Unlock Top CD Rates Today with High Returns and Stability

Note: In observance of Veterans Day, daily CD rate updates will pause on Monday, Nov. 11, and resume on Tuesday, Nov. 12.

Essential Insights

• Leading CD rates remain stable, featuring a top 5.50% APY for an 8-month term at Nuvision Credit Union.
• Over a dozen CDs offer rates at or above 5.00%, including a 1-year option at Apple Federal Credit Union guaranteeing returns until next November.
• Locking in a CD rate protects your earnings from market fluctuations, unlike savings accounts which can see rate drops anytime.
• With anticipated Fed rate reductions, securing longer-term CDs with rates between 4.00% and 4.65% through 2029 is a strategic move.
• Act promptly to benefit from these top CD rates before they adjust.

Featured below are the best rates from our partners and a comprehensive ranking of nationwide top CDs.

Secure 5.50% APY Until Mid-2025 or 5.00% Until Next November

Despite the Federal Reserve's recent rate cut, premier CD rates have held firm. Nuvision Credit Union offers a leading 5.50% APY on an 8-month CD, ideal for saving until summer. For deposits exceeding $5,000, Newtek Bank's 6-month CD at 5.25% or Apple Federal Credit Union's 12-month CD at 5.00% provide excellent alternatives.

Multi-Year CDs Offer Extended Rate Guarantees

Top 2-year CDs yield 4.30% APY at PonceBankDirect, while 3-year terms maintain 4.10% at Customers Bank and Heartland Credit Union. For longer horizons, NASA Federal Credit Union leads the 4-year term at 4.09%, and several institutions offer 5-year CDs at 4.00%, securing your rate through 2029.

With the Federal Reserve signaling further rate cuts, locking in multi-year CDs now ensures stable, attractive returns amid potential declines.

Historically High Returns Persist Despite Rate Pullbacks

Although CD rates have eased from last year's peaks above 6%, current top rates remain historically robust. Twelve institutions continue to offer 5.00% or higher, a significant increase compared to early 2022's sub-2% rates.

Jumbo CDs Offer Select Higher Yields

Jumbo CDs, requiring larger deposits, outperform standard CDs in select terms. For example, 2-year jumbo CDs at Veridian and Quorum Federal Credit Unions offer 4.35%, surpassing the standard 4.30%. Similarly, Heartland Credit Union's 3-year jumbo CD pays 4.15%, edging out the 4.10% standard rate.

Forecast: CD Rates May Decline as Fed Cuts Continue

The Federal Reserve's recent 0.25% rate reduction follows a prior 0.50% cut, marking a shift from aggressive hikes aimed at curbing inflation. With inflation easing, further cuts are expected, potentially lowering CD and savings account rates through 2025.

Given this outlook, locking in current CD rates offers a valuable opportunity to maximize returns before rates potentially fall.

Daily Updated Rankings for Best CDs and Savings

We provide daily rankings for top deposit products including 3-month to 5-year CDs, high-yield savings, and money market accounts to help you find the best rates.

Selection Criteria

Our top rates reflect the highest nationally available offers from federally insured banks and credit unions, excluding those with high membership fees or restrictive conditions. Minimum deposits do not exceed $25,000, ensuring accessibility.

For full details on our methodology, visit our comprehensive guide.

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