Comparing Top CD Rates for May 17-18: Which Offers the Best APY?

The top rates for certificates of deposit (CDs) have remained steady, with the highest nationally-available CD rate remaining at 5.50% APY. Jumbo CD rates have seen some movement, with the best rate for a 3-month jumbo CD jumping from 4.35% to 5.01%. Despite the suggestion that a larger deposit should earn you a higher return, rates on jumbo certificates often pay less than standard CDs. CD rates generally mirror the trend of the federal funds rate, and with the Fed's aggressive federal funds rate hikes potentially winding down, it's a smart time to lock in one of the nation-leading rates in our CD rankings.