With another day comes another installment of great news for CD shoppers: Instead of only being able to earn the nation-leading CD rate of 5.75% APY for a 9-month term, you can now lock up that record return for 15 months.
Today’s new co-leader at 5.75% APY comes from Citizens State Bank, available with a $10,000 minimum deposit. But don’t sweat it if that entry point is too high for your budget. Our daily ranking of the best CDs offers dozens of other options paying top-tier rates with low minimum deposit requirements.
- The highest national rate across all CD terms is now available on two CDs, paying 5.75% APY, one with a 9-month term from Andrews Federal Credit Union, the other with a 15-month term from Citizens State Bank.
- The longest duration for which you can earn at least 5.00% APY is 36 months, for a CD with 5.13% APY. If you have a jumbo-sized deposit, however, you can stretch that to four years and earn 5.12% APY.
- The Federal Reserve raised the federal funds rate to a 22-year-high last week. Though many banks and credit unions boosted their CD rates ahead of the move, others could still push rates higher in coming weeks.
Today we are raising the bar on our daily count of elite CDs that pay at or above a high threshold rate that we monitor. After moving our original benchmark from 5.25% up to 5.35% APY on June 23, the strong and steady improvement in nationwide CD rates has now overstuffed that tier, with almost 40 options paying at least 5.35% APY. Our new definition of “Benchmark Leaders” is CDs paying 5.50% APY or better, of which there are 15 today.
To help you earn as much as possible, here are the top CD rates available from our partners, followed by more information on the best-paying CDs that are available to U.S. customers everywhere.
If you’re looking for a top rate but want to extend it longer than the 15 months available at the current market-leading rate, you can still earn nearly that—5.70%—for 18 months with USAlliance Financial.
Still not long enough? You have a few options for beating the very good rate of 5.00% for an extended time period. A rate of 5.25% is available on a 30-month certificate, or you can earn 5.13% for 36 months. If you happen to have a deposit of at least $100,000, you can stretch that horizon to four years with a 5.12% APY jumbo CD.