The upward march of CD rates shows no signs of letting up. With yet another option joining our ranks today of CDs paying 5.50% APY or higher, we’re now up to 38 CDs paying at least that benchmark rate. That’s a gain of 10 in just the past week, and almost two dozen since the start of August.
The highest nationwide rate continues to be 5.75% APY, offered by three different institutions: BluPeak Credit Union for 9 months, Abound Credit Union for 10 months, and MapleMark Bank for 12 months. If you have a jumbo-sized deposit of $100,000 or more, the top available rate rises to 5.85% APY, from One American Bank on a 170-day term.
- Our list of CDs paying at least 5.50% APY climbed to 38 today, from 28 one week ago and 15 at the start of August.
- The leading rate among the best nationwide CDs is still 5.75%, available on three different options ranging from terms of nine to 12 months.
- If you can manage a jumbo CD deposit of at least $100,000, the highest nationwide CD rate is a bit better, at 5.85% APY.
- If you want a longer term, you can earn up to 5.13% APY on the top 3-year CD.
- It’s still possible that CD rates could go even higher: Federal Reserve Chair Jerome Powell confirmed the Fed could raise its benchmark interest rate again if inflation does not cool down enough in the coming months.
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.
Looking to secure one of today’s record rates for longer than two years? You can score 5.13% APY from the leader of our best 3-year CDs ranking, or 5.00% from one of four other contenders in that term. But if you can manage a deposit of at least $100,000, you can stretch your term to four years with a 5.12% APY jumbo certificate.
CD SHOPPER TIP
If you’re thinking you need to stick with a bank CD because becoming a credit union member is too much trouble, think again. The credit unions we include in our rankings are open to anyone nationwide and are easy to join. Though some require a donation to an affiliated nonprofit organization, the required amount is generally modest, and some require no donation or cost at all. The process for opening an account at a credit union is also the same as opening an account at a new bank.