Skip to Main Content

Current CD rates — November 2022

Man using a banking app on phone
Westend61/Getty Images
Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of

A certificate of deposit (CD) is a time deposit account. A bank agrees to pay interest at a certain rate if savers deposit their cash for a set term, or period of time.

Find current CD rates and recent interest rate trends from Bankrate below. Here are the current average rates for the week of Nov. 21:

  • 1-year CD rate: 1.18%
  • 5-year CD rate: 1.06%
  • 1-year jumbo CD rate: 1.22%
  • 5-year jumbo CD rate: 1.09%
  • Money market account rate: 0.25%

The national average rate for one-year and five-year CDs started to increase in February, driven in part by rising Treasury yields and expectations of Federal Reserve rate increases in 2022.

The Fed raised rates in March, May, June, July, September and November. These are the first rate increases since 2018, and inflation remains high.

Latest CD rates: 3-month trend

Date 1-year CD 5-year CD 1-year jumbo 5-year jumbo Money market account
11/22/2022 1.18% 1.06% 1.22% 1.09% 0.25%
11/16/2022 1.15% 1.04% 1.19% 1.07% 0.19%
11/9/2022 1.12% 1.02% 1.16% 1.05% 0.17%
11/2/2022 1.10% 1.02% 1.14% 1.05% 0.17%
10/26/2022 1.05% 1.00% 1.09% 1.03% 0.16%
10/19/2022 1.03% 0.99% 1.07% 1.02% 0.16%
10/12/2022 0.97% 0.93% 1.00% 0.95% 0.15%
10/05/2022 0.96% 0.91% 1.00% 0.94% 0.15%
09/28/2022 0.82% 0.87% 0.86% 0.90% 0.14%
09/21/2022 0.78% 0.84% 0.82% 0.87% 0.13%
09/14/2022 0.76% 0.83% 0.81% 0.85% 0.13%
09/07/2022 0.65% 0.74% 0.69% 0.77% 0.13%
08/31/2022 0.65% 0.73% 0.68% 0.75% 0.13%
08/24/2022 0.63% 0.70% 0.65% 0.73% 0.12%

There’s no need to stick with low rates. Here are some of the best CD rates by term from popular banks:

Compare current CD rates by term for November 2022

Current CD rates: 6-month

  • Popular Direct: 4.15% APY
  • Bask Bank: 4.00% APY
  • First Internet Bank of Indiana: 3.87% APY
  • Bank5 Connect: 3.80% APY
  • Synchrony Bank: 3.50% APY
  • Sallie Mae Bank: 3.50% APY

See additional best 6-month CD rates.

Current CD rates: 1-year

  • Bread Savings (formerly Comenity Direct): 4.50% APY
  • Sallie Mae Bank: 4.25% APY
  • First Internet Bank of Indiana: 4.18% APY
  • Synchrony Bank: 4.15% APY
  • Bask Bank: 4.10% APY

See additional best 1-year CD rates.

Current CD rates: 3-year

  • Sallie Mae Bank: 4.50% APY
  • Synchrony Bank: 4.30% APY
  • First Internet Bank of Indiana: 4.28% APY
  • Capital One: 4.15% APY
  • LendingClub Bank: 4.10% APY

See additional best 3-year CD rates.

Current CD rates: 5-year

  • Bread Savings (formerly Comenity Direct): 4.75% APY
  • Sallie Mae Bank: 4.55% APY
  • Popular Direct: 4.50% APY
  • First Internet Bank of Indiana: 4.39% APY
  • Synchrony Bank: 4.30% APY

See additional best 5-year CD rates.

Note: Annual percentage yields (APYs) shown are as of Nov. 23, 2022, and apply to balances of $25,000. APYs for some products may vary by region.

Current CD rates FAQs

Learn more about other CD terms:

Written by
Matthew Goldberg
Consumer banking reporter
Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance.
Edited by
Banking editor
Reviewed by
Chief financial analyst