Looking for information on the best CD rates available today? We’ve provided them below. CD Rates and providers are updated daily on this page so they are always current. Keep in mind that many banks offer “special offers” or “internet only” CD rates which are often higher than the CD rates available through local bank branches where you live – you will find those offers here.
CD rates vary from bank to bank, especially when you factor in longer maturity dates. 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.Banks sometimes offer their best cd rates exclusively online 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 branches.
What Is A Certificate Of Deposit?
A Certificate of Deposit (CD) is an account you place money into for a fixed length of time, in order to earn a fixed rate of return. Just as 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’s 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.