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Best CD Rates for November 2022
- Updated: November 28, 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
| Bank | Term | Rate |
|---|---|---|
| Bethpage FCU | 3 Months | 1.75% |
| Lafayette Federal Credit Union | 5 Years | 4.42% |
| Spectrum Federal Credit Union | 6 Months | 2.25% |
| Spectrum Federal Credit Union | 3 Months | 2.15% |
| Bread Savings | 5 Years | 4.25% |
| Bread Savings | 4 Years | 4.15% |
| Bread Savings | 3 Years | 4.00% |
| Lafayette Federal Credit Union | 4 Years | 4.32% |
| Lafayette Federal Credit Union | 3 Years | 4.22% |
| Alliant Credit Union | 5 Years | 3.60% |
| Amarillo National Bank | 6 Months | 2.15% |
| American First Credit Union | 2 Years | 3.80% |
| American First Credit Union | 1 Year | 3.50% |
| American Heritage FCU | 5 Years | 4.00% |
| American Heritage FCU | 4 Years | 4.00% |
| American Heritage FCU | 2 Years | 3.75% |
| American Heritage FCU | 3 Years | 3.65% |
| Andrews Federal CU | 4 Years | 3.25% |
| Apple Bank | 6 Months | 2.25% |
| Barclays | 5 Years | 3.50% |
| Barclays | 4 Years | 3.25% |
| Bethpage FCU | 4 Years | 3.20% |
| Bread Savings | 2 Years | 3.75% |
| Bread Savings | 1 Year | 3.60% |
| Capital One | 5 Years | 3.50% |
| Capital One | 3 Years | 3.40% |
| Capital One | 2 Years | 3.30% |
| Capital One | 1 Year | 3.25% |
| CFG Bank | 5 Years | 3.70% |
| CFG Bank | 3 Years | 3.65% |
| CFG Bank | 1 Year | 3.56% |
| Chevron Federal Credit Union | 6 Months | 2.25% |
| Chevron Federal Credit Union | 3 Months | 2.15% |
| Citadel Credit Union | 3 Years | 3.50% |
| CommunityWide FCU | 4 Years | 3.25% |
| CommunityWide FCU | 1 Year | 3.25% |
| CommunityWide FCU | 6 Months | 3.25% |
| Connexus Credit Union | 3 Years | 3.61% |
| Connexus Credit Union | 2 Years | 3.56% |
| Connexus Credit Union | 1 Year | 3.51% |
| Crescent Bank | 5 Years | 3.60% |
| Crescent Bank | 4 Years | 3.55% |
| Crescent Bank | 3 Years | 3.50% |
| Crescent Bank | 2 Years | 3.40% |
| Discover Bank | 4 Years | 3.20% |
| EECU | 3 Months | 1.26% |
| EFCU Financial | 5 Years | 3.50% |
| Evansville Teachers FCU | 4 Years | 3.25% |
| Evansville Teachers FCU | 6 Months | 2.25% |
| Evansville Teachers FCU | 3 Months | 2.00% |
| First Internet Bank | 5 Years | 3.66% |
| First Internet Bank | 4 Years | 3.61% |
| First Internet Bank | 3 Years | 3.56% |
| First Internet Bank | 2 Years | 3.51% |
| First Internet Bank | 1 Year | 3.40% |
| First Internet Bank | 6 Months | 2.63% |
| First National Bank of America | 5 Years | 3.55% |
| First National Bank of America | 3 Years | 3.40% |
| First National Bank of America | 1 Year | 3.25% |
| Franklin Mint FCU | 4 Years | 3.25% |
| Freedom Credit Union | 3 Years | 4.08% |
| Freedom Credit Union | 2 Years | 3.56% |
| Freedom Credit Union | 6 Months | 2.02% |
| Hudson Valley Credit Union | 3 Years | 3.50% |
| Hudson Valley Credit Union | 2 Years | 3.50% |
| Hudson Valley Credit Union | 4 Years | 3.25% |
| Intrust Bank | 5 Years | 3.50% |
| Intrust Bank | 4 Years | 3.50% |
| Intrust Bank | 3 Years | 3.50% |
| Intrust Bank | 2 Years | 3.50% |
| Intrust Bank | 6 Months | 2.65% |
| KS State Bank | 5 Years | 3.70% |
| Lafayette Federal Credit Union | 2 Years | 4.11% |
| Lafayette Federal Credit Union | 1 Year | 3.80% |
| LiveOak Bank | 2 Years | 3.50% |
| LiveOak Bank | 1 Year | 3.50% |
| LiveOak Bank | 6 Months | 2.75% |
| Luana Savings Bank | 6 Months | 2.69% |
