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5 CDs that pay 5% APY or higher (updated weekly)
Today, the national average interest rate for a certificate of deposit (CD) ranges from 0.24% for a 1-month CD to 1.88% for a 1-year CD. However, many banks and credit unions offer certificates of deposit with competitive yields as high as 5%, which have the power to help you grow your savings exponentially over time.
5 CDs that pay 5% APY and up
Here’s a look at some of the top FDIC-insured certificates of deposit available today that currently offer 5.00% APY and higher.
Note that interest rates, fees, and requirements are accurate as of the publish date. Please verify account details directly with the financial institution.
See our picks for the best CDs available today>>
Barclays 6-month CD: 5.00% APY
Barclays’ 6-month CD offers 5.00% APY with no minimum deposit required to open an account. Interest on this CD compounds daily. The penalty for making a withdrawal before your CD reaches maturity is 90 days’ worth of simple interest on the dollar amount withdrawn.
