![]() ![]() This data is updated monthly and includes both banks and credit unions. The Federal Deposit Insurance Corporation, a government agency that oversees banks, keeps track of average interest rates paid on CDs. The best cds can offer more than 10x than the national average. To help you understand what current rates look like, we've gathered information on national CD rates, as well as rates from popular financial institutions. While these fixed-interest accounts have an early withdrawal penalty to consider, they often include higher interest rates than the average savings or money market account. Look for promotional CDs at brick-and-mortar banks to earn high rates meanwhile, online banks and credit unions often have competitive CD rates on a variety of terms.Ī CD can be a great savings option if you're looking to lock money away for a few months or years.However, many financial institutions pay higher CD rates than the national average.According to the FDIC, the average CD pays 0.20% to 1.72% APY, depending on the term length. ![]()
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