How We Find the best Savings and CD Rates

At Investopedia, we’re committed to helping you navigate the world of finance with confidence. When it comes to finding the best savings accounts and Certificates of deposit (CDs), we know that every basis point counts.That’s why we’ve developed a rigorous, data-driven methodology to identify the top-paying accounts available to you. Our goal is to provide you with clear, up-to-date details so you can make informed decisions that align with your financial goals.

Daily Rankings of the Best CDs and Savings Accounts

We update these rankings every business day to give you the best deposit rates available.

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. It also cannot specify a maximum deposit amount that’s below $5,000.

Banks must be available in at least 40 states to qualify as nationally available.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.