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

Lock In 5.50% Until July—Or 5.00% U🔯ntil Noveꦍmber 2025

CD rates have generally been declining since the 澳洲幸运5官方开奖结果体彩网:Federal Reserve cut its benchmark interestﷺ rate twice in the past two months. And the best CꦉD rates saw one minor casualty today. The leading 3-month rate fell to 5.00%, down from 5.10% yesterday.

But the leading rate in all of the other seven terms held their ground. That includes the nation-leading offer of 5.50% from 澳洲幸运5官方开奖结果体彩网:Nuvision Credit Union. Its 8-month term offers a rate guarantee until m🍰id-July next year—provided you don't mind a max🎃imum deposit limit of $5,000.

If you're looking to sock away more than $5,000, a runner-up CD may be a better choice for you. 澳洲幸运5官方开奖结果体彩网:Newtek Bank is offering 5.25% on a 6-month rate lock. Or, you might prefer 澳洲幸运5官方开奖结果体彩网:Apple Federal Credit Union's 12-month CD, which guarantees a 5.00% return until November next year. Five additional options in our ranking of 澳洲幸运5官方开奖结果体彩网:the best nationwide CDs pay rates of at least 5.00%.

Long-Term CDs Stretch Your Rate Guღarantee Further

Among CDs that will lock your rate into 2026, the highest APY you can earn is 4.65%. That's available for 15 months from 澳洲幸运5官方开奖结果体彩网:FedChoice Federal Credit Union. Meanwhile, the top APYs on certificates ranging from 2 to 5 years are all offered by 澳洲幸运5官方开奖结果体彩网:Dow Credit Union with rates of൩ 4🥃.30% to 4.35%. A 5-year CD would guarantee today's rate until almost 2030.

Multi-year CDs are very smart right now, given the prospect of continued Fed rate cuts. The central bank lowered the 澳洲幸运5官方开奖结果体彩网:federal funds rate another quarter-point last week, and a further reduction is possible in December, with additional cutಞs likely in 2025. While any future reductions from the F𒐪ed will push CD rates lower, a CD rate you secure now will be yours to enjoy until it matures.

Today's Best CDs Still Pay Stellar Returns

It's true that CD rates are no longer at their peak. But despite the pullback, they're still paying historically high returns. Last October saw the best CD rates push above 6%, while today the leading rate is down to 5.50%. Still, eight banks and credit unions continue to offer rates of 澳洲幸运5官方开奖结果体彩网:5.00% or better.

Compare that to early 2022, before the Federal Reserve embarked on its fast-and-furious rate-hike campaign. The most you could earn from the very best CDs in the country ranged from just 0.50% to 1.70% APY, depending on the term.

Best Jumbo CDs Out-Pay Sta💫ndard✤ CDs in Only One Term

Jumbo CDs require much larger deposits, but they don't always offer higher rates. Right now, the 澳洲幸运5官方开奖结果体彩网:best jumbo CDs lead in just one of the eight terms we track. Among 2-year CDs, you can earn a higher 4.35% with a jumbo CD from 澳洲幸运5官方开奖结果体彩网:Quorum Federal Credit Union than you can wi🧜th the top standard rate of 4.30%.

Where Are CD Rates Headed?

Last week, the 澳洲幸运5官方开奖结果体彩网:Federal Reserve announced another cut to the federal funds rate, reducing it by 0.25 percentage points. That follows a bolder 0.50-point decrease in September, which kicked off the central bank's new phase of rate reductions.

All of this represents a pivot from the Fed's historic 2022-2023 rate-hike campaign, in which the committee aggressively raised interest rates to combat decades-high 澳洲幸运5官方开奖结果体彩网:inflation. At its 2023 peak, the 澳洲幸运5官方开奖结果体彩网:federal funds rate climbed to its highest level since 2001—and remained there for 14 months.

Now that inflation has cooled, and if the trend continues, it's expected the Fed will continue to lower interest rates. According to the 澳洲幸运5官方开奖结果体彩网:CME Group's FedWatch Tool, nearly 60% of interest rate traders predict the central bank will reduce rates by another 0.25 percentage points at its December meeting.

Fed rate moves are significant to savers, as reductions to the fed funds rate push down what banks and creditไ unions are willing to pay consumers for their deposits. As a result, it currently seems likely that🍰 CD rates, as well as savings account rates, are in for a long and slow decline into 2025—and perhaps beyond.

Time will tell what exactly happens to the federal funds rate in the coming months and year. But with a couple of Fed rate cuts already in the books, the CD rates available now are probably the best you'll see for some time. So locking in as soon as possible is a smart financial move.

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&🃏nbsp;for credit unions), the CD's minimum initial deposit must not exceed $2♔5,000, 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官方开奖结果体彩网:read our full methodology.