Guiding your life’s biggest financial moments

Banking

Current CD prices – November 2021

A deposit certificate (CD) is a term account. A bank agrees to pay interest at a certain rate if savers deposit their money for a fixed term or period.

Find current CD rates and recent interest rate trends from Bankrate below. Here are the current average rates for the week of November 17:

  • 1-year CD rate: 0.14%
  • 5-year CD rate: 0.27%
  • Jumbo CD rate at 1 year: 0.16%
  • 5-year jumbo CD rate: 0.27%
  • Money Market Account Rate: 0.07%

Many online banks’ CD rates declined in 2020 after the Federal Reserve lowered the fed funds rate to near zero in March 2020. Falling Treasury yields can also cause CD rates to drop. Overall, CD rates have remained stable over the past few months. However, there have been a few rate increases and decreases.

Latest CD rates: 3-month trend

Dated One year CD 5 year CD One year jumbo 5 year old jumbo Money market account
11/17/2021 0.14% 0.27% 0.16% 0.27% 0.07%
10/11/2021 0.14% 0.27% 0.16% 0.27% 0.07%
03/11/2021 0.14% 0.27% 0.16% 0.28% 0.07%
10/27/2021 0.14% 0.27% 0.16% 0.28% 0.07%
20/10/2021 0.15% 0.28% 0.16% 0.29% 0.07%
10/13/2021 0.15% 0.28% 0.16% 0.29% 0.07%
06/10/2021 0.15% 0.28% 0.16% 0.29% 0.07%
09/29/2021 0.15% 0.28% 0.16% 0.29% 0.07%
22/09/2021 0.15% 0.28% 0.16% 0.29% 0.07%
09/15/2021 0.15% 0.28% 0.16% 0.29% 0.07%
09/08/2021 0.17% 0.30% 0.18% 0.31% 0.07%
09/01/2021 0.17% 0.31% 0.19% 0.32% 0.07%
08/25/2021 0.17% 0.31% 0.19% 0.32% 0.07%
08/18/2021 0.17% 0.31% 0.19% 0.32% 0.07%
08/11/2021 0.17% 0.31% 0.19% 0.32% 0.07%

There is no need to stick to low rates. Here are some of the best CD rates by term from popular banks:

Compare current CD prices per quarter for November 2021

Current CD prices: 6 months

  • Quontic Bank: 0.45% APY
  • Indiana’s # 1 Internet Bank: 0.45% APY
  • Limelight Bank: 0.45% APY
  • Federal Navy Credit Union: 0.45% APY
  • Bethpage Federal Credit Union: 0.40% APY

See the best additional CD rates over 6 months.

Current CD prices: 1 year

  • Bank of live oaks: 0.65% APY
  • Comenity Direct: 0.65% APY
  • Indiana’s # 1 Internet Bank: 0.60% APY
  • Sallie Mae Bank: 0.60% APY
  • Allied bank: 0.55% APY

See the best additional CD rates over 1 year.

Current CD prices: 3 years

  • Quontic Bank: 1.00% APY
  • Pentagon Federal Credit Union: 1.00% APY
  • Indiana’s # 1 Internet Bank: 0.80% APY
  • Comenity Direct: 0.80% APY
  • Delta Community Credit Union: 0.75% APY

See the best additional CD rates over 3 years.

Current CD prices: 5 years

  • Pentagon Federal Credit Union: 1.25% APY
  • Quontic Bank: 1.11% APY
  • SchoolsFirst Federal Credit Union: 1.01% APY
  • VyStar Credit Union: 1.00% APY
  • Delta Community Credit Union: 0.95% APY

See the best additional CD rates over 5 years.

Note: Annual Percentage Returns (APYs) shown are as of November 18, 2021 and apply to balances of $ 25,000 or more. APYs for some products may vary by region.

Current CD Rates FAQs

What are the prices of CDs today?

According to Bankrate’s most recent national survey of banks and savings banks, the average rate for a one-year CD is 0.14%. The average rate for a five-year CD is 0.27 percent. The average rate for a one-year jumbo CD is 0.16%. The five-year average jumbo CD rate is 0.27 percent.

The Federal Reserve and CD rates

When the Federal Reserve makes decisions on interest rates, the rates offered by banks on CDs may change.

The Fed can choose to raise or lower the federal funds rate. Once the central bank makes the decision to change the rate, banks will generally move CD yields in the same direction. Wider macroeconomic conditions also influence CD rates.

CD rates generally closely follow the direction of the Federal Reserve. After the Fed made two emergency rate cuts in March 2020, CD rates fell. In recent months, the CD rates of the best performing banks have generally remained stable, with an occasional increase or decrease in some banks.

How are CD interest rates determined?

CD levels are determined by several factors. Decisions made by the Federal Reserve on the federal funds rate will influence CD rates.

Competition between banks and credit unions will also influence payment on their CDs, as well as whether or not the financial institution needs deposits. In general, online banks tend to pay higher rates than banks with branches.

Changes in Treasury yields and economic conditions also influence CD rates.

Learn more:

  • What is a certificate of deposit?
  • Which CD Account is Right for You?
  • Find out how CD security can boost your portfolio returns

Learn more about other terms on the CD:

  • Best 18-month CD rates
  • Best 3-year CD rates
  • Best Jumbo CD Rates

You may also like...

Leave a Reply