![]() Signature Federal Credit Union – 5.55% APY.If there is still a tie, we'll then rank the CDs alphabetically by institution name. If more than one institution pays the same top rate, we rank the CDs by the shortest term, then the smallest minimum deposit. ![]() To be included, the institution must be federally insured (by the Federal Deposit Insurance Corporation for banks and the National Credit Union Administration for credit unions), and the minimum required deposit cannot exceed $25,000. CD rates closely follow the fed funds rate, so if the Fed implements a further increase, that could nudge CD rates higher still.īy monitoring the rate data of roughly 200 banks and credit unions that offer certificate products nationwide, we're able to rank the highest-paying CDs in the country that have an approximately 3-month term (including maturities of two to four months). 1-after 11 hikes in the previous 12 meetings-it has indicated that an additional increase is still on the table. ![]() Though the Fed held its benchmark rate steady for a second consecutive meeting on Nov. Today’s CD rates are higher than we’ve seen in more than 20 years, pushed up by the Federal Reserve’s rate-hike campaign that began in March 2022 to tame decades-high inflation. ![]()
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