Maximizing Your CD Earnings: Top Rates and Best Long-Term Options

CD rates remain steady with the top rate available at 5.65% APY for a 9-month certificate. There are now 42 certificates that pay 5.25% or better, with five of those paying 5.50% or better. The longest term for which you can earn at least 5.00% APY continues to be three years for a standard CD that pays 5.13% APY, or four years for a jumbo CD that pays 5.12% APY and requires a $100,000 deposit. The Federal Reserve has signaled that it's likely to implement one or two additional rate hikes this year, which could cause CD rates to climb even higher.