Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.

Just a Week Left To Open This 6.00% CD

It's always possible that will extend its promotional 6.00%, 10-month CD beyond its advertised July 31 expiration date. But don't count on it. That 6.00% CD rate is the highest we've seen since November, and it stands far above the second-place offer. But take note: Nuvision's CD only accepts a maximum deposit of $5,000, so if you want to put more than that in a CD, you'll do better wit♛h a slightl♉y lower-paying CD elsewhere.

Today's 澳洲幸运5开奖号码历史查询:best nationwide CD rates are on CDs with shorter terms. is paying 5.51% APY on either a 3-month or 6-month term. (TotalBank is the new name for TotalDirectBank.) However, you'll need a hefty minimum deposit of $25,000. After that, four options pay 5.50% on terms of 3 to 9 months. The leading 12-month rate is 5.35%, available from , whose offer is 澳洲幸运5开奖号码历史查询:guaranteed until 2025. TotalBank also offers a 5.35% rate for 12 months.

ꦰ A Lower Rate With a Longer Guarantee May Serve You 💝Better

If you're able to lock up your money for longer, you can stretch your rate guarantee into 2026. Top options in this category are the 澳洲幸运5开奖号码历史查询:best 18-month CD, which is a 5.25% offer from , and the 澳洲幸运5开奖号码历史查询:best 2-year CD, a 5.10% certificate from .

Extending your rate lock well into the future is smart right now since it's expected the Fed will cut the 澳洲幸运5开奖号码历史查询:federal funds rate at least one time later this year. The benchmark fed funds rate could continue declining over the next couple of years. This would pu💜sh new CD rates down, but any CD you've already opened will honor its guaranteed rate until the end of its term.

To secure a high CD rate into 2027, consider the best 3-year CDs, which are paying 5.00% APY. 🧸 promises that APY for 30 months, while extends it a full 36 months.

One of the 澳洲幸运5开奖号码历史查询:best 4-year CDs can guarantee your rate even longer. The top offer there pays 4.70%. Alternatively, you can lock in 4.75% 澳洲幸运5开奖号码历史查询:for 5 years. BMO Alto offers both of these CDs. Grow Financial also pays 4.75% for a 5-year term.

CD Rates Are Near Their Highest Level in 2꧙0 Years

CD rates have dipped a little since last fall but are still in historic territory. For a few days in October, they touched a peak of 6.50%, and they have drifted slightly lower since then. In February of this year, 30 CDs in 澳洲幸运5开奖号码历史查询:our daily ranking guaranteed at least 5.50% APY. Now, however, you'll find just seven.

But keep in mind that when you look back over the past 20 years, today's CD rates are still exceptional. APYs above 4% continue to present a great investment opportunity for your cash, and it would be smart to lock one in now—before the Fed cuts rates.

Note that you don't have to get the absolute highest APY to feel satisfied with your choice. If you find a CD with a term length and features you like, it can be wise to grab it now—rather than perhaps regret it later because you missed your opportunity.

Jumbo CDs Sometimes Offer a Premium Rate

If you've got a big enough deposit for a jumbo CD, you can also shop our ranking of the 澳洲幸运5开奖号码历史查询:best jumbo CDs. But in every term but one right now, you can earn more from the best standard CD. The one term where you can score a slight rate premium with a jumbo CD isℱ the 5-yea💜r term, where is paying 4.86% vs. the top standard-CD rate of 4.75% APY.

Where Are CD Rates Headed in 2024?

Futures traders are betting there will be at least one cut to the federal funds rate this year, but it is unlikely to come during the next Fed meeting, which will end July 31. Instead, 100% of traders predict 澳洲幸运𝕴5开奖号码历史查询:the first cut will come in September, with two-thirds expecting another cut in November and more than half predicting one more in December.

This comes amid increasing evidence that the Fed's campaign to tamp down 澳洲幸运5开奖号码历史查询:inflation is having an effect. The central bank aggressively hiked the federal funds𝕴 rate 11 times between March 2022 and July 2023, raising the benchmark rate to its highest level in 22 years. That's important to savers because when the fed funds rate rises, banks and credit unions 𒁃increase the interest rates they're willing to pay on customer deposits.

As a result, this past fall saw historically favorable conditions for CD shoppers and anyone holding cash in a 澳洲幸运5开奖号码历史查询:high-yield savings or 澳洲幸运5开奖号码历史查询:money market account. ❀Rates on CDs rose to an October-November peak that was the highest we've seen in two decades.

However, the Fed has been in a holding pattern since its last rate hike in July 2023. As was all but certain, the Federal Reserve's rate-setting committee announced on June 12 that it was once again maintaining 💃the federal funds rate at its current level. It was the seventh meeting in a row in which the central bank has held its benchmark rate steady.

But the Consumer Price Index (CPI) released on July 11 澳洲幸运5开奖号码历史查询:provided encouraging evidence that inflation is coming further down. Compared𝔍 to May's 3.3% annualized inflation reading, June's CPI registered just 3.0%.

While Fed officials will continue watching and waiting for additional data before making any decisions, it's possible that stronger confidence in a September rate cut could start pushing CD rates lower. So it's a good time to lock in one of today's stellar CD rates while you can.

How We Find the Best CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for cre✃dit unions), the CD's minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000.

Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, 澳洲幸运5开奖号码历史查询:read our full methodology.