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Best CD rates for February 2024 (Up to 5.55%)

Updated February 21, 2024

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 1.72 percent for a one-year CD.

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Current 1 year CD trends
Bankrate Partner average
5.03% APY
National average
1.72% APY

Best CD rates from top banks for February 2024

Note: Annual percentage yields (APYs) shown are as of Feb. 21, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

Salem Five Direct

Salem Five Direct_logo
Rating: 3.9 stars out of 5


Salem Five Direct offers a range of CD terms, including numerous “special” CDs with high yields and IRA CDs.

At $10,000, the minimum balance required to open a CD is higher than a lot of other online banks.
Invest Rate
2.00% – 5.55% APY
$10,000 minimum deposit
6 months - 5 years