New National Leader: Jumbo CD with 5.85% Interest Rate

We ⁣have ‍a new overall rate.html” title=”New National Leader: Jumbo CD with 5.85% Interest Rate”>rate leader‌ today—a freshly unveiled​ 6-month jumbo CD paying 5.85% APY. If you can’t manage a $100,000 deposit, ⁣though, today also brings a ‌new option to earn the⁤ top standard-CD rate of 5.75% APY.

The new jumbo leader is offered by One American Bank on a 170-day term. Among standard CDs, the leading 5.75% rate ⁤is still available from ⁢MapleMark Bank for 12 months, but now ⁣also from Abound ​Credit Union for‌ 10 months.

Key ​Takeaways

The highest nationwide CD rate is now⁣ 5.85%, but it’s‌ only available⁢ as⁤ a jumbo certificate with ⁣a $100,000 deposit.

For smaller⁣ deposits, the overall leading rate in our daily ranking ⁣of the best‌ nationwide CDs is 5.75%, with a ⁣second option ⁤joining the ranks today at that⁢ rate.

The number of ‌our “Benchmark Leaders”—those offering 5.50% or ⁣more—is up to 29, from 28 yesterday and ‌just 15⁤ at the start of August.

The longest‍ duration for ⁢which you can earn at least 5.00% remains ⁢three years at a rate of 5.13%‌ APY, ⁣or…

2023-08-22 16:40:56
Source from www.investopedia.com
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