Bank CDs are term deposits paying a fixed rate of interest. CD rates are set by the issuing bank and are fixed for the term of the CD. Bank CDs are FDIC-insured up to $100,000 per depositor. Penalties can apply for early withdrawal of funds. The highest rates on FDIC-insured CDs (certificates of deposit) are updated daily by Money-Rates.com. Check for the best rates below.
Short-term CD rates
FDIC-insured certificates of deposit with terms from 7 days to one year.
Mid-term and Long-term CD rates
FDIC-insured certificates of deposit with terms longer than one year
Indexed and Variable Rate CDs
FDIC-insured certificates of deposit with rates which are variable during the term of the CD. The rate can be indexed to a benchmark like the Prime Rate, Dow Jones Industrial Average, Inflation Rate, Foreign Currency, etc. and can change during the term of the CD as the underlying benchmark changes. Principal is FDIC-insured, but the rate of return is not guaranteed.
Local Bank CD Rate Deals by State