Lauren Smith, WalletHub Staff Writer
@laurenellesmith
The banks and credit unions with the highest interest rates on CDs are Charles Schwab Bank, Crescent Bank, and Popular Bank, all of which offer APYs above 5% on their certificates of deposit (CDs). In general, online financial institutions tend to offer higher yields than their brick-and-mortar counterparts. But you can find high rates many places now.
Highest Interest Rates on CDs
| Issuer | APY | Term Length | Minimum Deposit |
| 5.60% | 10 to 18 months | $1,000 | |
| 5.45% | 1 year | $1,000 | |
| 5.40% | 1 year | $10,000 | |
| 5.40% | 1 year | $25,000 | |
| 5.36% | 1 year | $1,000 | |
| 5.36% | 1 year | $5,000 | |
| 5.35% | 1 year | $500 | |
| 5.35% | 1 year | $1,000 | |
| 5.35% | 15 months | $500 |
You can compare CD rates here at WalletHub.
People also ask
Where can I get 5 percent interest on my money?
Several banks and credit unions offer Certificates of Deposit (CDs) with APYs of 5% or even higher. Currently, the Merchants Bank of Indiana CD has an APY of 4.08% on its 1, 2, and 3-year CDs. Here are other options to consider:
- 3-Month: Shoreham Bank CD has 3.90% APY. Minimum opening deposit of $1,000.
- 6-Month: Mountain View Bank of Commerce CD has 1.40% APY. Minimum opening deposit of $1,000.
- 1-Year: Texas Capital Bank CD offer a 3.90% APY. Minimum opening deposit of $1,000.
- 3-Year...
Where can I get 6% interest?
While CD interest rates are currently at a high point, there are no banks that currently offer a 6%APY. However, some credit unions do offer that rate, and even higher:
- Lewis Clark Credit Union - 7.23% APY on a 11 month CD
- Alpena Alcona Area Credit Union - 7.19% APY on a 7 month CD
- Chicago Patrolmen%s Federal Credit Union - 6.18% APY on a 3 month CD
- Complex Community Federal Credit Union - 6.00% APY on a 6 month CD
- Empower Federal Credit Union - 6.00%...
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