The best savings account and CD rates are still at or near 20-year highs. But where will they head from here? Here's what we learned today. M&T Bank offers CD terms ranging from 32 days to 72 months, with a $1000 minimum deposit for all CDs and featured APYs ranging from 3.75% to above 5%. Compare CD rates nationwide to find the best CD interest rates and grow your savings to reach your financial goals faster.
A certificate of deposit (CD) is a time deposit account in which your money accrues interest at a fixed yield for a set period of time. A six-month CD may be the savings solution you're seeking. Find out more about the best six-month CD rates. Various nationwide banks and credit unions have CDs offering above 5% APY. CD rates on terms of 24 months or less are currently higher than ever.
With the Fed holding benchmark rates at 23-year highs, now might be the time to lock your money into a CD. Here's why. A certificate of deposit (CD) offers a secure way to store your savings while earning a reliable return. However, interest rates on CDs can fluctuate. The best CD rates help your money grow in a stable, FDIC-insured environment. And don't tell your savings account.