September ended with a bang for CD shoppers: You can once again earn a record 6.00% APY on a nationally available certificate. While a CD at that historic rate had been available for a couple of weeks from late August to mid-September, the leading rate had since retreated to 5.80% APY.
While today’s 6.00% offer is a new rate, it comes from a familiar name. Since Sept. 19, Credit Human had been paying 5.80% APY on a take-your-pick term of 12 to 17 months. The Texas-based credit union upped the rate today on that same certificate to 6.00% APY.
- The highest rate in our daily ranking of the best CDs climbed to 6.00% APY today, available on a flexible term of 12 to 17 months.
- The leading rate for a nationally available 3-year CD also climbed, rising to 5.25% APY.
- The number of nationwide CDs paying 5.65% APY or higher increased by one today to 23, up from 16 two weeks ago.
- The Fed announced last week that it is holding rates steady for now, after its most recent rate increase in July. But a possible Fed rate hike in November or December is still on the table.
Below you’ll find featured rates available from our partners, followed by details from our complete ranking of the best CDs available nationwide.
CDs paying the elite benchmark rate of at least 5.65% added another member to the club today, now totaling 23. Just two weeks ago, the count was 16, indicating that many banks and credit unions have continued to nudge their CD rates higher. The range of terms for CDs paying this benchmark rate is 3 to 17 months.
If you’re looking to lock in a great rate for a longer term, you might like the new leader of our 3-year CD ranking. The crown in that term now belongs to Jovia Financial Credit Union, which today unveiled a 5.25% APY rate on a 40-month CD. You can also earn 5.25% APY from yesterday’s new 4-year leader, Wellby Financial.