Best CD Rates for November 2022

Which Banks Have the Best CD Rates?

Compare today’s best bank CD rates from the largest banks and credit unions in the United States as well as best-fixed annuity rates. Our mission is to help you find the best high-yield savings account aligned with your goals and objectives.

Best CD Rates Today

BankTermRate
Bethpage FCU3 Months1.75%
Lafayette Federal Credit Union5 Years4.42%
Spectrum Federal Credit Union6 Months2.25%
Spectrum Federal Credit Union3 Months2.15%
Bread Savings5 Years4.25%
Bread Savings4 Years4.15%
Bread Savings3 Years4.00%
Lafayette Federal Credit Union4 Years4.32%
Lafayette Federal Credit Union3 Years4.22%
Alliant Credit Union5 Years3.60%
Amarillo National Bank6 Months2.15%
American First Credit Union2 Years3.80%
American First Credit Union1 Year3.50%
American Heritage FCU5 Years4.00%
American Heritage FCU4 Years4.00%
American Heritage FCU2 Years3.75%
American Heritage FCU3 Years3.65%
Andrews Federal CU4 Years3.25%
Apple Bank6 Months2.25%
Barclays5 Years3.50%
Barclays4 Years3.25%
Bethpage FCU4 Years3.20%
Bread Savings2 Years3.75%
Bread Savings1 Year3.60%
Capital One5 Years3.50%
Capital One3 Years3.40%
Capital One2 Years3.30%
Capital One1 Year3.25%
CFG Bank5 Years3.70%
CFG Bank3 Years3.65%
CFG Bank1 Year3.56%
Chevron Federal Credit Union6 Months2.25%
Chevron Federal Credit Union3 Months2.15%
Citadel Credit Union3 Years3.50%
CommunityWide FCU4 Years3.25%
CommunityWide FCU1 Year3.25%
CommunityWide FCU6 Months3.25%
Connexus Credit Union3 Years3.61%
Connexus Credit Union2 Years3.56%
Connexus Credit Union1 Year3.51%
Crescent Bank5 Years3.60%
Crescent Bank4 Years3.55%
Crescent Bank3 Years3.50%
Crescent Bank2 Years3.40%
Discover Bank4 Years3.20%
EECU3 Months1.26%
EFCU Financial5 Years3.50%
Evansville Teachers FCU4 Years3.25%
Evansville Teachers FCU6 Months2.25%
Evansville Teachers FCU3 Months2.00%
First Internet Bank5 Years3.66%
First Internet Bank4 Years3.61%
First Internet Bank3 Years3.56%
First Internet Bank2 Years3.51%
First Internet Bank1 Year3.40%
First Internet Bank6 Months2.63%
First National Bank of America5 Years3.55%
First National Bank of America3 Years3.40%
First National Bank of America1 Year3.25%
Franklin Mint FCU4 Years3.25%
Freedom Credit Union3 Years4.08%
Freedom Credit Union2 Years3.56%
Freedom Credit Union6 Months2.02%
Hudson Valley Credit Union3 Years3.50%
Hudson Valley Credit Union2 Years3.50%
Hudson Valley Credit Union4 Years3.25%
Intrust Bank5 Years3.50%
Intrust Bank4 Years3.50%
Intrust Bank3 Years3.50%
Intrust Bank2 Years3.50%
Intrust Bank6 Months2.65%
KS State Bank5 Years3.70%
Lafayette Federal Credit Union2 Years4.11%
Lafayette Federal Credit Union1 Year3.80%
LiveOak Bank2 Years3.50%
LiveOak Bank1 Year3.50%
LiveOak Bank6 Months2.75%
Luana Savings Bank6 Months2.69%
Luana Savings Bank3 Months2.17%
Marcus by Goldman Sachs4 Years3.20%
Merchants Bank of Indiana6 Months2.63%
Merchants Bank of Indiana3 Months2.63%
Merrick Bank5 Years3.75%
Merrick Bank4 Years3.75%
Merrick Bank3 Years3.75%
Merrick Bank2 Years3.70%
Merrick Bank1 Year3.60%
Merrick Bank6 Months2.80%
Merrick Bank3 Months2.45%
Mountain America Credit Union5 Years3.75%
Mountain America Credit Union4 Years3.25%
My eBanc3 Years3.51%
My eBanc1 Year3.30%
My eBanc6 Months2.84%
MYSB Direct5 Years3.75%
MYSB Direct4 Years3.50%
MYSB Direct3 Years3.50%
PENFED Credit Union5 Years3.60%
PENFED Credit Union3 Years3.60%
PENFED Credit Union4 Years3.50%
PENFED Credit Union2 Years3.50%
PENFED Credit Union1 Year3.15%
Popular Direct5 Years3.55%
Popular Direct3 Years3.40%
Popular Direct2 Years3.30%
Popular Direct1 Year3.20%
Popular Direct6 Months2.45%
Popular Direct3 Months1.75%
Quorum Federal Credit Union2 Years3.60%
Radius Bank - LendingClub3 Years3.25%
Rising Bank3 Years3.85%
Rising Bank2 Years3.80%
Rising Bank1 Year3.70%
Service Credit Union5 Years3.50%
Sun East FCU1 Year3.25%
Synchrony Bank5 Years3.61%
Synchrony Bank4 Years3.50%
Synchrony Bank3 Years3.50%
Synchrony Bank2 Years3.40%
Synchrony Bank1 Year3.15%
Synchrony Bank6 Months2.50%
Synchrony Bank3 Months1.75%
TAB Bank2 Years3.32%
TAB Bank1 Year3.25%
TAB Bank6 Months2.69%
TDECU6 Months2.00%
TIAA4 Years3.25%
TIAA1 Year3.15%
TotalDirectBank6 Months2.75%
TotalDirectBank3 Months2.00%
USAlliance Financial1 Year3.75%
USAlliance Financial2 Years3.40%
Wright-Patt Credit Union6 Months2.43%

