A certificate of deposit (CD) locks your money with a bank for a fixed term — months or years — in exchange for a fixed interest rate. The best CD rates in November 2026 are paying around 5% APY or more, far above the national average.

The top rates (as of 5 November 2026)

  • USAlliance Financial — 5.05% APY on an 18-month CD ($500 minimum), and 5.00% on a 12-month CD
  • Toyota Financial Savings Bank — 5.25% APY on a 60-month CD ($1 minimum)
  • Popular Direct — 4.85% APY on a 3-year CD ($10,000 minimum)
  • Happen Bank — 4.65% APY on an 11-month CD
  • E*TRADE — 4.55% APY on a 1-year CD
  • Barclays — 4.50% APY on a 1-year CD, 4.75% on a 2-year CD

For comparison, the FDIC national average for a 12-month CD is only 1.76%, while the top high-yield CD average is 4.91% (DepositAccounts).

Before you open one

  • A CD locks your money for a fixed term. Early withdrawal usually costs 90–180 days of interest.
  • Longer terms pay more, but your money is tied up longer.
  • Make sure the bank is FDIC-insured (or NCUA-insured for credit unions) before depositing.

This is general education, not financial advice. Rates change frequently — check the bank’s current rate before opening an account.

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