Top CD Rates Since October 2021 - As of May 17, 2023

In October 2021, the top rate across CD terms of 6 months to 5 years ranged from 0.70% to 1.35% APY. After 10 Fed hikes between March 2022 and May 2023, the top rates have surged to a range of 4.68% to 5.50% APY.