| Luana Savings Bank | 3 Months | 2.17% |
| Marcus by Goldman Sachs | 4 Years | 3.20% |
| Merchants Bank of Indiana | 6 Months | 2.63% |
| Merchants Bank of Indiana | 3 Months | 2.63% |
| Merrick Bank | 5 Years | 3.75% |
| Merrick Bank | 4 Years | 3.75% |
| Merrick Bank | 3 Years | 3.75% |
| Merrick Bank | 2 Years | 3.70% |
| Merrick Bank | 1 Year | 3.60% |
| Merrick Bank | 6 Months | 2.80% |
| Merrick Bank | 3 Months | 2.45% |
| Mountain America Credit Union | 5 Years | 3.75% |
| Mountain America Credit Union | 4 Years | 3.25% |
| My eBanc | 3 Years | 3.51% |
| My eBanc | 1 Year | 3.30% |
| My eBanc | 6 Months | 2.84% |
| MYSB Direct | 5 Years | 3.75% |
| MYSB Direct | 4 Years | 3.50% |
| MYSB Direct | 3 Years | 3.50% |
| PENFED Credit Union | 5 Years | 3.60% |
| PENFED Credit Union | 3 Years | 3.60% |
| PENFED Credit Union | 4 Years | 3.50% |
| PENFED Credit Union | 2 Years | 3.50% |
| PENFED Credit Union | 1 Year | 3.15% |
| Popular Direct | 5 Years | 3.55% |
| Popular Direct | 3 Years | 3.40% |
| Popular Direct | 2 Years | 3.30% |
| Popular Direct | 1 Year | 3.20% |
| Popular Direct | 6 Months | 2.45% |
| Popular Direct | 3 Months | 1.75% |
| Quorum Federal Credit Union | 2 Years | 3.60% |
| Radius Bank - LendingClub | 3 Years | 3.25% |
| Rising Bank | 3 Years | 3.85% |
| Rising Bank | 2 Years | 3.80% |
| Rising Bank | 1 Year | 3.70% |
| Service Credit Union | 5 Years | 3.50% |
| Sun East FCU | 1 Year | 3.25% |
| Synchrony Bank | 5 Years | 3.61% |
| Synchrony Bank | 4 Years | 3.50% |
| Synchrony Bank | 3 Years | 3.50% |
| Synchrony Bank | 2 Years | 3.40% |
| Synchrony Bank | 1 Year | 3.15% |
| Synchrony Bank | 6 Months | 2.50% |
| Synchrony Bank | 3 Months | 1.75% |
| TAB Bank | 2 Years | 3.32% |
| TAB Bank | 1 Year | 3.25% |
| TAB Bank | 6 Months | 2.69% |
| TDECU | 6 Months | 2.00% |
| TIAA | 4 Years | 3.25% |
| TIAA | 1 Year | 3.15% |
| TotalDirectBank | 6 Months | 2.75% |
| TotalDirectBank | 3 Months | 2.00% |
| USAlliance Financial | 1 Year | 3.75% |
| USAlliance Financial | 2 Years | 3.40% |
| Wright-Patt Credit Union | 6 Months | 2.43% |
Average 3 Year CD Rates
Best 3 Month CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 3 Months | Merrick Bank | 2.45% APY | $25,000.00 |
| 3 Months | Chevron Federal Credit Union | 2.15% APY | $500.00 |
| 3 Months | Spectrum Credit Union | 2.15% APY | $500.00 |
| 3 Months | TotalDirect Bank | 2.00% APY | $25,000.00 |
| 3 Months | Synchrony Bank | 1.75% APY | $0.00 |
| 3 Months | Popular Direct | 1.75% APY | $10,000.00 |
| 3 Months | Bethpage Federal Credit Union | 1.75% APY | $50.00 |
| 3 Months | TIAA Bank | 1.20% APY | $1,000.00 |
Best 12 Month CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 12 Months | State Bank of Texas | 3.85% APY | $25,000.00 |
| 12 Months | USAlliance Financial | 3.75% APY | $500.00 |
| 12 Months | Rising Bank | 3.70% APY | $1,000.00 |
| 12 Months | Bread Savings | 3.60% APY | $1,500.00 |
| 12 Months | CommunityWide FCU | 3.25% APY | $1,000.00 |
| 12 Months | First National Bank of America | 3.25% APY | $1,000.00 |
Best 2 Year CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 24 Months | Rising Bank | 3.80% APY | $1,000 |
| 24 Months | Bread Savings | 3.75% APY | $1,500 |
| 24 Months | American Heritage Credit Union | 3.75% APY | $500 |
| 24 Months | Merrick Bank | 3.70% APY | $25,000 |
| 24 Months | Synchrony Bank | 3.40% APY | $.01 |
