Ultimate Guide to Top CD Rates in 2024

Discover the Best Certificate of Deposit (CD) Rates Today

A Certificate of Deposit (CD) is a savings tool where you commit to leaving funds untouched for a fixed period in exchange for higher interest earnings from your bank. The term "CD rates" refers to the interest percentage earned on these deposits. Influenced by factors like the maturity duration and prevailing interest rates, these rates vary across institutions.

Goldman Sachs’s Marcus offers attractive CD rates

Marcus by Goldman Sachs, part of the renowned investment bank, provides competitive, FDIC-insured rates with a low minimum deposit of $500. Their current offerings include:

6-month: 0.60% APY

9-month: 0.70% APY

12-month: 2.55% APY

18-month: 2.55% APY

2-year: 2.60% APY

3-year: 2.65% APY

5-year: 3.10% APY

6-year: 3.15% APY

Synchrony Bank’s competitive CD offerings

Previously linked to GE, Synchrony is now an online bank providing attractive rates insured by the FDIC. It’s ideal for rising interest environments without long-term commitments. Their rates include:

3-months: 0.75% APY

6-months: 1.00% APY

9-months: 1.25% APY

12-months: 2.45% APY

13-months: 2.65% APY

18-months: 2.55% APY

24-months: 2.65% APY

36-months: 2.70% APY

48-months: 2.80% APY

60-months: 3.00% APY

Barclays’s savings and CD rates

With origins in London, Barclays ranks among the oldest banks globally and also offers competitive CD rates in the US. No minimum balances are necessary. Their rates are:

1-year: 2.45% APY

2-year: 2.50% APY

3-year: 2.55% APY

4-year: 2.65% APY

5-year: 3.00% APY

Ally Bank’s flexible CD options

Known as one of the largest online-only banks, Ally provides no minimum deposit requirements and insured deposits. Their rates differ based on deposit amounts:

3-months: 0.75% APY (for deposits < $5k); Same for $5k and $25k deposits

6-months: 1.00% APY (same tiers)

9-months: 1.25% APY

12-months: 2.25% (less than $5k), 2.40% ($5k), 2.50% ($25k)

18-months: 2.35%, 2.45%, 2.55% (corresponding to deposit tiers)

3-year: 2.50%, 2.55%, 2.60%

5-year: 2.75%, 2.90%, 3.00%

CIT Bank’s high-yield CDs

Founded in 2009 with over $42 billion in assets, CIT Bank offers one of the top CD rates, such as a 2.50% APY on a 12-month term with just a $1,000 minimum deposit.

Average current CD rates

Interest rates fluctuate daily; as of now, FDIC data shows:

1-month: 0.07%

3-month: 0.11%

6-month: 0.18%

1-year: 0.31%

2-year: 0.47%

3-year: 0.62%

4-year: 0.73%

5-year: 0.92%