The selection of great CDs is so abundant—and keeps growing by the day—that we are raising the bar on what we call an elite nationwide rate. With our “5.50% club” climbing again today, reaching 59 CDs, we’re upgrading the threshold to CDs paying at least 5.65% APY. And we already have 15 in our ranking, stretching to a top rate of 5.75% APY.
Anyone with a jumbo deposit has even more opportunities. An additional eight jumbo CDs meet the new minimum rate, including four that pay 5.80% or 5.85% APY. Also, two of those can be had with a $50,000 minimum deposit instead of the more-standard $100,000.
- The top rate in our daily ranking of the best nationwide CDs continues to be 5.75% APY, with a six-way tie of CDs offering that industry-leading APY.
- Anyone with a large deposit can earn even more—as much as 5.85% APY with the leading jumbo CD.
- With dozens of options now available at a rate of 5.50% or better, we’re shifting to a daily count of CDs paying 5.65% APY or higher. Fifteen CDs currently meet our new elite threshold.
- It’s near-certain the Fed will hold rates steady when it meets next week. But the probability of a Fed hike in November or December is currently forecasted at about 35-40%.
The six nation-leading offers tied at the top of our standard CD ranking range in terms from six months to 15 months. But if you want to extend one of today’s record rates further into the future, you can score 5.55% APY with the best 2-year CD, or 5.23% with the best 3-year CD. For terms of 4 years and 5 years, the leading rates are 4.82% and 4.89% APY, respectively.