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

Nuvision's 6.00% CD Is Available Until July 31

6.00% 10-month CD is a fantastic promotional offer, but it's set to expire on July 31. It's possible that Nuvision will extend the offer, but it's not likely to happen given strong expectations of a Fed rate cut in September. This CD is limited to a maximum deposit of $5,000, so it may be worth putting down that much, but🦹 if you can afford to put 🌳more into a CD, it may be worth exploring longer-term options.

Today's second-best rate is from (recently rebranded from TotalDirectBank), but it's available on even shorter terms—3 months or 6 months—and requires a relatively large minimum depo𒁃sit of $25,000.

The 澳洲幸运5开奖号码历史查询:best nationwide CD rates are currently for short terms. offers 5.25% APY for 15 months with just a $500 minimum deposit, with at least 17 other providers offering rates of 5% or better for 15 to 23 months. 澳洲幸运5开奖号码历史查询:2-year CDs are lower still: will give you 5.10% for 24 months, and two other CDs (by Credit Human and West Town Bank & Trust) offer 5.05% and 5.00%, respectively, for similar terms.

Con𝓡sider Locking In a Longer Guarantee Before Rates Fall

CD terms for longer than 2 years top out at 5.00% APY. You can lock in that rate from for 30 months or DollജarSavingsDirect for 36 months. They each have relatively low minimum deposit requirements—just $5 for Vibrant, and $1,000 for . Many other 3-year CDs are in the🍨 high-4% range.

With a likely rate cut on the horizon this year, and a possibility of further cuts in later years, it may be wise to secure a longer-term CD while you can even if you're not getting the absolute best rates currently available. As the 澳洲幸运5开奖号码历史查询:federal funds rate falls, CD rates gener🧜ally fol♐low suit. But if you lock in a good rate today, you can enjoy it for years to come.

The 澳洲幸运5开奖号码历史查询:best 4-year CD right now is from , at 4.70% for 48 months (available with a minimum deposit of any amount). If you want to stretch out your savings further, BMO and have even better offers for a 澳洲幸运5开奖号码历史查询:5-year CD: They each guarantee 4.75% for 60 months. That'll take you well into 2029, giving you solid returns regardless of any changes to the federal funds rate.

CℱD Rate🦩s Are Near Their Highest Level in 20 Years

CD rates aren't at their absolute peak, but they're still running well above the usual. We saw a high water mark of 6.50% in October, and although only one promotional CD is at 6.00% today, quite a few banks and credit unions are offering 5.00% or better. Seven CDs among the 澳洲幸运5开奖号码历史查询:top national rates pay 5.50% or more, while 16 pay at least 5.35% (not countꦿing jumbo CDs).

The longest curre𒊎ntly available term of 5% or better is 36 months from DollarSavingsDirect, mentioned 𒀰above. Any APY above 4% may be worth taking advantage of, depending on your financial situation, before the Fed cuts rates.

Minimum deposit requirements can play an important role in your CD of choice, but many of today's top CDs have relatively low requirements. That's true for both short- and long-term CDs. Among the leading rates:

• DR Bank's 6-month CD has a minimum of $500.
• Nuvision's promotional 10-month CD has a minimum of $1,000.
• Vibrant CU's 30-month CD has a minimum of $5.
• BMO Alto's 48-month and 60-month CDs have a minimum of any amount.
• CreditHuman's 84- to 120-month CD has a minimum of $500.
  

Jumbo CDs Currently Lead for 5-Year CDs

Jumbo CDs require much larger deposits, and the 澳洲幸运5开奖号码历史查询:best jumbo CDs currently don't offer the best rates in most terms—except for 5-year CDs. Right now, pays 4.86% for a 60-month term, edging out the best standard CD (4.75%) by .11 percentage points. Grow ꦯFinancial's 5-year jumbo CD requires a minimum deposit of $100,000.

Where Are CD Rates Headed in 2024?

Most futures traders believe the Fed will hold rates steady at their next meeting at the end of July, but 100% of traders expect a 澳洲幸运5开奖号码历史查询:rate cut in September. According to the 澳洲幸运5开奖号码历史查询:CME FedWatch tool, nearly two-thirds of traders expect another rate cut in November, and more than half predict yet another cut in December.

Today's 澳洲幸运5开奖号码历史查询:inflation report provided more evidence that the Fed's campaign to quell inflation has been effective, strengthening predictions of rate cuts in the near future. The central bank's mission to beat inflation led it to raise the federal funds rate 11 times between March 2022 and July 2023, bringing the fed funds rate to its highest level in 22 years. Anyone with money in interest-bearing deposit accounts should take note of the benchmark rate: The rates on deposit accounts (like CDs) offered by banks and credit unions tend to follow the same trend. As the fed funds rate goes up or down, so too do deposit account rates

Anyone with money 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 has been benefiting from these historic rates since last fall. And last Octಞober-November saw CD rates reach levels unmatched for two decades.

But the Fed has kept rates steady since its last rate hike in July 2023. At its last meeting on June 12, the Federal Reserve's rate-setting committee declared that it would keep 澳洲幸运5开奖号码历🅺史查询:the fede﷽ral funds rate at its current level, as was expected. This was the seventh consecutive meeting in which the central bank held its benchmark rate steady.

But, as has been true for other recent reports, the latest Personal Consumption Expenditures (PCE) index—the Fed's favorite measure of inflation—released on July 26 provided still more evidence that inflation is coming further down. The PCE showed a rise of 2.5% in June from the previous year, down slightly from May's measure of 2.6%.

Fed officials are generally careful not to jump the gun and will likely continue waiting for additional reports before making any decisions about changing the fed funds rate. But with confidence in a September rate cut growing and CD rates likely to anticipate that downward move, it's high time to lock in an excellent CD rate while you still 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 credit unions), the CD's miܫnimum 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.