Top CD Rates for 2024: Compare and Find the Best Certificate of Deposit Rates Today

Business Insider has identified the best CD rates available in 2024, with a focus on credit unions and online banks. The top pick is the California Coast Credit Union Celebration Certificate, offering an impressive 9.50% APY for a limited-time 5-month term. However, there are eligibility criteria and restrictions on the maximum deposit amount.

Other notable CD rates include the Climate First Bank 6 Month No Penalty CD, TotalDirectBank 3 Month CD, State Bank of Texas 1 Year CD Special, Credit Human 18 Month Share Certificate, Crescent Bank 2 Year CD, DollarSavingsDirect 3 Year CD, and BMO Alto High Yield CD. Each of these options has its own unique features and benefits.

Experts advise considering factors such as minimum deposit requirements, early withdrawal penalties, account fees, and bank reputation when choosing a CD. It’s important to select a CD that aligns with your financial goals and needs, rather than simply focusing on the highest interest rate.

Overall, the best CDs offer competitive interest rates, favorable terms, and safety through FDIC or NCUA insurance. By carefully evaluating these factors, individuals can secure the best CD for their financial future.