Unlock Top CD Rates This Weekend: Secure Up to 5.50% Before They Disappear!

Essential Highlights

• Even after the Fed's recent rate reduction, leading nationwide CD rates have remained stable or increased in select terms.
• New entries like PonceBankDirect have boosted the top 3-month and 2-year CD rates, offering 5.10% and 4.30% respectively.
• Nuvision Credit Union offers the highest rate at 5.50% APY with an 8-month term, guaranteeing returns through July.
• Additional CDs with terms ranging from 3 months to multiple years offer yields of 5.00% or higher, allowing you to lock in competitive rates through 2029.
• With anticipated further Fed rate cuts this year and into 2025, securing your preferred CD rate now is crucial before rates decline.

Current CD Rates Defy Expectations

Contrary to expectations following the Federal Reserve’s recent quarter-point rate cut, top CD rates nationwide have held firm or even increased. This resilience is partly due to banks and credit unions preemptively adjusting rates ahead of official announcements.

For example, the leading 1-year CD rate stands at 5.00%, with numerous options offering similar or better yields for shorter terms. Nuvision Credit Union leads with an 8-month CD at 5.50% APY, ensuring a lucrative return if opened this weekend.

Additionally, PonceBankDirect’s introduction into our rankings has pushed the 3-month CD rate to 5.10% and the 2-year rate to 4.30%, providing fresh opportunities for savers.

Forecast: What’s Next for CD Rates?

Market analysts predict further Fed rate reductions, likely causing CD rates to decline soon. Approximately two-thirds of traders expect an additional 0.25% cut at the December Fed meeting, which will pressure deposit rates downward.

Given that financial institutions often adjust rates in anticipation, top CD offers may disappear quickly. To maximize returns, consider locking in longer-term CDs now—2-year or longer terms can secure attractive rates through 2026 and beyond.

Pro Tip

Take advantage of online applications available over the weekend. While processing occurs on business days, submitting your application outside of work hours can simplify the process and help you act swiftly.

Daily Updated Rankings

We continuously monitor and update the best rates for:

• 3-Month CDs
• 6-Month CDs
• 1-Year CDs
• 18-Month CDs
• 2-Year CDs
• 3-Year CDs
• 4-Year CDs
• 5-Year CDs
• High-Yield Savings Accounts
• Money Market Accounts

Important Note

The “top rates” highlighted are the highest nationally available yields identified through comprehensive daily research of over 200 federally insured banks and credit unions. These rates significantly outpace national averages, which often include low-yield offerings from large banks.

Our Methodology

We rigorously track rates from FDIC- and NCUA-insured institutions nationwide, requiring minimum deposits under $25,000 and no restrictive maximums below $5,000. Banks must serve at least 40 states, and credit unions with high donation requirements are excluded to ensure accessibility. Learn more about our selection process in our detailed methodology.

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