CD Rates Today: December 5, 2024

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CD Rates T...

Forbes

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The best interest rates on CDs—certificates of deposit—pay up to 5.37% today, based on certificate term lengths.
Three-month CDs are a good option for short-term savings goals and the highest rate for it today sits at 5.00%.
The best rate available on a 12-month CD is 5.37%, making it one of the most popular CD terms.
For two years, 2-year CDs today are being offered at interest rates as high as 4.52%.
On a five-year CD, the highest rate today is 4.31%, but make sure you’re aware of the early withdrawal penalty.
The best rate on today’s jumbo CDs is 5.37% for a 6-month term. Most jumbo CDs require a minimum deposit of $100,000.
Digital banks tend to offer top-of-market yields to attract new customers. Chase Bank, Capital One and Synchrony Bank are a few options to consider.
CDs typically pay higher interest than other savings vehicles, and CDs beat the more attention-getting investments as they are one of the safest places to put your money.
The Federal Deposit Insurance Corp. and the National Credit Union Administration insure your money in the event the bank issuing your CD ever fails.
Curinos determines the average rates for certificates of deposit (CDs) by focusing on specific CDs and excluding others.

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