The best CD rate is still 5.70% APY, available from on a 9-month term. This nation-leading CD rate is holding strong for a third day, but the next top CD rate is now 5.65% 𝓰from for a 15-month offer. ranked second yesterday but is now in fourth. If those rates and terms don't work for you, consider the th꧑ird best CD rate today: 5.64% on a 13-month term from .

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

Top CD Rates Are St꧋il🐻l Very High—But for How Long?

澳洲幸运5官方开奖结果体彩网:Certificate of deposit (CD) rates have been softe꧋ning since they climbed to a record of 6.50% in October 2023. In November, we saw the total number of nationwide CDs paying at least 5.75% APY surge to a peꦍak of 18. We began tracking that count in September. Sadly, there are now zero nationwide CDs paying 5.75%.

Still, the top CD rates today are high, ranging from 4.82% to 5.70%, and they could be worth taking advantage of before the 澳洲幸运5官方开奖结果体彩网:Federal Reserve decides to lower rates. While we don't know exactly when the Fed will reduce the federal funds rate, the Fed's Dec. 13 dot plot showed a median prediction among committee members of three rate cuts in 2024, for a total reduction of 0.75%.

After the top CD rate of 5.70%, another seven offers pay 5.55% or more on terms ranging from 3 months to 澳洲幸运5官方开奖结果体彩网:15 months. An𝐆d long-term CDs are also a smart buy right now since they can help you lock in a high rate over two to five years—a timeframe in which rates could 🤪greatly decline.

The top-paying 澳洲幸运5官方开奖结果体彩网:2-year certificate offers 5.39% APY, while you can earn 5.23% on a 3-year CD. The best CD rates for 4-year and 5-year CDs are below the 5% mark, but you can still lock in a long-lasting rate as high as 4.89%ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ APY.

While the yields on these longer certificates are lower than certificates with shorter terms, securing one of these returns today means you'll be able to enjoy it until 2026—or even as long as 2029—when rates on 澳洲幸运5官方开奖结果体彩网:high-yield savings accounts and new CDs will have likely fallen.

Top Bank, Credit Union, and Jumbo CD Rates🦋 Today

While the best jumbo CD rate today is stꦜill 5.65% APY on 17 months, available from , you can earn that same rate with a standard 15-month CD. For 3-, 4-, and 5-year CDs, the jumbo 🌌rates are higher than the standard CD offer.

澳洲幸运5官方开奖结果体彩网:Jumbo CD rates do not always pay a higher return than standard certificates. Someꦅtimes you can do just as well—or better—with a standard CD. That's currently the case in five of the eight terms below, so it's smart to shop both certificate types before makin꧋g a final decision.

Where Are CD Rates Headed This Year?

The Federal Reserve opted to 澳洲幸运5官方开奖结果体彩网:hold rates steady at a 22-year high last month, the third meeting in a row it's done so. The Fed has been aggressively combating decades-high inflation since March 2022, raising the 澳洲幸运5官方开奖结果体彩网:federal funds rate with ♛fast and furious hikes that year and then more moderate increases in 2023.

This has created historically favorable conditions for CD shoppers, as well as for 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.

Though inflation has cooled significantly from its peak, Fed Chair Jerome Powell has made it clear that the rate-setting committee has not taken future rate hikes off the table—and won't do so until they feel assured inflation is moving sustainably lower. Still, as mentioned above, the median prediction among committee members is three rate cuts in 2024, for a total reduction of 0.75%.

However, minutes released from the Fed's Dec. 13 meeting revealed that there is 澳洲幸运5官方开奖结果体彩网:much uncertainty among Fed members on the best timing for lowering rates. And that has been further complicated with two releases of new data. First, the most recent jobs report showed a 澳洲幸运5官方开奖结果体彩网:hotter-than-expected labor market. Then, last week's inflation report showed an unwelcome 澳洲幸运5官方开奖结果体彩网:acceleration in December. Both of these developments could make it ꦦharder for the Fed t🍸o pull the trigger on the first rate cut.

The central bank's decisions on the federal funds rates have significant implications for CD shoppers and other savers, as banks and 澳洲幸运5官方开奖结果体彩网:credit unions base their deposit rate decisions on the Fed's benchmark rate. As we always caution, trying to predict the Fed's future moves is an uncertain exercise. But for now, it seems CD rates are likely to continue edging down from their record peaks.

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), and the𓆉 CD'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.