Cyber Monday has delivered a fresh deal for CD shoppers—a newly unveiled 6.00% offer available for 12 months. While several CDs paying at or above the historic 6% mark were available in past weeks, those had dwindled to a single CD with an 8-month term. Today’s special gives you the option to lock in 6.00% for a longer duration.
But you’ll have to act fast to get your hands on this deal. Offered by Alabama Credit Union, the 1-year Cyber Monday CD requires a $2,500 minimum deposit—and you’ll have to complete the online application by 11:59 p.m. Central Time.
You’ll also need to join Alabama Credit Union, but anyone nationwide can do that. If you don’t live or work in Alabama, you can become a member of the credit union by simply making a $10 donation to the nonprofit Secret Meals Association, and paying a one-time new member fee of $1 to the credit union. You’ll also need to hold $5 or more in a savings account for as long as you’re a member.
If a 12-month commitment or the $2,500 minimum deposit aren’t to your liking, you can also score 6.00% APY on a shorter 8-month CD from Securityplus Federal Credit Union, with just a $1,000 minimum deposit. While SecurityPlus’ offer is available longer than just today, it has an advertised expiration date of Nov. 30.
Beyond these leading-rate options, our daily ranking of the best nationwide CDs includes a dozen additional offers paying 5.75% or higher, with terms of up to 18 months. And for anyone looking to lock in one of today’s historically high rates for even longer, the leading rates in terms of 2 to 5 years currently range from 5.25% to 5.60% APY.
Rate Collection Methodology Disclosure
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.
Banks must be available in at least 40 states. 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.