Best CD Rates For July 2024 - Up to 5.40%
Find the best CD rates by comparing national and local rates. Bankrate compares thousands of financial institutions to make it easy for you to apply for the best certificate of deposit rate.
Making good financial decisions enables people to get more out of life and I’m happy to contribute to that endeavor.
— Matthew Goldberg
Matthew Goldberg is a senior consumer banking reporter at Bankrate where he uses his more than 13 years of financial services experience to help inform readers about their important personal finance decisions.
Nearly his entire career, since 1998, has either been as a reporter, editor or working in the banking and insurance industry. Matthew’s banking career includes being a banker in New York City and being a bank officer at one of the largest banks in the U.S. He first gained his experience with deposit products and auto loans while representing a Federal Deposit Insurance Corp. (FDIC) online bank.
His reporting career includes working as a staff reporter at two daily newspapers. He earned his first newspaper bylines in 1998. Matthew’s been interviewed on television news and radio stations across the U.S. Previously, he was a weekly panelist on the SportsWriter’s show on WGEM AM ESPN 1440 in Quincy, Illinois and an occasional co-host and call-in guest on WGEM SportsCenter.
Matthew is currently a member of the Board of Governors at the Society for Advancing Business Editing and Writing (SABEW), which is the world's largest and oldest organization of business and financial journalists.
He chairs the organization's training member engagement committee and the organization's investment task force. He also is on the SABEW finance committee. He has previously served on conference planning committees and has been a Best in Business contest judge for the organization.
Matthew’s writing has been honored by both the Illinois Associated Press Editors Association and the Illinois Press Association. His writing has also been featured online on MSN, Yahoo! Finance and in newspapers throughout the country.
Matthew wants you to know
It’s easy to get into a routine. But days turn into weeks and months turn into years. And every day you don’t have your savings in a high-yield savings account, you’re losing purchasing power by at least getting closer to keeping up with inflation. Over time, that really adds up.
Making good financial decisions enables people to get more out of life and I’m happy to contribute to that endeavor.
— Matthew Goldberg
Find the best CD rates by comparing national and local rates. Bankrate compares thousands of financial institutions to make it easy for you to apply for the best certificate of deposit rate.
Known for its excellent customer service, USAA offers a low APY on its basic savings account. It's much less than what you can find at top-yielding banks. The account doesn't charge monthly fees or require a minimum balance.
U.S. Bank is known for innovating; however, its savings interest rates are very low.
While PNC Bank offers a high-yield savings account, the bank's other savings accounts offer lower rates.
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Comparing savings rates can ensure you get the best return on your savings.
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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Truist Bank, the financial-services giant born out of the merger of SunTrust and BB&T, offers two CDs with competitive yields.
Discover Bank offers a variety of CD terms that pay competitive yields. Here are the rates Discover offers on its CDs.
Wells Fargo offers special and standard rate CDs. The special rates require you to deposit at least $5,000. The standard rates require you to deposit $2,500. You can also earn bonus rates on these CDs if you link a Wells Fargo Prime Checking or Portfolio Account.
U.S. Bank offers a variety of terms for its certificates of deposit; however, its rates are lackluster by and large.
PNC Bank offers a variety of CD terms. While you can earn higher rates for a higher balance, you can still find higher yields elsewhere.
CIT Bank is an online-only institution that offers several CDs, with terms ranging from six months to five years. Some terms are competitive.
Here’s everything to know about the offers to see if they’re the right fit for you.
CD terms can range from three months to five years. Learn which one is right for you.