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1. • • Here’s a summary of our best CDs, organized by the highest annual percentage yield (APY) range. Best for 3-Month CDs: EverBank Basic CD — 3.95% APY Best for 6-Month CDs: CommunityWide Federal Credit Union CW Certificate Account — 5.30% APY Best for 1-Year CDs: Bread Savings Certificate of Deposit — 5.25% APY
     Reference:

     Best CD Rates Of May 2024: Up To 5.30% – Forbes Advisor

2. People also ask

   What are the best bank CD rates?

   • For example, Chase Bank CD rates currently range from while Discover Bank CD Rates currently range from 2.00% to 4.70%, Bank of America CD Rates currently range from 0.03% to 4.00% and Marcus By Goldman Sachs CD Rates currently range from 3.90% to 5.10%. Other top CD rates by banks include:

   May 16, 2024: Highest CD Rates Today: Earn Up To 5.40% - Forbes

   www.forbes.com/advisor/banking/cds/cd-rates-today-05-16-24/

   See all results for this question

   Is a certificate of deposit a good investment?

   • Certificates of deposit (CDs) can be an ideal account to allocate some of your savings, especially if you’re looking for a fixed APY. Bankrate’s list of top-yielding CD rates are much higher than today's national average yield of 1.77 percent for a one-year CD. Note: Annual percentage yields (APYs) shown were updated between May 8 and May 14.

   Best CD Rates For May 2024 - Up to 5.36% | Bankrate

   www.bankrate.com/banking/cds/cd-rates/

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   How much APY does a certificate of deposit cost?

   • 4.55% APY (expires 6/19/24). 4.75% APY. 4.45% APY. A certificate of deposit is a bank account that requires you to lock funds away for a fixed period of months or years in exchange for a fixed interest rate that can be higher than other bank accounts. See more about what CDs are.

   13 Best CD Rates for May 8, 2024: Up to 5.27% - NerdWallet

   www.nerdwallet.com/best/banking/cd-rates

   See all results for this question

   What are the top-yielding CD rates?

   • Bankrate’s list of top-yielding CD rates are much higher than today's national average yield of 1.77 percent for a one-year CD. Note: Annual percentage yields (APYs) shown were updated between May 8 and May 14. All other information is current as of May 13. Bankrate's editorial team validates this information regularly, typically biweekly.

   Best CD Rates For May 2024 - Up to 5.36% | Bankrate

   www.bankrate.com/banking/cds/cd-rates/

   See all results for this question

3. Top Stories

   • 

     Investopedia on MSN.com

     Which Big U.S. Banks Are Paying the Best Savings and CD Rates Right Now?

     6 days ago

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     Best 3-Month CD Rates of

     CD rates a good savings choice? Find out how these CDs work, what the best short-term CD rates are and how you can save with these tools.

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     Business Insider on MSN.com

     Best No-Penalty CD Rates of May 2024: Savings Growth with Flexibility

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   • Barron's on MSN.com

     Savings Account Rates Are Falling. Why Some Banks Are Paying Less.

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4. www.forbes.com › advisor › bankingBest CD Rates Of May 2024: Up To 5.30% – Forbes Advisor

   www.forbes.com › advisor › banking

   • Cached

   3 days ago · Best For 2-Year CDs: Marcus by Goldman Sachs High-Yield Certificates of Deposit — 4.20% APY. Best for 3-Year CDs: Quontic Bank Certificate of Deposit — 4.40% APY. Best for 5-Year CDs: First...

5. www.bankrate.com › banking › cdsBest CD Rates For May 2024 - Up to 5.36% | Bankrate

   www.bankrate.com › banking › cds

   • Cached

   4.25% – 5.30% APY. $10,000 minimum deposit. 3 months - 5 years.

6. www.nerdwallet.com › best › banking13 Best CD Rates for May 24, 2024: Up to 5.27% - NerdWallet

   www.nerdwallet.com › best › banking

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   3 days ago · Online banks and credit unions tend to have the best yields on certificates of deposit. You can find rates far higher than the national averages of 1.80% for one-year terms and 1.40% for...

7. Videos

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     13:40

     youtube.com

     Highest Bank CD Rates and Certificate of Deposit explained

     Apr 7, 2019

     231.8K Views

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     Certificates of Deposit offer great rates for your savings, but some have a catch

     Jul 26, 2023

     51.5K Views

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     Why 2024 is the BEST year to Invest in a CD Ladder | Certificate of Deposit Explained

     Apr 7, 2023

     135.1K Views

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8. www.cnbc.com › select › best-certificates-of-deposits11 best CD rates of June 2024 (up to 5.30% APY) - CNBC

   www.cnbc.com › select › best-certificates-of-deposits

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   • Ally Bank®: Earn up to 5.15% APY.
   • Barclays®: Earn up to 5.15% APY.
   • Bread Savings™ (formerly Comenity Direct): Earn up to 5.35% APY.
   • Marcus by Goldman Sachs®: Earn up to 5.30% APY.

9. www.forbes.com › advisor › bankingMay 16, 2024: Highest CD Rates Today: Earn Up To 5.40% - Forbes

   www.forbes.com › advisor › banking

   • Cached

   May 16, 2024 · The best rate on today’s jumbo CDs is 5.40% for a 6-month term. The average APY for this category of CD is currently 1.71%, compared to 1.70% last week. Most jumbo CDs require a minimum deposit ...

10. www.investopedia.com › best-cd-rates-4770214Best CD Rates for May 2024: Up to 5.51% - Investopedia

    www.investopedia.com › best-cd-rates-4770214

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    3 days ago · Michael J Boyle. Fact checked by. Michael Logan. The best CD rates right now range from 5.35% to 5.51%. The top CD rate is from nationally available from TotalDirectBank for either 3 months or...

11. www.bankrate.com › cds › current-cd-interest-ratesCurrent CD Rates For May 2024 | Bankrate

    www.bankrate.com › cds › current-cd-interest-rates

    • Cached

    4 days ago · 5-year CD yield: 1.41 percent APY. The national average rate for one-year and five-year CDs started to increase in February 2022, driven in part by rising Treasury yields and expectations of...