The best CD rates in the country mostly held their ground this week, with only one term seeing a very slight rate dip.
You can still earn a top nationwide rate of 5.50% from Nuvision Credit Union, with a rate lock that will last until late next summer.
You can also find slightly shorter or longer rate guarantees with more than a dozen additional CDs paying 5.00% or more.
Rates on the 2-year CD term slid this week, but only from a top rate of 4.53% to 4.50%.
With the Fed likely to announce another rate cut in a week and a half, CD rate declines could pick up speed. So don’t waste time to lock in a CD you like.
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How the Top CD Rates Changed This Week
Certificate of deposit (CD) rates remained strong this week. The leading rate in every term held steady, except for a minor decrease in the best 2-year CD rate: 4.53% to 4.50%. The Federal Reserve cut interest rates in mid-September, and CD rates have been drifting lower for the last several months. But it’s not too late to lock in an excellent return.
You can still earn a top rate of 5.50% from Nuvision Credit Union, with an 8-month rate lock. If you open that this weekend, you’ll be guaranteed that annual percentage yield (APY) until late June next year.
Want a slightly shorter or slightly longer rate lock? Thirteen more options in our daily ranking of the best CD rates pay 5.00% to 5.25%. That’s down slightly from 15 choices a week ago.
Every business day, we track the certificate of deposit rates available from more than 200 banks and credit unions that offer nationwide certificates. That lets us tell you exactly where to find the very best offers on any given day—no matter what CD term you’re looking for.