This chart provides information on the best CD rates available today. Many banks offer “national” or “internet only” rates which may be higher than the CD rates available through local bank branches in your state – you will find those offers here.
Banks sometimes offer their best cd rates online only because they know online shoppers tend to be more responsive to getting a higher rate on Certificates of Deposit than those that walk into their local bank branch.
CD rates vary from bank to bank, especially when you start factoring in a longer maturity date. Longer term CDs generally result in highest CD rates. We suggest you check out the difference in rates among CDs with different maturities using the above tool.
What Is A Certificate Of Deposit?
A Certificate of Deposit (CD) is an account you put money into for a fixed period of time, in order to earn a fixed rate of return. Just like with savings and checking accounts, if your CD is held with a bank, you are insured for up to $250,000 by the FDIC, and if it is held with a credit union, the NCUA insures your account for the same amount. As money invested in a certificate of deposit is insured, generally CD’s pay a lower rate of interest than other types of investments which are not guaranteed against loss. The rates you see on this page are among the best cd rates available at this time.