The FDIC includes rates from major national banks, which are historically lower than online-only banks. Average CD ratesīelow is a look at the average CD rates by term based on those tracked by the Federal Deposit Insurance Corporation and those we tracked at CNET. So if you have money saved for a future goal, there’s still time to earn a high fixed rate - but the clock is ticking. But it’s clear that rates aren’t budging for many banks.Ĭurrently, online-only banks and credit unions are offering annual percentage yields, or APYs, as high as 5.65% for one-year CD terms, while longer-term CDs are slightly lower - averaging 4.11%. But many experts are hesitant to say how high rates will go or when they’ll drop. Rates for certificates of deposit are still holding high and strong. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.įor details on our best products and how we chose them click here. Credit union deposits are insured by the National Credit Union Administration.Ĭonsumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers’ terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. Those with a paid link are our Advertisers.

These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own website where you can find additional information.

This table does not include all companies or all available products.Īll rates are subject to change without notice and may vary depending on location. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. Institutions may have different rates on their own websites than those posted on. Bankrate cannot guarantee the accuracy or availability of any rates shown. The rate information is obtained by Bankrate from the listed institutions.

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