In order to compare CD rates and provide you with the best rates available for varying terms, we used data from our subsidiary site DepositAccounts.com. We sorted CD products from three months all the way to five years by APY — annual percentage yield — and eliminated institutions with a health rating of B or lower. We also excluded credit unions with restrictive membership requirements.
From there, we chose the top two CDs with the highest APY in each term. If the top two CDs had the same APY, we broke the tie by looking at the minimum deposit amount, with the lower minimum deposit being deemed the better of the two. All products we included in this list are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA)