Luckily, CD rates come in a wide variety of terms, from a 1-year CD that offers a 2.10 percent APY with a $1,500 minimum deposit to a 5-year CD rate that offers a 2.20 percent APY with a $1,500 "CD rates are widely considered as true risk-free rates in two ways," says K.C. Ma, a chartered financial analyst and director of the Roland George investments program at Stetson University. A jumbo CD is a type of CD with a traditionally high minimum deposit such as $10,000, though it can be lower. Although jumbo CD rates can be higher than regular CDs, online banks and credit unions offer some of the best rates on CDs with low or no minimums. CDs are widely considered one of the safer investment options out there. Plus, most CDs offer FDIC insurance for up to $250,000. If you think this kind of account may be right for you, then read on for our picks of the top CD rates.
Why We Like It: A higher-than-average $5,000 minimum investment guarantees a high rate with TIAA’s Yield Pledge CD, which guarantees rates to be in the top 5% of competitive accounts.
Earn more with a Yield Pledge® CD. Backed by a high-yield guarantee, these CDs will make your money work harder for you. Terms range from 3 months to 5 Open an online Capital One 360 CD to earn an interest rate with guaranteed yield. Compare our CD terms and annual yield rates. Enjoy the protection of FDIC Compare CD rates from some of the top banks and financial institutions. Save smart by locking away your savings at higher rates than your typical account. CDs are short- to long-term investments designed to help you reach your financial Find the right fixed-rate CD for your needs. Try our CD Calculator below to see how much your savings could grow. We stand by our high-yield CDs with a Bump-Up CD: This type of account allows you to “bump-up” your interest rate to a higher rate if rates rise during your investment period. Generally, investors only 2 days ago Highest One-Year Online CD Rates - March 17, 2020. 1 Year Home Loan Investment Bank, F.S.B., 5-Year, 2.00% APY with $2,500 minimum. Vio Bank offers High Yield Savings accounts and certificates of deposit with some of the greatest rates in the nation, allowing you to save for retirement.
Compare CD rates from some of the top banks and financial institutions. Save smart by locking away your savings at higher rates than your typical account. CDs are short- to long-term investments designed to help you reach your financial
Unify FCU offers the highest interest rates on CDs (which it calls share certificates) of any credit union with no cost to join. The interest rate on their 12-month CD, for example, is 1.75%, compared to the national average of 1.32% in September. You’ll need to deposit a minimum of $1,000 to open this CD. With a CD, the financial institution pays you interest at regular intervals. Once it matures, you get your original principal back plus any accrued interest. You may be able to earn up to nearly 2.5 percent interest on these types of investments, as of Sept. 2019. Because of their safety and higher payouts, Flexibility Brokered CDs come in a wide range of maturities—as little as 3 months and as long as 20 years. This allows you to choose between high degrees of liquidity, meaning you have the opportunity to reinvest your funds frequently, and stability, meaning you can lock in favorable interest rates for long periods of time. But we’re currently seeing some high, favorable interest rates on 1-year CDs, rates that outstrip savings account rates. If you can afford to part with the funds, “choosing a 1-year CD now does make sense rather than keeping the money in a savings account,” says Ken Tumin, founder of LendingTree-owned DepositAccounts.com. Maturities and/or rates may not be available in all states. *Annual Percentage Yield (APY), effective 10/24/2019 APY interest cannot remain on deposit; periodic payout of interest is required. Certificates of deposit (CDs) offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 Why We Like It: A higher-than-average $5,000 minimum investment guarantees a high rate with TIAA’s Yield Pledge CD, which guarantees rates to be in the top 5% of competitive accounts. On the other hand, if you want income from your CD, taking distributions could be a good way to create an income stream and take advantage of the high interest rates offered by CDs.