![]() To be eligible for our rankings, the institution must be federally insured ( FDIC for banks, NCUA for credit unions) and must offer CDs with a minimum initial deposit of $25,000 or less. To help you find the top 5-year CD rates to maximize your earnings, we regularly research and rank the rates from about 200 banks and credit unions that offer CDs to customers nationwide. ![]() CD rates closely follow the fed funds rate, so if the Fed implements a further increase, that could nudge CD rates higher still. 1-after 11 hikes in the previous 12 meetings-it has indicated that an additional increase is still on the table. Though the Fed held its benchmark rate steady for a second consecutive meeting on Nov. Today’s CD rates are higher than we’ve seen in more than 20 years, pushed up by the Federal Reserve’s rate-hike campaign that began in March 2022 to tame decades-high inflation.
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