After a week with good news for CD shoppers—including new leading rates in the 6-month and 1-year terms—today brought the first major rate decline in a while. One of the credit unions offering a 6% certificate has dropped its rate to 5.80%. The Credit Human CD with a take-your-pick term of 12-17 months had been available at 6.00% APY for more than a month.
Fortunately, you still have plenty of stellar rates to choose from, including our reigning rate champ of 6.50%. That offer comes from Financial Partners Credit Union on an 8-month term. But beware that you can only deposit up to $5,000 in this CD. For a bigger deposit—and a slightly longer term—you might like Bayer Heritage Federal Credit Union’s runner-up rate of 6.18% APY on a 1-year duration.
- One of the certificates paying at least 6.00% in our daily ranking of the best nationwide CDs dropped its rate to 5.80% today.
- A total of four nationwide CDs are still available with rates of 6.00% or better—including the top-paying 6.50% offer, available for an 8-month term and a maximum deposit of $5,000.
- For larger deposits, the top nationwide rate is 6.18% APY, available for 1 year.
- A total of 19 nationwide CDs in our ranking offer a rate of at least 5.75% APY.
- As expected, the Fed announced a rate hold Wednesday but left the door open to a possible future increase.
Below you’ll find featured rates available from our partners, followed by details from our complete ranking of the best CDs available nationwide.
Looking to lock in a great rate for a longer term? The top 2-year CD is paying 5.60% APY. If that’s still not long enough, you can secure 5.37% APY for 30 months down the road, or 5.25% APY for 36 or 40 months. All three of those can be found in our daily ranking of the best 3-year CDs.
If you have the option to make a jumbo deposit of at least $100,000, you can boost your 2-year rate to 5.68% APY or your 30-month rate to 5.52% APY.
When asked where they would put an unexpected $10,000 windfall, almost 1 in 5 recently surveyed Investopedia readers said they would choose a CD. Selected by 18% of readers, CDs were the most popular response, outpacing stocks, money market funds, and index funds.