Top CD Rates Today, April 10

See how today's top nationwide rate is trending for every CD term

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The elevated rates that CD shoppers have been enjoying held their ground today, with every term retaining the top nationally available rate we saw Friday. Indeed, savers continue to have numerous opportunities to earn upwards of 5% in every term up to three years. The top rate you can earn on any CD is 5.50% and that's available on a 19-month CD from Hyperion Bank. Only in the 4-year, 5-year, and 10-year tiers are the top nationwide rates registering in the 4% range.

Key Takeaways

  • The top nationwide rate held steady in every term today.
  • Fourteen CD options currently pay at least 5.25% APY.
  • The most you can earn on a CD of any length is 5.50% APY on a 19-month term.
  • Jumbo CD rates also held their ground, with a top yield of 5.25% in two terms.
CD Term  Yesterday's Top National Rate  Today's Top National Rate Day's Change (percentage points)
3 months 5.00% APY 5.00% APY No change
6 months  5.25% APY 5.25% APY No change
1 year  5.25% APY  5.25% APY No change
18 months 5.50% APY 5.50% APY No change
2 years  5.35% APY 5.35% APY No change
3 years  5.35% APY  5.35% APY No change
4 years 4.73% APY 4.73% APY No change
5 years  4.68% APY  4.68% APY No change
10 years 4.30% APY 4.30% APY No change
To view the top 15–20 nationwide rates in any term, click on the desired term length in the table above.

Since March 3, the top annual percentage yield (APY) available on any nationwide CD has been 5.50% APY, originally from Credit Human on its 24-35 month offer and now from Hyperion Bank on its shorter 19-month CD.

 CD Term Today's Top National Bank Rate Today's Top National Credit Union Rate Today's Top National Jumbo Rate
3 months  5.00% APY 4.50% APY  3.91% APY 
6 months  5.25% APY 5.25% APY  5.25% APY 
1 year  5.25% APY  5.15% APY 5.15% APY 
18 months  5.50% APY  5.25% APY  5.25% APY 
2 years  5.28% APY  5.35% APY  5.04% APY 
3 years  4.60% APY  5.35% APY  4.99% APY 
4 years  4.55% APY  4.73% APY  4.89% APY 
5 years  4.50% APY  4.68% APY  4.84% APY 
10 years 4.10% APY 4.30% APY None
To view our lists of the top-paying CDs across terms for bank, credit union, and jumbo certificates, click on the column headers above.

Jumbo CD rates marched in place today, with the top rate remaining 5.25% in the 6-month and 18-month terms. As is often the case, you can earn more with a standard CD in most terms.

Mixed CD Rates News for the Past Week

Looking back a full week, movement in the top CD rates was a mixed bag. On the upside, you can now earn 5.50% on a 19-month certificate from Hyperion Bank, an improvement of a quarter point in that tier since last Monday. You can also earn a quarter point more on 3-month CDs this week, which currently max out at 5.00% at Newtek Bank.

But the 5.50% APY you could earn a week ago on terms of 2 to 3 years is gone, replaced by a top rate of 5.35% APY in both terms. Langley Federal Credit Union is offering that rate on 22-month certificates, while Credit Human let you choose any term of 24 to 35 months for that rate.

Will CD Rates Rise or Fall?

CD rates climbed in 2022 as a result of the Federal Reserve raising the federal funds rate to combat inflation. The Fed's actions this year have pushed rates to heights not seen in years. The Fed has already raised the fed funds rate twice this year, both times by 0.25%. While still an increase, the hikes were lower than last year when inflation was higher than it is now.

Below you can see how CD rates have trended over the last few years. The points on the graph indicate the highest CD rate offered for that term as of Monday of that week.

The Fed's next meeting will conclude May 3, and it appears most likely that additional hikes will be minimal. It's even possible the Fed could start lowering the federal funds rate before the year's out. If it decides to put a pause on rate hikes, we could see these lines on the graph stay the same for some time, or begin to drop.

Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often five, 10, or even 15 times higher.

Rate Collection Methodology Disclosure

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the CD's minimum initial deposit must not exceed $25,000.

Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.

Article Sources
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  1. Federal Reserve. "Open Market Operations."