Today’s top national rates for certificates of deposit (CDs) are largely unchanged except for one jumbo CD rate (for 6-month periods). For standard CDs, the top rate remains 5.50% APY on any term from 3 months to 10 years, with a minimum deposit of $500, for certificate periods of 24-35 months from Credit Human, a nationwide credit union. can be acquired.
Today’s top-paying CD from a Nationwide bank is 5.25% APY, offered by Forbright Bank on terms of 12-17 months with a $1,000 minimum deposit.
The best you can get today is 5.25% APY on nationally available Jumbo CDs from Air Force Federal Credit Union over 18-month terms with deposits of at least $100,000. But the best 6-month CD rate rose to 4.49% today from 4.25% yesterday. You can access it from My eBank. (As is often the case, savers with that level of funds are better served shopping for rates on all CDs, not just jumbo certificates, since the best rates are usually found on standard certificates.)
Although the Federal Reserve meets next week (March 21-22), and there were expectations that it would raise the federal funds rate by 0.25 to 0.50 percentage points to continue its flight against inflation, high-profile bank failures occurred on Friday. Will definitely give Fed pause. Market watchers are now evenly divided whether the Fed will raise rates by only a quarter point next Wednesday or not at all.
|cd duration||tomorrow’s top national rate||Today’s Top National Rates||Day’s Change (Percentage Points)|
|3 months||4.85% APY||4.85% APY||no change|
|6 months||5.00% APY||5.00% APY||no change|
|1 year||5.25% APY||5.25% APY||no change|
|18 months||5.25% APY||5.25% APY||no change|
|2 years||5.50% APY||5.50% APY||no change|
|3 years||5.50% APY||5.50% APY||no change|
|4 years||5.00% APY||5.00% APY||no change|
|5 years||5.00% APY||5.00% APY||no change|
|10 years||4.30% APY||4.30% APY||no change|
|cd duration||Today’s Top National Bank Rates||Today’s Top National Credit Union Rates||Today’s Top National Jumbo Rates|
|3 months||4.75% APY||4.85% APY||3.80% APY|
|6 months||5.00% APY||5.00% APY||4.49% APY|
|1 year||5.25% APY||5.00% APY||5.00% APY|
|18 months||5.00% APY||5.25% APY||5.25% APY|
|2 years||4.75% APY||5.50% APY||4.70% APY|
|3 years||4.60% APY||5.50% APY||4.80% APY|
|4 years||4.65% APY||5.00% APY||4.85% APY|
|5 years||4.70% APY||5.00% APY||5.05% APY|
|10 years||4.10% APY||4.30% APY||None|
Note that the “top rates” quoted here are the highest nationally available rates Investopedia has identified in its daily rate research at hundreds of banks and credit unions. This is very different from the national average, which includes all banks offering a CD with that term, including several large banks that pay little to nothing in interest. Thus, the national average is always significantly lower, while the top rates you can find when shopping are often 5, 10 or even 15 times higher.
Rate Collection Method Disclosure
Every business day, Investopedia tracks rate data from more than 200 banks and credit unions that offer CDs to customers nationwide, and determines daily rankings of the top-paying certificates in each major period. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the 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 make a donation to a specific charity or union in order to become a member, if you don’t meet other eligibility criteria (for example, you don’t live in a certain area or have a special type of job), we exclude credit unions whose donation requirement is $40 or more. Read our full methodology for more information on how we choose the best rates.