Average 3 Year CD Rates

Best 3 Month CD Rates

TermBankRateMinimum
3 MonthsMerrick Bank2.45% APY$25,000.00
3 MonthsChevron Federal Credit Union2.15% APY$500.00
3 MonthsSpectrum Credit Union2.15% APY$500.00
3 MonthsTotalDirect Bank2.00% APY$25,000.00
3 MonthsSynchrony Bank1.75% APY$0.00
3 MonthsPopular Direct1.75% APY$10,000.00
3 MonthsBethpage Federal Credit Union1.75% APY$50.00
3 MonthsTIAA Bank1.20% APY$1,000.00

Best 12 Month CD Rates

TermBankRateMinimum
12 MonthsState Bank of Texas3.85% APY$25,000.00
12 MonthsUSAlliance Financial3.75% APY$500.00
12 MonthsRising Bank3.70% APY$1,000.00
12 MonthsBread Savings3.60% APY$1,500.00
12 MonthsCommunityWide FCU3.25% APY$1,000.00
12 MonthsFirst National Bank of America3.25% APY$1,000.00

Best 2 Year CD Rates

TermBankRateMinimum
24 MonthsRising Bank3.80% APY$1,000
24 MonthsBread Savings3.75% APY$1,500
24 MonthsAmerican Heritage Credit Union3.75% APY$500
24 MonthsMerrick Bank3.70% APY$25,000
24 MonthsSynchrony Bank3.40% APY$.01

Best 3 Year CD Rates

TermBankRateMinimum
36 MonthsBread Savings4.00% APY$1,500
30 MonthsQuorum Federal Credit Union4.00% APY$1,000
36 MonthsMerrick Bank3.75% APY$25,000
36 MonthsPentagon Federal Credit Union3.60% APY$1,000
36 MonthsSynchrony Bank3.50% APY$0
36 MonthsFirst National Bank of America3.40% APY$1,000

Best 4 Year CD Rates

TermBankRateMinimum
48 MonthsBread Savings4.15% APY$1,500
48 MonthsAmerican Heritage Credit Union4.00% APY$500
49 MonthsNASA Federal Credit Union3.85% APY$10,000
48 MonthsMerrick Bank3.75% APY$25,000
48 MonthsPenFed Credit Union3.50% APY$1,000
48 MonthsSynchrony Bank3.50% APY$0

Best 5 Year CD Rates

TermBankRateMinimum
60 MonthsBread Savings4.25% APY$1,500
60 MonthsAmerican Heritage Credit Union4.00% APY$500
60 MonthsSynchrony Bank3.61% APY$0
60 MonthsPenFed Credit Union3.60% APY$1,000
60 MonthsAlliant Credit Union3.60% APY$1,000
60 MonthsPopular Direct3.55% APY$10,000
60 MonthsFirst National Bank of America3.55% APY$1,000
60 MonthsMarcus by Goldman Sachs3.30% APY$500
60 MonthsConnexus Credit Union3.01% APY$5,000

Free CD Type Annuity Quote

Get a free annuity quote or use one of our annuity calculators.

Today's Best CD Type Annuity Rates

Fixed annuities provide a guaranteed rate for a specified period of time and are often referred to as a “CD Type Annuity” because of their similarities to a Certificate of Deposit.

