Best CD Rates Start 2019 Higher

The best CD rates just keep getting better in 2019 as banks and credit unions increase rates. We expect CD rates to continue to move higher in 2019 because the Federal Reserve is widely expected to increase the fed funds rate at least twice in 2019. The best CD rates on 1 year certificates of deposit are at 2.90 percent from ableBanking, the online division of Northeast Bank. We won't be surprised if 12 month CD rates hit 3.00 percent by the first quarter of 2019. 

The highest CD rates on 2 year CDs are already over 3.00 percent. The current highest 2 year CD rate on our rate list is also from ableBanking at 3.20 percent. We anticipate the top 2 year CD rates to move above 3.25 percent early in 2019.

Two banks are currently offering the best 3 year CD rate on our list. Popular Direct and ableBanking are both offering 3 year CD rates at 3.20 percent with an APY of 3.25 percent.

The top spot for 5 year CD rates on the rate list also goes to Popular Direct at 3.54 percent with an APY of 3.60 percent. Look for the best 5 year rates to hit 3.75 percent by the first quarter of 2019.