Our list of record leaders continues to grow: Investopedia’s daily ranking of the best CD prices now includes seven additional options that pay as little as 5.50% APY. This brings us to 37 certifications in this elite category, which is more than double the number since the beginning of August.
What’s more, a new competitor offers the nation’s highest rate of 5.75%, giving you three different ways to earn that record return. BluPeak Credit Union The 9-month CD is the latest addition and accession Credit union aboundThe CD of 10 months and Maple Mark BankShow for 12 months in first place.
- The leading rate among top CDs nationwide is still 5.75%, but now with the addition of a third option, all of which range from nine to 12 month terms.
- Our list of leading companies in the index – those offering 5.50% or more – has increased to 37 companies, from 30 companies the day before, and 15 companies at the beginning of August.
- For those who can manage a hefty CD deposit of at least $100,000, the nation’s top CD rate is a little better, at 5.85%.
- Loan rates could still rise even higher: Federal Reserve Chairman Jerome Powell confirmed that the Fed may raise the benchmark interest rate again if inflation does not subside enough in the coming months.
To help you earn as much as possible, below are the highest-grossing CD prices available from our partners, followed by more information about the best-grossing CDs available to US customers everywhere.
Are you looking to secure one of today’s record rates for over 2 years? You can get 5.13% APY from the credit union leading best rated 3 year CDs, or 5.00% from one of the 3 bank CDs in that term. But if you can manage a deposit of at least $100,000, you can extend your term to four years with a hefty APY certificate of 5.12%.
Advice for CD shoppers
If you think you need to commit to a bank CD because joining a credit union is too much of a hassle, think again. The credit unions that we include in our rankings are open to anyone nationwide and easy to join. Although some require a donation to an affiliated nonprofit organization, the amount required is generally modest, and some require no donation or cost at all. The process for opening an account with a credit union is also the same as for opening an account with a new bank.