Best CD Rates, High Yield Certificate of Deposit Rates

The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks.

Additional High Interest CDs

The following information was last reviewed and updated on January 13, 2017. Rates and conditions change constantly, so please review the information at the bank’s website carefully before you open an account. All banks are FDIC insured.

Bank APY Review

1.15% Discover Bank Certificate of Deposit offers rates between 0.35% APY for a 3-month term up to 2.20% APY for a 10-year term.

About the Author

By , on Apr 12, 2013
Pinyo is the owner of Moolanomy Personal Finance. He is a licensed Realtor specializing in residential homes in the Northern Virginia area. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, and financial literacy author.

Best Bank Rates

Leave Your Comment (8 Comments)

  1. Karyn S says:

    The rates have been going higher since the last time I saw. I’ve wanted to have a CD account for awhile but the rates weren’t satisfactory for my taste. Probably will wait a little while until I make one since it seems the rates are going up.

  2. Kenny Duval says:

    It seems that only the long term CD’s have much of a return rate at the moment. It’s unfortunate, but I would only invest in long term CD’s until the rates go up. There are a few gems worth checking out, as well as ING DIRECT.

  3. Cindy S says:

    I use to have have 2 CD’s & once I stopped getting over 5% interest on them I cash them out & paid off my mortgage that was 4.75%. It worked out well for me. I enjoy having no mortgage. This freed up cash so that I could buy a new car.

  4. Griff says:

    Good to know. I’ve been thinking about a CD lately. Not sure if I’m a big fan of the CD route… Still thinking.

  5. Daddy Paul says:

    Too many buy CD’s when they would be better served by a short term bond fund.

  6. Bernz says:

    I agree with you 100%. If you have debts, pay it off first. There’s no sense putting your hard-earned money into CD’s at 3% rate of return when you have debts charging you 8-15% interest.

  7. Those CD rates are so disappointing. It’s better to pay off any high interest debt with some of the money, them start automatically saving money each month. I think.

  8. Mike Pastore says:

    I think opening a CD even with a small amount is okay as long as the bank you transact with is legitimate. A small amount when saved and added up will always become big savings if handled by a trustworthy individual/company.

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