16 Best 5-Year CD Rates for January 2025 - NerdWallet

Aug 29, 2019 · NerdWallet's Best 5-Year CD Rates for January 2025. Bread Savings™️ CD: 3.85% APY; Alliant Credit Union Certificate: 3.65% APY; BMO Alto Certificate of Deposit: 3.90% APY; Synchrony Bank CD: 4 ...

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16 Best 5-Year CD Rates For January 2025 - NerdWallet

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Best CD Rates For January 2025: Up To 4.54% - NerdWallet

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The best CD rates above 5% APY have dried up, and promotional CD rates have dropped below that threshold too. The highest CD rate we feature on this page is 4.54% APY for a 9-month …

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Best CD Rates Of January 2025 (Up To 5.25%) - Bankrate

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Dec 23, 2024 · Best CD rates from top banks for January 2025 Note: Annual percentage yields (APYs) shown were updated between Dec. 24 and Dec. 30. All other information is current as …

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Best CD Rates For January 2025: Up To 5.50% - Investopedia

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Investopedia collects thousands of CD rates from hundreds of banks and credit unions every weekday. When ranking CD rates, we look at factors like term, early withdrawal penalty, and minimum opening deposit. We also research banks and credit unions to provide unbiased, comprehensive reviews to ensure our readers make the right decisions for their n...

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Best 5-Year CD Rates Of December 2024 – Forbes Advisor

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Dec 18, 2024 · Right now, First National Bank of America has one of the best five-year CD rates at 3.83%. If the Fed raises interest rates in the future, five-year CD rates could increase again. …

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Best CD Rates January 2025: Where To Find Top Returns

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Barclays: A 5-year CD with an APY of 4.50%. American Express National Bank: A 5-year CD with an APY of 4.55%. PurePoint Financial: A 5-year CD with an APY of 4.60%. Factors to …

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When Will High CD Rates Go Down? – Forbes Advisor

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Jan 8, 2024 · As of January 5, some of the top one-year CDs had yields of almost 6%. Much of that rate increase has been driven by the Federal Reserve’s inflation-fighting campaign of …

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12 Best CD Rates Of December 2024: Up To 4.65% - Forbes

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Dec 20, 2024 · The best CD rates of 2024 are as high as 4.65% APY, offered by CommunityWide Federal Credit Union on a 6-month certificate. ... Best 5-Year CD at 3.83% APY;

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Current CD Rates, Dec. 2024: APYs Are Falling - NerdWallet

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Dec 18, 2024 · The falling-rate environment is in full swing. The best CD rates have largely dropped from around 5% to 4% annual percentage yields for six-month through one-year …

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Best No-Penalty CD Rates For January 2025 - CNBC

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Dec 20, 2024 · Best no-penalty CD rates. Best from an online-only bank: Marcus by Goldman Sachs® - 4.20% APY; Best from a big bank: Bank of America - 3.75% APY; Best for no …

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Buying A House In 2025: Your How-To Guide - NerdWallet

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Dec 17, 2024 · Finally, mortgage rates: After topping 8% in October 2023, the 30-year mortgage rate has slowly eased into the 6.5%-7% range this year. Rate cuts from the Federal Reserve …

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FAQs about 16 Best 5-Year CD Rates for January 2025 - NerdWallet Coupon?

What is the best 5-year CD rate?

The best 5-year CD rate is 4.25% APY from Popular Direct. To find you the highest 5-year CD rates nationwide, we review CD rates from hundreds of banks and credit unions every day. CD terms of 54–66 months are eligible for our 5-year rankings, with minimum deposit requirements of up to $25,000. ...

Do 5 year CDs pay higher APY?

Potentially higher APY than other options: Depending on the current interest rate environment, 5-year CDs may pay higher rates than savings and money market accounts or shorter CDs. It's not always true, but in times when rates are falling, 5-year CD rates are often the best-paying deposit account. ...

Are 5 year CDs a good investment?

Because it is very difficult to predict the start of a recession or the beginning of a recovery, some individuals prefer to create a CD ladder and five year CDs are an important part of a laddering strategy. Five year CDs from online banks pay rates that are well above one year CDs and are comparable to five year CDs from branch banks. ...

What is a 5 year CD?

A five-year CD is a certificate of deposit that keeps your money locked up for five years, or 60 months. CDs typically offer higher interest rates than savings accounts and other types of deposit accounts, making them a good option if you want to grow your money. ...

What is a five-year certificate of deposit (CD)?

Five-Year Certificates of Deposit (CD) are generally the longest term CD that most banks will offer. They tend to offer the highest rates but require the longest commitment. Five-year CDs are especially popular in a declining interest rate environment as depositors can lock money in at the highest rate possible for the longest period of time. ...

How does a 5 year CD work?

When you open a five-year CD, you agree to deposit a set amount of money into an account and leave it there for five years. In return, the issuing bank promises to pay you interest at a guaranteed rate. The interest might be compounded daily, monthly, quarterly or annually. ...