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Best CD rates of November 2024 (Up to 5.00%)

Updated Nov. 4, 2024

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Opening a certificate of deposit (CD) allows you to lock in an attractive fixed rate and earn higher returns compared to traditional savings accounts, while providing FDIC or NCUA insurance protection and guaranteed growth for a set period of time. Currently, the best CD rates range from 4.30 percent APY to 5.00 percent APY. This top rate is offered by Amerant for a 6-month term, and is roughly three times higher than the national average of 1.76 percent on a one-year CD. Before opening a certificate of deposit, be sure to read expert advice and tips below to ensure a financially safe decision.

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Current 1 year CD trends
Bankrate Partner average
4.19% APY
National average
1.76% APY

Best CD rates from top banks for November 2024

Note: Annual percentage yields (APYs) shown were updated between Oct. 28 and Nov. 3. All other information is current as of Nov. 4. 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.

Quontic Bank

Quontic Bank_logo
Rating: 4.5 stars out of 5
4.5

Overview

Quontic Bank offers six terms of CDs, ranging from three months to five years, that require $500 to open. The rates for all six terms are very competitive.
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3.00% – 4.95% APY
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$500 minimum deposit
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3 months - 5 years

America First Credit Union

America First Credit Union_logo
Rating: 5 stars out of 5
5.0

Overview

America First Credit Union offers a wide range of CD terms between three and 60 months, and all earn rates that are highly competitive. Also offered are specialty CDs such as a bump-rate CD and a flexible CD. All CDs require a manageable minimum opening deposit.
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3.85% – 4.70% APY
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$500 minimum deposit
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3 months - 5 years

Barclays Bank

Barclays Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

Barclays is an online bank popular for its credit cards, but it also offers CDs and an online savings account. ​​Barclays offers seven terms of CDs ranging from six months to five years.
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3.00% – 4.50% APY
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$0 minimum deposit
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6 months - 5 years

Capital One

Capital One_logo
Rating: 4.9 stars out of 5
4.9

Overview

Capital One offers CDs with terms as short as six months or as long as five years. These CDs have no minimum opening deposit and the bank offers competitive yields.
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3.50% – 4.50% APY
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$0 minimum deposit
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6 months - 5 years

Popular Direct

Popular Direct_logo
Rating: 4 stars out of 5
4.0

Overview

Popular Direct is an online bank and a subsidiary of Popular Inc., a more than 130-year-old financial services company. Popular Direct was previously known as Banco Popular North America.

Popular Direct offers CDs in eight terms ranging from three months to five years. With a $10,000 minimum deposit to open, these CDs are geared toward serious savers. Interest compounds daily. Popular Direct doesn’t offer specialty CDs, such as bump-up or no-penalty CDs. It does offer a savings account with a competitive rate.
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3.40% – 4.50% APY
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$10,000 minimum deposit
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3 months - 5 years