Best CD Rates in USA 2023

Best CD Rates in USA

CD Rates in USA: Certificate of Deposit (CD) is a financial product that allows you to deposit your money for a fixed period of time at a guaranteed interest rate. If you’re looking to invest in a CD, it’s important to shop around to find the best rates available. Here are some of the best CD rates for 2023:

Navy Federal Credit Union: 5-year CD at 1.70% APY

Navy Federal Credit Union is a well-known credit union that offers a range of financial products and services to its members. Their 5-year CD currently offers an impressive rate of 1.70% APY, making it one of the best CD rates on the market.

Capital One 360: 5-year CD at 1.60% APY

Capital One 360 is a popular online bank that offers a range of financial products, including CDs. Their 5-year CD currently offers a competitive rate of 1.60% APY, with a minimum deposit of $1,000.

Ally Bank: 5-year CD at 1.50% APY

Ally Bank is another popular online bank that offers competitive rates on their CDs. Their 5-year CD currently offers a rate of 1.50% APY, with no minimum deposit required.

Marcus by Goldman Sachs: 5-year CD at 1.45% APY

Marcus by Goldman Sachs is an online bank that offers high-yield savings accounts, personal loans, and CDs. Their 5-year CD currently offers a rate of 1.45% APY, with a minimum deposit of $500.

Discover Bank: 5-year CD at 1.40% APY

Discover Bank is a well-known online bank that offers a range of financial products, including CDs. Their 5-year CD currently offers a rate of 1.40% APY, with a minimum deposit of $2,500.

In conclusion, if you’re looking to invest in a CD, it’s important to shop around and compare rates to find the best option for you. Keep in mind that the longer the term of the CD, the higher the interest rate will typically be. It’s also important to consider any fees or penalties that may apply if you need to withdraw your money before the end of the term. With careful research and consideration, you can find the best CD rates for 2023 and make a smart investment choice.