Nuvision Credit Union offers an impressive 5.50% APY for an 8-month term with a minimum deposit of ,000. Alabama Credit Union provides a 5.00% APY for a 7-month term and requires a ,000 minimum deposit. SouthEast Bank has a 4.89% APY for a 6-month term with a ,000 minimum.
This shows the variety of options available in the short-term CD market. Each institution has its own terms and conditions, allowing customers to choose based on their financial goals and preferences.
Apple Federal Credit Union stands out with a 5.00% APY for a 12-month term and a minimum deposit of 0. Signature Federal Credit Union offers a 4.65% APY for a 13-month term with a 0 minimum. Dow Credit Union also provides a 4.60% APY for a 13-month term and has a 0 minimum.
These options give you the opportunity to earn a decent return on your investment over a one-year period. It's important to consider the terms and minimum deposits when choosing the right CD for you.
XCEL Federal Credit Union offers a 4.50% APY for an 18-month term with a 0 minimum. All In Credit Union provides a 4.44% APY for an 18-month term and requires a ,000 minimum. Signature Federal Credit Union also has a 4.40% APY for an 18-month term with a 0 minimum.
The 18-month CD term provides a balance between short-term and long-term investments. It allows you to earn a relatively stable return while still having some flexibility.
Credit Human offers a 4.30% APY for a 18-23 month term with a 0 minimum. First National Bank of America provides a 4.29% APY for a 24-month term and requires a ,000 minimum. Genisys Credit Union has a 4.27% APY for a 25-month term with a 0 minimum.
A 2-year CD can be a great option for those looking for a longer-term investment with a relatively stable return. It allows you to lock in a rate and enjoy the benefits over an extended period.
Credit Human offers a 4.25% APY for a 24-35 month term with a 0 minimum. Popular Direct provides a 4.25% APY for a 36-month term and requires a ,000 minimum. Merrick Bank has a 4.15% APY for a 36-month term and a ,000 minimum.
The 3-year CD term offers a longer investment horizon and potentially higher returns. It's important to consider your financial situation and goals when choosing a 3-year CD.
Popular Direct offers a 4.15% APY for a 48-month term with a ,000 minimum. Credit Human provides a 4.11% APY for a 36-59 month term with a 0 minimum. NASA Federal Credit Union has a 4.09% APY for a 49-month term and requires a ,000 minimum.
The 4-year CD term allows you to lock in a rate for an extended period and benefit from potential interest rate stability.
Popular Direct offers a 4.25% APY for a 60-month term with a ,000 minimum. Credit Human provides a 4.11% APY for a 36-59 month term with a 0 minimum. Merrick Bank has a 4.05% APY for a 60-month term and requires a ,000 minimum.
The 5-year CD term provides the longest investment horizon and potentially the highest returns. It's a suitable option for those with a long-term investment strategy.
In theory, jumbo CDs (requiring a deposit of at least ,000) can offer higher rates than standard CDs. However, not all banks and credit unions offer jumbo CDs, and the rate competition in the standard CD market is often stiffer. Currently, you can earn more with the best jumbo certificates in only the 18-month and 2-year terms. For other CD durations, a conventional certificate may offer a better rate.
It's important to consider your financial situation and goals when deciding whether to invest in a jumbo CD or a standard CD.
CD offers can be withdrawn at any time, and with the expected further interest rate cuts from the Federal Reserve, the 5% CD rates we've been enjoying are likely to disappear. According to the CME Group's FedWatch Tool, traders are pricing in an 85% chance of a quarter-point cut on Dec. 18 and an 80% likelihood of at least two further cuts in 2025. This will put downward pressure on CD rates and savings account rates.
It's wise to act quickly on available CD offers as you may not have another chance to lock in a favorable rate. Consider the longest CD term you can manage to secure a stellar return for an extended period.
With online banking, you can apply for these CDs on the weekend, which can be more convenient than during the week. Although your application may not be processed immediately, the bank or credit union will have it ready on Monday morning, allowing you to avoid the busy work or school hours.
Online banking provides flexibility and convenience, making it easier to manage your CD investments.
We update these rankings every business day to provide you with the best deposit rates available. The rankings include Best 3-Month CD Rates, Best 1-Year CD Rates, Best 18-Month CD Rates, Best 2-Year CD Rates, Best 4-year CD Rates, Best 5-Year CD Rates, Best High-Yield Savings Accounts, and Best Money Market Accounts.
These rankings help you stay informed about the latest rates and make informed decisions about your savings and investment options.
Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts nationwide. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account's minimum initial deposit must not exceed ,000. It also cannot specify a maximum deposit amount below ,000.
Banks must be available in at least 40 states to be considered nationally available. We also exclude credit unions with a donation requirement of or more. For more information on our methodology, read our full article.
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