what is good interest rate for cd

what is good interest rate for cd You can find rates far higher than the national averages of 1 81 for one year terms and 1 39 for five year terms The Federal Reserve has raised its rate multiple times since March 2022

Find the best CD rates by comparing national and local rates Bankrate compares thousands of financial institutions to make it easy for you to apply for the best certificate of deposit What Is a Good CD Rate While average CD rates remain modest good rates tend to be at least two to three times higher In November 2023 this means a 12 month CD paying 3 52 to

what is good interest rate for cd

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The best rate on today s jumbo CDs is 5 68 for a 6 month term The average APY for this category of CD is currently 1 67 compared to 1 68 last week Most jumbo CDs require a minimum deposit The best CD rate from a nationally available institution is currently 5 60 APY available from Northern Bank Direct for 12 months That s more than three times the FDIC s national average rate

High yield CD rates today can be several times the national average of 1 39 APY for five year terms and the national average of 1 81 APY for one year terms Unlike regular savings Rates featured on this page are far above the national average of 1 81 APY for one year CDs These rates apply to 12 month CDs starting when you open and fund them Here s a list of our picks

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The Best CD Rates by Term Many of the best CD rates are offered by credit unions right now But don t worry anyone is eligible to join these credit unions and open CDs Compare the Best A certificate of deposit CD is a time deposit account A bank agrees to pay interest at a certain rate if savers deposit their cash for a set term or period of time Find current CD rates

The best CD rates of April 2024 Earn up to 5 45 APY The best CD rates today rival those of high yield savings and you can lock yours in Updated Mon Apr 1 2024 Elizabeth Gravier Editor s First Internet Bank of Indiana 4 55 1 42 1 246 Note Annual percentage yields APYs shown are as of April 17 2024 APYs for some products may vary by region N A Not available Bankrate

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what is good interest rate for cd - The best CD rate from a nationally available institution is currently 5 60 APY available from Northern Bank Direct for 12 months That s more than three times the FDIC s national average rate