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For a second time this week, we have a bigger-and-better top CD rate, boosting the country’s best rate across all CD terms to a record 5.75% APY.
The new market leader is INOVA Federal Credit Union, which is offering its 5.75% APY on a 14-month certificate. It displaces previous leader USAlliance Financial, which was crowned just this last Tuesday after unveiling a rate of 5.70% APY for an 18-month term.
- The highest nationwide rate in any CD term rose to 5.75% APY today, available for 14 months.
- A slightly longer term of 18 months can still earn 5.70% with the previous leading CD.
- You can now earn 5.35% APY or more with 28 options in our daily ranking of the best CDs, up from 27 yesterday.
- The longest term paying at least 5.00% APY is 3 years at 5.13% APY, or 4 years at 5.12% APY if you can deposit at least $100,000.
- Because the Federal Reserve is widely expected to nudge interest rates higher next week, many banks and credit unions have already raised their current CD yields, meaning additional increases may be slight.
To help you earn as much as possible, here are the top CD rates available from our partners, followed by more information on the best-paying CDs that are available to U.S. customers everywhere.
Today’s new industry leader bumps the top nationwide rate up by 5 basis points, from 5.70% to 5.75% APY. But it also significantly increases the leading rate for CD shoppers specifically looking for an option in the 1-year range, as the top nationally available rate for certificates ranging from 10-14 months was just 5.50% APY yesterday.
Anyone looking to extend a stellar CD rate much further into the future can score as much as 5.13% APY with the best 3-year certificate. And if you have a jumbo-sized deposit of at least $100,000, you can stretch that to four years and earn a comparable 5.12% APY.
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