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See if You Qualify for One of These Top Regional CDs

Every business day, we publish our ranking of the highest CD rates you can find from nationally available institutions. But throughout the country, there are many banks and credit unions that serve customers only in their state or region. Sometimes, these more localized institutions offer CD rates that surpass the best nationwide rates, making lucky savers out of those who qualify.

To help you find whether any of these exceptional offers are available to you, here's our list of the top regional CDs that pay more than the leading nationwide rate in each term.

Top Regional CDs by Term
6-Month CDs (5–9 months)	Rate (APY)	Term	Eligibility qualifications
	6.09%	9 months	Maryland educators, students, health care workers, federal employees, and select businesses
Top national 6-month rate	5.75%	6 months	Nationally available from
1-Year CDs (10–14 months)	Rate (APY)	Term	Eligibility qualifications
	6.17%	12 months	Dallas, Houston, and surrounding communities
	5.75%	11 months	Six Indiana counties, including greater Indianapolis
	5.75%	13 months	Six counties in east-central Florida, including Orange
Top national 1-year rate	5.65%	12 months	Nationally available from
18-Month CDs (15–20 months)	Rate (APY)	Term	Eligibility qualifications
	5.60%	18 months	Most of Chicago and Cook County, Illinois
Top national 18-month rate	5.45%	18 months	Nationally available from
2-Year CDs (21–29 months)	Rate (APY)	Term	Eligibility qualifications
	5.64%	24 months	Three counties in Delaware and Maryland
	5.50%	23 months	All of Michigan
	5.50%	24 months	16 counties in South Carolina and North Carolina
Top national 2-year rate	5.27%	24 months	Nationally available from
3-Year CDs (30–41 months)	Rate (APY)	Term	Eligibility qualifications
	5.90%	36 months	Three counties in Delaware and Maryland
	5.80%	36 months	Most of Chicago and Cook County, Illinois
	5.25%	30 months	Cities of Buffalo, Syracuse, Utica, and other areas of New York
Top national 3-year rate	5.10%	36 months
4-Year CDs	Rate (APY)	Term	Eligibility qualifications
	5.64%	48 months	Three counties in Delaware and Maryland
	4.99%	48 months	22 Iowa counties
Top national 4-year rate	4.73%	48 months	Nationally available from
5-Year CDs	Rate (APY)	Term	Eligibility qualifications
	5.38%	60 months	Three counties in Delaware and Maryland
	4.99%	60 months	22 Iowa counties
	4.70%	60 months	22 counties in Tennessee and Texas
Top national 5-year rate	4.60%	36-59 months	Nationally available from

Don't Qualify? You Still Have Plenty of Great Options

If you're not eligible for any of the offers above, it's still a great time to lock in a CD rate from a nationwide bank or credit union. CD rates are near historic highs, thanks to the Federal Reserve's aggressive rate-hike campaign of 2022–2023. And by opening a CD today, you'll guarantee your return for months or years down the road.

Our daily ranking of the best CD rates provides an overview of the very top rates in each term, and you can drill down into a Top 15 ranking of the highest APYs for every CD term.

Why It's Smart to Lock in a Top CD Rate Now

CD rates reached a record high last fall, thanks to the Fed's 11 inflation-busting increases to the federal funds rate between March 2022 and July 2023. Those rate increases are now in the rearview mirror and the Fed is currently in a holding pattern. With no more rate hikes expected, banks and credit unions have begun lowering their CD yields over the last two months.

But bigger CD rate declines are likely to come this year, as the Fed currently expects to make one or more cuts to the fed funds rate in 2024. While it's unknown when the first rate decrease will occur, the median expectation indicated in the Fed's December "dot plot" report is a total of three cuts this calendar year totaling 0.75%. As soon as the first decrease looks imminent, banks and credit unions will start dropping their CD rates more substantially than they have so far.

That makes now an excellent time to lock in a top rate you can enjoy for a year or more down the road. Whether you choose one of the highest APYs, which are available on short to mid-term CDs, or opt for a slightly lower rate that you can extend to 2027, 2028, or even 2029, you'll be able to enjoy guaranteed and predictable returns far into the future.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account'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.