Best 3 Year CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 36 Months | Bread Savings | 4.00% APY | $1,500 |
| 30 Months | Quorum Federal Credit Union | 4.00% APY | $1,000 |
| 36 Months | Merrick Bank | 3.75% APY | $25,000 |
| 36 Months | Pentagon Federal Credit Union | 3.60% APY | $1,000 |
| 36 Months | Synchrony Bank | 3.50% APY | $0 |
| 36 Months | First National Bank of America | 3.40% APY | $1,000 |
Best 4 Year CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 48 Months | Bread Savings | 4.15% APY | $1,500 |
| 48 Months | American Heritage Credit Union | 4.00% APY | $500 |
| 49 Months | NASA Federal Credit Union | 3.85% APY | $10,000 |
| 48 Months | Merrick Bank | 3.75% APY | $25,000 |
| 48 Months | PenFed Credit Union | 3.50% APY | $1,000 |
| 48 Months | Synchrony Bank | 3.50% APY | $0 |
Best 5 Year CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 60 Months | Bread Savings | 4.25% APY | $1,500 |
| 60 Months | American Heritage Credit Union | 4.00% APY | $500 |
| 60 Months | Synchrony Bank | 3.61% APY | $0 |
| 60 Months | PenFed Credit Union | 3.60% APY | $1,000 |
| 60 Months | Alliant Credit Union | 3.60% APY | $1,000 |
| 60 Months | Popular Direct | 3.55% APY | $10,000 |
| 60 Months | First National Bank of America | 3.55% APY | $1,000 |
| 60 Months | Marcus by Goldman Sachs | 3.30% APY | $500 |
| 60 Months | Connexus Credit Union | 3.01% APY | $5,000 |
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.
| Term | Insurer | Annuity | Rate | AM Best | W/Ds | ||
|---|---|---|---|---|---|---|---|
| 2 Years | 
| Americo | Platinum Assure | 4.30% | A |  | |
| 3 Years | 
| Guaranty Income Life | Guaranty Rate Lock | 5.30% | A- | | |
| 4 Years |
| Guaranty Income Life | Guaranty Rate Lock | 5.40% | A- | | |
| 5 Years | 
| Ibexis | MYGA Plus | 6.00% | A- | | |
| 6 Years | 
| Oceanview | Harbourview | 5.30% | A- | | |
| 7 Years | 
| ASPIDA | Synergy Choice | 5.55% | A- |  | |
| 8 Years | 
| Oxford Life | Multi-Select | 4.95% | A | | |
| 9 Years | 
| Oxford Life | Multi-Select | 4.95% | A | | |
| 10 Years |
| Oceanview | Harbourview | 5.20% | A- | |
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 ANNUITY | CD | |
|---|---|---|
| Issued By | Insurance Companies | Banks |
| Investment Amount | $2,000 - $1,000,000 | Essentially Any Amount |
| Investment Term | 2 years - 10 years | 3 months - 5 years |
| Interest Rates (APY) | Varies by product. | Varies by bank, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by Insurer & State Guaranty Associations. | Backed by the FDIC. |
| Death Benefit | May 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:
Frequently Asked Questions
Are Annuities FDIC Insured?
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
Can you Loose money in a fixed annuity?
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.
Does a Fixed Annuity Have any Fees?
Fixed Annuities do not have any fees or expenses unless you add an additional rider that was not mentioned on this page.
What is a No-Penalty CD?
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.
What happens if You withdraw from a CD early?
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
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
Sources
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.
Disclosure Regarding CD Rates Listed on This Page
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.
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