Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.
The best CD rates have been drifting lower since the Federal Reserve cut its benchmark interest rate in September and November. And last week's additional reduction will likely fuel the CD rate decline. But for now, CD shoppers can enjoy 4.75% or more on 10 offers—plus some surprises in longer-term guarantees.
You can still lock in a 5.50% rate until August with Nuvision Credit Union's 8-month CD. Currently, Nuvision states that its offer is available through Dec. 31, but the credit union is free to change or retract its offer at any time.
Nuvision's CD does have a downside for some CD shoppers. Since it stipulates a maximum deposit of $5,000, you may do better with a runner-up CD if you want to sock away more than that amount. Leading next-best offers include two CDs paying 4.85%: PonceBank Direct for 3 months or Tampa Bay Federal Credit Union for 9 months.
Alternatively, Signature Federal Credit Union is paying 4.65% for 13 months, which means you could hold onto that guaranteed return until January 2026.
| CD Terms | Friday's Top National Rate | Today's Top National Rate | Day's Change (percentage points) | Top Rate Provider |
| 3 months | 4.85% | 4.85% | No change | PonceBankDirect |
| 6 months | 5.50% | 5.50% | No change | Nuvision Credit Union |
| 1 year | 4.65% | 4.65% | No change | Signature Federal Credit Union |
| 18 months | 4.50% | 4.50% | No change | XCEL Federal Credit Union and Credit Human |
| 2 years | 4.40% | 4.40% | No change | Credit Human |
| 3 years | 4.35% | 4.35% | No change | Credit Human |
| 4 years | 4.20% | 4.20% | No change | Popular Direct |
| 5 years | 4.25% | 4.25% | No change | Popular Direct |
Among CDs that will lock your return into 2026, two good options are XCEL Federal Credit Union's or Credit Human's 18-month certificates, each paying 4.50% APY. Meanwhile, the top APY on a 2-year certificate is 4.40%, available from Credit Human.
Want an even longer rate lock? Credit Human offers the top 3-year return of 4.35%. In addition, Popular Direct pays the highest 4-year and 5-year rates, of 4.20% and 4.25%, respectively.
Long-term CDs are likely smart right now, given the prospect of continued Fed rate cuts. The central bank has so far lowered the federal funds rate by a full percentage point this fall, and further cuts in 2025 are expected. While any interest-rate reductions from the Fed will push bank APYs lower, a CD rate you secure now will be yours to enjoy until it matures.
It's true that CD rates are no longer at their peak. But despite the pullback, the best CDs still offer a stellar return. October 2023 saw the best CD rates push above 6%, while today the leading rate is down to 5.50%. Compare that to early 2022, before the Federal Reserve embarked on its fast-and-furious rate-hike campaign. The most you could earn from the very best CDs in the country ranged from just 0.50% to 1.70% APY, depending on the term.
Jumbo CDs require much larger deposits, but they don't always offer higher rates. Right now, the best jumbo CDs lead in just one of the eight terms we track. You can now earn more in the 1-year term with a 4.85% jumbo certificate from GTE Financial.
| CD Term | Today's Top National Bank Rate | Today's Top National Credit Union Rate | Today's Top National Jumbo Rate |
| 3 months | 4.85%* | 4.55% | 4.11% |
| 6 months | 4.75% | 5.50%* | 4.85% |
| 1 year | 4.50% | 4.65% | 4.85%* |
| 18 months | 4.35% | 4.50%* | 4.49% |
| 2 years | 4.25% | 4.40%* | 4.35% |
| 3 years | 4.25% | 4.35%* | 4.13% |
| 4 years | 4.20%* | 4.11% | 4.07% |
| 5 years | 4.25%* | 4.20% | 4.02% |
Last week, the Federal Reserve announced a third cut in as many meetings to the federal funds rate, reducing it by another 0.25 percentage points. That follows a bolder 0.50-point decrease in September and a quarter-point reduction in November.
All of this represents a pivot from the Fed's historic 2022-2023 rate-hike campaign, in which the committee aggressively raised interest rates to combat decades-high inflation. At its 2023 peak, the federal funds rate climbed to its highest level since 2001—and remained there for 14 months.
Now that inflation has cooled—and if the trend continues—it's expected the Fed will continue to lower interest rates. According to the central bank's "dot plot" forecast released yesterday, Fed committee members currently predict they will reduce interest rates another 0.50 percentage points in 2025, and then another half-point in 2026.
Fed rate moves are significant to savers, as reductions to the fed funds rate push down what banks and credit unions are willing to pay consumers for their deposits. As a result, it currently seems likely that CD rates, as well as savings account rates, are in for a slow decline over the next two years.
Time will tell what exactly happens to the federal funds rate in 2025 and 2026. But with three Fed rate cuts already in the books, the CD rates available now are probably the best you'll see for some time. That makes now a smart time to lock in the best rate that suits your financial timeline.
We update these rankings every business day to give you the best deposit rates available:
Best 3-Month CD Rates
Best 6-Month CD Rates
Best 1-Year CD Rates
Best 18-Month CD Rates
Best 2-Year CD Rates
Best 3-Year CD Rates
Best 4-year CD Rates
Best 5-Year CD Rates
Best High-Yield Savings Accounts
Best Money Market Accounts
Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often 5, 10, or even 15 times higher.
Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD's minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000.
Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.
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