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

Less Than Two Weeks Left To Open This 6.00% CD

While could extend its promotional 6.00%, 10-month CD beyond July 31, why take that risk? This is the top nationw𓆉ide CD rate right now, and until last month, we hadn't seen a rate that high since November. However, Nuvision's CD only accepts a maximum deposit of $5,000, so you could end up making more with a slightly lower-paying CD with a longer term.

The next 澳洲幸运5官方开奖结果体彩网:best nationwide CD rates are for CDs with shorter terms. is offering a CD that pays 5.51% APY on either a 3-month or 6-month term. Hℱowever, you'll need a minimum deposit of $25,000 to get it.

If those CDs don't feel right for your situation, then consider one of the other five CDs paying 5.50% or more, some of which guarantee your rate through 2025. If you're looking to lock up your money for longer, the 澳洲幸运5官方开奖结果体彩网:best 18-month CD rate is 5.25% from , and the 澳洲幸运5官方开奖结果体彩网:best 2-year C✤D rate is 5.10% from Credit Human.

14 CDs Pay 5.40% or More

There are now just 14 nationwide CDs paying 5.40% or more—one less than yesterday. It's not surprising since the Fed has hinted at a rate cut later this year, and U.S. interest rates are expected to decline over the next couple of years. But it does mean there may be limited time to lock in a historic rate with a top CD.

Want to secure a high CD rate for as long as possible to combat rate declines? Consider the best 3-year CDs, which are paying 5.00% APY. promises that APY for 30 months, while extend🍃s it a full 36 months.

To secure your rate further, the 澳洲幸运5官方开奖结果体彩网:best 4-year CD pays 4.70%, or you can lock in 4.75% 澳洲幸运5官方开奖结果体彩网:for 5 years. BMO Alto offers both of these CDs. Grow Financial also pays 4.75% on a 5-year CD.

CD Rates Are Near Their Highest Level in 20 Ye🌱ars

Today, there are eight CDs that pay 5.50% or more. While that's down from the 30 CDs that guaranteed that rate back in February, it's still a sign that rates are near their highest levels in 20 years. Back in October 2023, CD rates briefly touched a historic peak of 6.50%. Now, APYs above 4.00% still present a great investment opportunity, and it may be worth locking 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 may be wise to grab it now rather than perhaps regret it later if rates go down and you miss 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官方开奖结果体彩网:best jumbo CDs. But in every term but one right now, you canಞ earn more from the best st🥃andard CD. The one term where you can score a slight rate premium with a jumbo CD is the 5-year term, where is paying 4.86% vs. the top standard-CD rate of 4.75% APY.

Where Are CD Rates Headed in 2024?

To fight decades-high inflation, the 澳洲幸运5官方开奖结果体彩网:Federal Reserve aggressively hiked the 澳洲幸运5官方开奖结果体彩网:federal funds 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 increase the interest rates they're willing to pay on cꦡustomer deposi♏ts.

As a result, this past fall saw historically favorable conditions for CD shoppers and anyone holding cash in a 澳洲幸运5官方开奖结果体彩网:high-yield savings or 澳洲幸运5官方开奖结果体彩网:money market account. Rates on CDs rose to an October-November peak that was the highest we've seen in two decade𒀰s.

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 currentꦉ level. It was the seventh meeting in a row in which the central bank has held its benchmark rate steady.

That's because 澳洲幸运5官方开奖结果体彩网:inflation has been cooling, allowing the Fed to stop raising interest rates and enter a "wait-and-see" mode as it looks for the right timing for a rate cut. It's al𝐆so expected the Fed will hold rates steady for one more meeting, which will conclude July 31.

But the Consumer Price Index (CPI) released on July 11 澳洲幸运5官方开奖结果体彩网:provided encouraging evidence that inflation is c😼oming further down. Compared to May's 3.3% annualized inflaꦜtion reading, June's CPI registered just 3.0%.

As a result, investors have increased their bets that a first rate cut will come in September. For the July 31 meeting, about 95% of traders still expect a rate hold. But by the Sept. 18 meeting announcement, investor bets are currently at about 96% that the Fed will have made a rate cut. Beyond that, around 57% are predicting that rates will come down even further by the Nov. 7 meeting.

While Fed officials will continue watching and waiting for additional data before making any decisions, it's possible this week's 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&nꦦbsp;for credit unions), the CD's minimum initial deposit must not exceed $25,000, and a𒉰ny 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官方开奖结果体彩网:read our full methodology.