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Last Updated on November 6, 2023 by coffeepo
What is the best CD rate of 2024?
Looking for a great return on your investment? Check out the best CD rates of 2024! These top-rated banks and credit unions are offering some of the highest CD rates around, so you can be sure your money is working hard for you. Plus, most of these institutions offer easy online banking, so you can manage your account from anywhere. So what are you waiting for? Compare the best CD rates of 2022 and find the perfect one for you!
Credit unions are a great option for CD rates because they’re typically higher than what you’ll find at a bank. And many credit unions offer membership to anyone who lives or works in their area. Here are some of the best credit unions for CD rates in 2024:
1.Alliant Credit Union
Alliant offers several different types of CDs, including jumbo CDs with high balances and no-penalty CDs that let you withdraw your money early without paying a fee. Rates start at 0.50% APY for terms of 12 months or less and go up to 1.05% APY for terms of 60 months or more.
2.Navy Federal Credit Union
Navy Federal offers both regular CDs and IRA CDs, so you can save for retirement while earning a great rate. Rates start at 0.35% APY for terms of 12 months or less and go up to 0.80% APY for terms of 60 months or more.
3.Pentagon Federal Credit Union
Pentagon Federal offers several different types of CDs, including bump-up CDs that let you increase your rate once during the term if rates go up, and step-up CDs that increase your rate at set intervals during the term. Rates start at 0.10% APY for terms of 12 months or less and go up to 1.00% APY for terms of 60 months or more.
4.CitiBank
If you’re looking for the best CD rates from a bank, you’ll want to check out CitiBank. CitiBank offers a wide range of CDs, from short-term CDs with terms as short as six months to long-term CDs with terms of up to 60 months. Rates start at 0.05% APY for terms of six months or less and go up to 1.05% APY for terms of 60 months or more.
5.U.S. Bank
U.S. Bank is another great option for CD rates. U.S. Bank offers a variety of CD options, including jumbo CDs with high balances and no-penalty CDs that let you withdraw your money early without paying a fee. Rates start at 0.10% APY for terms of 12 months or less and go up to 1.00% APY for terms of 60 months or more.
Conclusion
While CD rates may seem low, it’s important to remember that they are still a great option for long-term savings. If you’re looking for a safe place to store your money, a CD is the way to go. Check out our list of the best CD rates for 2022 and see which one is right for you.
