Unlock Top CD Rates Today: Secure Up to 5.50% APY with Flexible Terms

Essential Insights

• Despite a general decline in CD yields, Nuvision Credit Union offers a standout 5.50% APY on an 8-month CD, maintaining the top spot nationwide.
• Rates for 2-year and 3-year CDs have softened, with the highest offers now around 4.55%, down from 5.00% recently.
• You can still find over 20 CDs with rates at or above 5.00%, including Spectra Credit Union’s 5.05% APY for a 14-month term.
• All CDs guarantee their advertised APY through the entire term, ensuring consistent returns over time.
• With anticipated Federal Reserve rate cuts, locking in current higher CD rates is a wise move before further declines.

Below, discover featured offers from our partners and a comprehensive ranking of the best nationwide CDs available now.

Lock in Today’s Best CD Rates Through Mid-2025

Following recent Federal Reserve rate cuts, CD rates have edged downward. However, the premier nationwide CD rate remains a robust 5.50% APY from Nuvision Credit Union for an 8-month term, locking in your earnings until June next year. Note the $5,000 maximum deposit limit on this CD, ideal for moderate savers.

Barclays offers the second-best rate at 5.10% APY for 6 months, while Spectra Credit Union leads the 1-year term with a 5.05% APY guaranteed for 14 months, extending your rate security nearly to 2026.

Longer-Term CDs Offer Stability Despite Lower Rates

State Department Federal Credit Union tops the 15-month CD category with a 4.68% APY. Although the 5.00% rates for 22- and 30-month CDs have disappeared, EFCU Financial now leads the 2-year and 3-year terms at 4.55% APY.

For extended investment horizons, NASA Federal Credit Union provides a 4.09% APY on a 4-year CD, and State Department Federal Credit Union offers 4.06% APY for 5 years. Multi-year CDs are strategic now, as further Fed rate reductions could lower future yields, but your locked-in rate remains secure.

Current CD Rates Remain Historically Competitive

Though rates have pulled back from last year’s peaks above 6%, today’s top CDs still offer historically strong returns. Over 20 institutions provide rates at or above 5.00%, a significant improvement compared to early 2022 when top CDs yielded between 0.50% and 1.70% APY.

Jumbo CDs Deliver Highest Yields Across Multiple Terms

While requiring larger deposits, jumbo CDs often provide superior rates. State Department Federal Credit Union leads jumbo CD rates in five terms, including a 4.89% APY for 15 months and 4.27% APY for both 4- and 5-year terms, outperforming standard CDs.

Outlook: How Will CD Rates Trend in 2024?

After the Federal Reserve’s first rate cut since 2020—a decisive 0.50% reduction—future adjustments will depend on economic data. Fed Chair Jerome Powell indicated rate changes will be data-driven, with potential for faster or slower cuts based on economic performance.

Given this uncertainty, current CD rates could represent the best opportunities for some time. Securing a high-yield CD now is a prudent financial strategy.

Daily Updated Rankings of Top CDs and Savings Accounts

We refresh our rankings every business day to present the best available deposit rates, including 3-month through 5-year CDs, high-yield savings, and money market accounts.

Important Considerations

Our listed "top rates" reflect the highest nationally available APYs identified through extensive daily research of hundreds of banks and credit unions. These rates far exceed national averages, which are lowered by many institutions offering minimal interest.

Methodology for Selecting Best CD Rates

We analyze data from over 200 federally insured banks and credit unions nationwide, focusing on CDs with initial deposits up to $25,000 and minimum maximum deposits of $5,000. Institutions must operate in at least 40 states, and credit unions with high membership donation requirements are excluded. Our approach ensures you access the most competitive and accessible CD rates.

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