Find the best high yield CD rates below or read the latest certificate of deposits analysis here.
For the past few weeks, certificate of deposit rates have fluctuated by 1 basis point in Bankrate's national survey of interest rates. This week kept that trend alive.
Unchanged for the 24th straight week, the average 1-year CD yield was 0.27%. The average 5-year yield was 0.87% for the 2nd week in a row.
Deposits of $100,000 or more qualify for jumbo CD rates. The average 1-year jumbo CD yield was 0.3% for the 16th week in a row. Down 1 basis point, the 5-year yield was 0.9%. A basis point is one-hundredth of 1%, or 0.01%.
For the 46th consecutive week, the average money market account yield was 0.09%.
These certificates of deposit offer withdrawal flexibility, but the yields aren't too hot. Read more
Bankrate's CD Study shows rising-rate CDs start slow, depend on market to catch up. Read more
CDs come in all types. Here is a list to help you find the one to suit your financial needs. Read more
CDs come in a variety of flavors. Learn the differences before tying up your money. Read more
Bankrate finds these CDs offer higher returns. But are they smart investments? Read more
A certificate of deposit, or CD, is one of the safest and most predictable investments around. As long as the CD is backed by the FDIC, it's guaranteed not to lose principal, and in most cases, investors can count on earning a stable return for the full term of the CD. Find out more about the factors that you need to consider when choosing a CD below.
The length of time until the CD matures and the money deposited within can be withdrawn without penalty.
Short for annual percentage yield, APY is the total return of the CD per year, taking into account the beneficial effect of compounding.
The percentage of the CD's principal paid out annually in interest. Does not take into account the effect of compounding.
The minimum amount of money you need to open a particular CD. Banks may be willing to pay higher rates of interest on CDs with higher minimum deposits.
Short for Federal Deposit Insurance Corporation, the FDIC is an independent government-backed agency that covers the deposits of accountholders at FDIC-insured banks. FDIC-insured deposits are backed by the full faith and credit of the U.S. government, and since the agency was established in 1933, no depositor has lost a single cent of insured principal.