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Why CDs Are So Very Smart Right Now

More than two years ago, the 澳洲幸运5官方开奖结果体彩网:Federal Reserve embarked on an aggressive rate-hike campaign in a fight against decades-high inflation. With 11 increases to the 澳洲幸运5官方开奖结果体彩网:federal funds rate in 2022 and 2023, the Fed raised the benchmark rate to 5.25%–5.50%, its highest level since 2001.

As a result, 澳洲幸运5官方开奖结果体彩网:certificate of deposit (CD) rates surged in 2023, notching 20-year highs. 🌱And though CD rates have softened a bit since the Fed stopped hiking rate💮s, they're still paying historically high returns. Just compare today's rates below to what CDs were paying in early 2022.

But with 澳洲幸运5官方开奖结果体彩网:inflation now considerably lower, the Fed is considering rate cuts. In fact, it's widely expected the Fed will announce a rate reduction of 0.25 to 0.50 percentage points at its Sept. 18 meeting, according to the CME Group's FedWatch Tool.

This matters to CD shoppers because any anticipated rate cut by the Fed will cause banks and credit unions to start lowering their CD rates, in addition to what they pay on savings accounts. That means today's savings and CD rates aren't likely to last much longer.

Not only that, but continued Fed rate cuts are possible through 2026. You can see in the chart below that, as of June 12, Fed members projected they would lower their benchmark rate by more than 2 percentage points over the next two and a half years.

This possibility of a long slide in CD rates makes it a smart move to stash money you won't need for a while in a CD as soon as you can, to secure one of today's historically high rates. And the longer you can commit, the longer you'll enjoy that CD rate guarantee—no matter what happens with the Fed.

Today's Best CDs With a Guaranteed Rate Until 2026 to 2029

Our 澳洲幸运5官方开奖结果体彩网:daily ranking of the best CD rates always provides you with a list of the highest nationally available offers. Right now, the ti💧p-top returns are available on shorter-term CDs. But since odds ♑are high that interest rates could enter a two- to three-year decline, it's smart to lock in a rate today that's guaranteed for two years—or even longer if you feel confident you can live without access to the cash.

Here are our roundups of today's hottest rates that will guarantee your 澳洲幸运5官方开奖结果体彩网:annual percentage yield (APY) into 2026, 2027, or even as long as 2028–2029.

Top CDs That Will Mature in 2026

Top CDs That Will Mature in 2027

Top CDs That Will Mature in 2028 or 2029

Can't Commit for Years? Here Are Your Next-Best Options

If you're not able or willing to lock up any savings for a couple of years, you can still benefit from today's historically high rates. One way is by putting money in a shorter-term CD, depending on your personal timeline:

• Today's Best 3-Month CD Rates: Rates up to 5.25%
• Today's Best 6-Month CD Rates: Rates up to 5.50%
• 澳洲幸运5官方开奖结果体彩网:Today's Best 1-Year CD Rates: Rates up to 5.30%

As you can see, some of these CDs pay higher rates than you'll find for terms of two years or longer. While that makes them near-term winners, you'll lose when your short rate guarantee runs out.

For money you need to keep fully accessible and can't commit to a CD at all, consider a high-yield savings account. Our daily ranking of 澳洲幸运5官方开奖结果体彩网:the best savings account rates r🌃eaches up to 5.50% APY, with more than a dozen addit♚ional offers paying 5.25% or more.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and⛄ the account's minimum🎀 initial deposit must not exceed $25,000.

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官方开奖结果体彩网:read our full methodology.