing between 18 to 23 months. By choosing a duration of at least 19 months, you could stretch this rate lock into 2026.
Want to extend a rate guarantee longer than that? You can earn up to 5.00% with the best 3-year CDs. Vibrant Credit Union promises that APY for 30 months, while two providers—DollarSavingsDirect and Transportation Federal Credit Union—offer it for a full 36 months.
To guarantee your rate even longer, the best 4-year CD pays 4.86%, or you can secure 4.80% for 5 years. Eight additional 5-year CDs are paying 4.50% and up.
LARGE U.S. BANK IS 5-YEAR CD RATE LEADER
The top nationwide CD rates are typically offered by smaller banks and credit unions. But right now, the top 5-year return comes from a large U.S. Bank. BMO Alto is the online-only arm of banking giant BMO, which operates about 1,000 physical branches and is the 12th-largest U.S. bank by deposits. Though it only pays the top nationwide rate in the 5-year term, BMO Alto also has reasonably competitive rates on CDs ranging from 6 months to 4 years.