Unlock High Yield CD Rates for Maximum Returns

Are you looking to maximize your savings and earn higher returns on your investments? High yield CD rates could be the answer you've been searching for. With interest rates on savings accounts at historic lows, investing in a Certificate of Deposit (CD) with a competitive APY can help you grow your money faster. In this article, we will explore the current landscape of high yield CD rates, provide tips on finding the best rates, and highlight some of the top options available in the market.

Find the best CD rates for terms from 3 months to 5 years. Our list includes FDIC-insured or NCUA-insured CDs paying up to 6.50% APY. Don't sleep on these great CD rates—many CDs yield more than 5% APY. See which CDs made the cut. Check out the latest CD rates and recent interest-rate trends from Bankrate's weekly national survey of large banks and thrifts.

One financial institution that stands out for offering competitive rates on short-term CDs is Western Alliance Bank. With a low minimum balance requirement, it is a good option for those looking to start saving with high yield CDs. You can earn at least 5.00% on CD terms stretching as long as 3 years, while the top nationwide rate of 5.75% APY continues to be available.

According to the FDIC, the average CD pays 0.23% to 1.86% APY, depending on the term length. However, many financial institutions pay higher rates, especially for longer-term CDs. If you're looking for the best 1-year CD rates, we've analyzed a host of banks to bring you the top CDs for February 2024.

Savings accounts are currently paying their highest rates in more than 20 years, making it an opportune time to consider stashing some cash in a top-paying account. A 6-month CD is a type of savings option that lets you maintain a fixed interest rate for a short period of time. The national average CD rate is...