TermInsurer AnnuityRateAM BestW/Ds 
2 Years Americo financial annuity logo AmericoPlatinum Assure4.30%AGreen check mark
3 Years Guaranty income life insurance company logo Guaranty Income LifeGuaranty Rate Lock5.30%A-Green check mark
4 Years Guaranty income life insurance company logo Guaranty Income LifeGuaranty Rate Lock5.40%A-Green check mark
5 Years Ibexis annuity logo Ibexis MYGA Plus6.00%A-Green check mark
6 Years Oceanview annuity logo OceanviewHarbourview5.30%A-Green check mark
7 Years Aspida annuity logo ASPIDASynergy Choice5.55%A-Red check mark
8 Years Oxford life insurance company logo Oxford LifeMulti-Select 4.95%AGreen check mark
9 Years Oxford life logo Oxford LifeMulti-Select 4.95%AGreen check mark
10 Years Oceanview annuity logo OceanviewHarbourview5.20%A-Green check mark

CDs vs Fixed Annuities

Fixed annuities work very much like a certificate of deposit (CD) but typically pay higher rates than CDs. Below are some of the similarities between the two:

  • Both pay a guaranteed rate for a set number of years
  • Both provide principal protection
  • Both typically allow free withdrawals of interest
  • Both provide full account value lump-sum death benefit
  • Fixed Annuities grow tax-deferred
  • Fixed Annuities can provide guaranteed lifetime income
  • CDs are FDIC Insured
  • Fixed Annuities are guaranteed by the claims-paying ability of the issuing life insurance company and State Guaranty Associations
 FIXED ANNUITYCD
Issued ByInsurance CompaniesBanks
Investment Amount$2,000 - $1,000,000Essentially Any Amount
Investment Term2 years - 10 years3 months - 5 years
Interest Rates (APY)Varies by product.Varies by bank, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by Insurer & State Guaranty Associations.Backed by the FDIC.
Death BenefitMay avoid probate.Probate process required.

How Much Interest Do CDs Pay?

Use our compound interest calculator to see how much interest a Certificate of Deposit will pay you monthly or annually. Just enter your investment amount in the principal field, your CD rate as the interest rate, and the length of your CD (in years) as the term.

Then hit calculate and that’s it!

CD Interest Calculator

Calculate a CD Rate's Real Rate of Return

In 18 of the past 30 years, CDs have had a negative return (after taking into account the impact of taxes and inflation), and in three of the positive years, they earned less than a 1% real rate of return.

Have you considered the impact that taxes have on interest?  Or, have you accounted for the impact inflation may have on your overall rate of return?

Generally, the interest received in these types of vehicles may not keep pace with inflation. This could mean lower purchasing power for you over time. Also, at renewal, a new rate along with a new withdrawal penalty may apply.

Here’s a quick way to determine your CD’s real rate of return:

Diagram showing how to calculate the real rate of return of a cd rate

Frequently Asked Questions


While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.”  Financial Industry Regulatory Authority (FINRA).  Visit FINRA’s Fixed Annuities Webpage

You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.

Fixed Annuities do not have any fees or expenses unless you add an additional rider that was not mentioned on this page.

A no-penalty CD is a type of CD that doesn’t have a penalty for withdrawing money before the term ends. It can be appealing if you want the traditionally higher yield of a CD, compared to regular savings accounts, but you might need the money sooner than you expect.

Most CDs have an early withdrawal penalty that tends to range from several months to a year’s worth of interest earned, depending on the CD term length and the bank’s policy. No-penalty CDs are the only type of CD that lets you withdraw money from a CD early without a fee.

The Federal Reserve and CD Rates

Federal reserve impacts cd rates: picture of the u. S. Federal reserve building in washington dc

The Federal Reserve’s interest rate decisions can impact the rates that banks offer on CDs. When the Fed raises or lowers the federal funds rate, banks typically respond by moving savings and money market account yields in the same direction.

CDs tend to track Treasuries closely. In 2019, a year when the Fed lowered rates three times, CDs generally decreased before or after a Fed rate cut.

Two emergency Fed rate cuts in March, and decreasing Treasury, are reasons many high-yield CDs decreased in 2020.

Top Bank CD Rate Reviews

My Annuity Store, Inc. pulled the CD rate information listed on this page from Bankrate.com. Rates are not guaranteed, can change frequently and may not be available in all states. These rates are meant for general education and comparison purposes only.

The rate information above is obtained by Bankrate.com from the listed institutions. Bankrate.com or myannuitystore.com cannot guarantee the accuracy or availability of any rates shown above. Institutions may have different rates on their own Websites than those posted on Bankrate.com.

All rates are subject to change without notice and may vary from branch to branch. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own website where you can find additional information. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers’ terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.

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