bank rates

Use This Guide To Track Top CD Rates

May has been the most active month of the year to date for the top nationally available certificates of deposit we’re watching.

And there’s still a week to go.

As of Thursday, there were 37 rate changes among the six terms we track for our CD Rates Leaderboard.

Thirty-two of those changes were either rate increases or banks that joined our list for the first time.

This is perhaps an indication the banks offering the top rates to savers everywhere are starting to get more competitive.

We know this to be true for 60-month CD rates, as we’ve gone from zero to 12 banks that pay at least 2% APY in the last year.

But we’re starting to see movement elsewhere, too.

This month, for example, there have been 10 rate changes among the top 36-month CDs we’re following.

On May 1, there was a single bank that offered a rate of 1.44% or better; now there are three.

And we’ve moved from eight to 11 banks that pay at least 1.30% APY.

With so many changes happening so quickly (thankfully, most of them are positive), we thought this would be a great time to introduce a new feature. We’ve built a handy place for you to track the movement of all of the best bank CD rates we’re following.

We’ll update these lists daily, so be sure to bookmark your favorite term:

You can check back any time you’d like, but we’ll also let you know when there’s been movement among the more than three dozen banks we’re tracking, not just when a new top offer emerges on our Leaderboard.

This way, you can know as soon as we do when the competition has grown fiercer.

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