Be sure to remain invested throughout the life of the CD or you will face a penalty for early withdrawals. Premier Members Credit Union : 5.25% for 10-month CDsĭeposit $500 and this promotional rate is available for the life of the CD. That said, there is no maximum account balance limit here, so the more you have to deposit, the better, if you’re happy with that guaranteed return of 5.25% APY. Like many of its competitors, this CD from Credit Human has a $500 minimum deposit requirement to earn this high APY. Credit Human : 5.25% for 18- and- 23-month CDs This is a promotional rate so be ready for a sharp decrease at the end of the fixed term. USAlliance Financial : 5.25% APY for 18-month CDsĬome with the $500 deposit minimum requirement and you can earn 5.25% APY on your 18-month CD at USAlliance.

Just be sure to maintain a daily balance of $0.01 to make the APY on your balance. There is a $500 deposit minimum required to open this CD from Republic Bank. Just make the minimum deposit of $500 and be ready for the auto renewal at the end of the term, which could come without this high promotional offer. BrioDirect : 5.25% APY for 12-month CDsįor new accounts with BrioDirect, a division of Webster Bank, a 12-month CD here can generate one of the best available rates today at 5.25% APY. If you have that kind of cash available to deposit, then this one might just be for you. The high rate attached to this CD from Finworth, a division of INSABANK, is only available with a minimum deposit of $50,000.

The following banks and credit unions offer CDs with rates well above 5% APY.

For banks, this impact is significant: Because rising rates impact overall borrowing costs, banks typically alter their rates on CDs to attract new deposits and remain competitive. The Fed raised interest rates repeatedly this year.

Typical interest rate of a cd