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  1. Best CD Rates Of June 2024: Up To 5.30% – Forbes Advisor

  2. People also ask
    The best 1-year CD rate is 5.40% APY, available from NexBank. To find you the highest 1-year CD rates nationwide, we review CD rates from hundreds of banks and credit unions every day. Investopedia has been tracking CD rates since 2019.
    A CD rate is an interest rate that shows what a bank or credit union will pay you for depositing your money with them for a certain time in a certificate of deposit (CD). For example, if the rate is 5.50% for a 1-year CD, the bank or credit union will pay you 5.50% in interest on your money for keeping it in the account, untouched, for 12 months.
    A one-year CD is simply a certificate of deposit with a one-year term. Typically, you cannot withdraw your money before this term is complete without incurring an early withdrawal penalty. You invest your money for one year, and the bank guarantees you a fixed interest rate for one year. How Does a 1-Year CD Work?
    In April 2024, the national average interest rate for a 1-year CD was 1.81% APY, according to the FDIC. The best CD rates nationwide are 3x higher, so be sure to shop around to find the best CD rate and institution for you. Shop around to learn where the highest 1-year CD rates are offered.
    One-year CD rates are still high. According to data from the St. Louis Federal Reserve, the average interest rate paid on CDs went up six-fold in 2022 and stayed high throughout 2023, with competition among banks pushing them even higher. The best one-year CD rates today top 5.00% APY.
    CD type: Some CDs have an unusual feature, such as a no-penalty CD that doesn’t charge for early withdrawals or a bump-up CD that allows for a rate increase during a term. High-yield CDs work like standard CDs but have the best rates and are often at online banks. See types of CDs.
  3. Marcus CD Rates | Marcus by Goldman Sachs®

  4. Certificates of Deposit » ST Bank

  5. Savings & CDs Rates | OceanFirst Bank

  6. Best 1-Year CD Rates Of May 2024 – Forbes Advisor

  7. Current CD and IRA Rates | Gate City Bank

  8. Certificate of Deposit Rates – All Rates and Fees – Lending

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