Terms of one to five years or longer can help you lock in today’s highest APYs before interest rates inch lower. Rate of return. Look for the highest APY for the term you’re interested in. The APY is the amount of interest the CD earns in a...
Top CD rates of December 2024 Sallie Mae certificates of deposit CD APY 12 month 4.10% CD APY 36 month 3.60% Minimum deposit requirement $2,500 Why it’s the best Sallie Mae has among the highest interest rates and customer satisfaction scores we found. Its current top rate is ...
The amount you will earn depends on your CD rate. To calculate this yourself, multiply the amount you plan to deposit by the APY that the CD offers. What is a good CD rate? A good CD rate in 2024 is about 4.50% or higher for a 1-year term. Some of the ...
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 rate.
The best CD rates today are above 5% for one-year terms and above 4% for three- to five-year terms. CDs provide a boost to savings, with certain limits: You agree to lock up a fixed sum for a set period, typically between three months to five years and in exchange, you get a ...
According to the FDIC, the average 12-month CD rate today is 1.88%. However, many banks currently offer rates of 4%–5%, especially for terms under two years. This allows them to attract new customers with high rates, without allowing them to lock in that rate for an extended period of...
The amount you will earn depends on your CD rate. To calculate this yourself, multiply the amount you plan to deposit by the APY that the CD offers. What is a good CD rate? A good CD rate in 2024 is about 4.50% or higher for a 1-year...
Today’s CD rates by term3-month CD ratesIf you’re looking for high returns and flexibility, a 3-month CD might be right for you. The current average for a 3-month CD is 1.34%, and the highest available rate is 5.30%. Last week, the average 3-month CD interest rate was 1.34%,...
The best CD rates across terms held steady today. CD rates have generally been declining since theFederal Reservecut its benchmark interest rate last month. But you can still grab the5.50% leading offerfor an 8-month guarantee fromNuvision Credit Union—provided you don't mind a maximu...
you could earn at least a few hundred dollars, depending on the interest rate. For example, with an APY of 4.65%, you'd get $465 in interest after one year. CD rates can change, so locking in a high interest rate today could guarantee you the maximum earnings, especially if CD rates...