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Skip to Main Content Bankrate * Banking Caret Right Caret LeftAll Banking Checking & savingsCaret Right CDsCaret Right Money marketCaret Right BanksCaret Right Explore all banking resources Arrow Right Caret Left Banking Compare accounts * Best savings accounts * Best high-yield savings accounts * Best business checking accounts * Best checking accounts Get guidance * Savings calculator * All savings calculators * Savings rate trends * Savings resources * Savings basics 5 min read * How to start saving 4 min read Compare accounts * Best CD rates * Best 1-year CD rates * Best 5-year CD rates * Best 6-month CD rates Get guidance * CD calculator * CD ladder calculator * CD rate trends * CD resources * CD basics 7 min read * How to invest with CDs 6 min read Money market accounts Money market accounts are similar to savings accounts, but offer some checking features as well. 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Here's how much you can expect to pay Explore all auto resources Arrow Right Bankrate SearchClose X Submit Search GUIDING YOU THROUGH LIFE'S FINANCIAL JOURNEY Compare rates, crunch numbers and get expert guidance for life's biggest financial moments. for you CD Rates High-yield savings Home purchase EXPLORE ALL OF BANKRATE Credit cards Home equity Home refinance Investing Personal loans BANKRATE RECOMMENDS AdvisorMatch FIND A VETTED FINANCIAL ADVISOR IN MINUTES From retirement planning to saving for a home, a financial advisor can help you reach your financial goals. Arrow Right Read article HOW THE FEDERAL RESERVE IMPACTS YOUR MONEY The Fed has a direct line to your wallet, and what it decides to do with interest rates can have a hand in almost every financial decision you make — from hunting for a new job to buying a new home. 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EXCLUSIVE INSIGHTS FROM OUR EXPERT ANALYSTS > “Where you live can have a significant influence on your buying power for > gifts and holiday items because of the considerable price differences across > the country.” – Alex Gailey BEST AND WORST CITIES FOR LOCAL HOLIDAY SHOPPERS Bankrate’s new Best and Worst Cities for Local Holiday Shopping study analyzed the 25 largest metropolitan areas in the U.S. based on affordability, purchasing power, and retail accessibility factors. Bankrate’s study found that Detroit, Michigan is the best city for local holiday shoppers while Seattle, Washington is the worst. Read the survey The trusted provider of accurate rates and financial information Wall Street Journal USA Today The New York Times CNN Bloomberg ABC The best of personal finance THE BANKRATE AWARD WINNERS ARE HERE From investing to influencers, our experts have found the best of the best for all things personal finance. Check out the top financial products of the year and find the winners for your wallet. See the 2023 winners Over 200 financial calculators FIND ANSWERS, FAST Mortgage Mortgage calculator Rates Simple savings Mortgage Percent Amortization Dollar Cost-of-living Mortgage Market Home affordability Credit Card Credit card payoff Cd CD calculator Credit Card Balance Transfer Balance transfer Loan Loan calculator Calculator See all calculators A BETTER RATE IS WAITING * Banking * Mortgage NATIONAL AVERAGE BANKING RATES 1 Year CD 1.74% 3 Year CD 1.41% 5 Year CD 1.45% Savings Account 0.60% See all CD rates | See all Savings rates CURRENT MORTGAGE RATES 30 Year Fixed 8.02% 15 Year Fixed 7.20% 10 Year Fixed 7.24% 5/1 ARM 7.11% See all Mortgage rates Rate trends CURRENT CD INTEREST RATES Average rate of savings account interest Banking news TRUSTED NEWS AND REVIEWS, PUBLISHED DAILY See all news THE BEST AND WORST CITIES FOR LOCAL HOLIDAY SHOPPERS: SEE WHERE YOUR CITY RANKS 12 min read TOP CD RATES TODAY: NOV. 6, 2023 — RATES UP TO 5.75% 3 min read 5 TYPES OF MORTGAGE LOANS FOR HOMEBUYERS 9 min read FIRST-TIME HOMEBUYER QUALIFICATIONS 5 min read BEST BUSINESS BALANCE TRANSFER CREDIT CARDS FOR 2023 6 min read THE BEST AND WORST CITIES FOR LOCAL HOLIDAY SHOPPERS: SEE WHERE YOUR CITY RANKS 12 min read TOP CD RATES TODAY: NOV. 6, 2023 — RATES UP TO 5.75% 3 min read Caret Left Caret Right Real Estate IS THE HOUSING MARKET GOING TO CRASH? WHAT THE EXPERTS ARE SAYING 9 min read Banking LIST OF FAILED BANKS: 2009-2023 12 min read Investing 8 WAYS TO INVEST LIKE A MILLIONAIRE 5 min read REVIEWS AND RECOMMENDATIONS Advertiser disclosure Bankrate independently researches financial companies and rates them according to an objective set of criteria. For more information on how we stay impartial, check out our editorial integrity policy. REVIEWS BY CATEGORY * Banking reviews * Mortgage lender reviews * Credit card reviews * Personal loan reviews * Home equity reviews * Best home insurance * Brokerage reviews REVIEWS OF TOP BANKS Rating: 4.1 stars out of 5 4.1 Bankrate Review Rating: 4.7 stars out of 5 4.7 Bankrate Review Rating: 4.4 stars out of 5 4.4 Bankrate Review REVIEWS OF TOP MORTGAGE LENDERS Rating: 5 stars out of 5 5.0 Bankrate Review Rating: 4.8 stars out of 5 4.8 Bankrate Review Rating: 4.8 stars out of 5 4.8 Bankrate Review POPULAR TOPICS Rates Start saving Dollar Start investing Mortgage Market Purchase a home Home Equity Refinance a home Retirement Save for retirement Credit Card Get a credit card Insurance Home Alt Get home insurance Auto Car Guides Find car insurance INTRODUCING CARDMATCH™ YOUR PERFECT CARD IS ONE CLICK AWAY Find your match WHY CARDMATCH™? * 1 No impact to your credit score * 2 Bank-level security to keep your data safe * 3 Elevated bonus offers and custom results BANKRATE LOGO BANKRATE ABOUT * About us * Press room * Careers * Advertise with us * Site map HELP * Contact us * Compare rates * Latest news * Popular topics LEGAL * Privacy policy * Cookie Settings * Do Not Sell or Share My Personal Information * Understanding Bankrate’s averages * Terms of use * GLBA annual notice * California Consumer Financial Privacy Notice * Licenses HOW WE MAKE MONEY Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access Facebook Twitter Instagram Linkedin Youtube Tiktok Bankrate US | UK © 2023 Bankrate, LLC. A Red Ventures company. All Rights Reserved. Not sure where to start? Tell us about your goals and we'll point you in the right direction. Arrow Right Collapse Close X WHAT BRINGS YOU TO BANKRATE TODAY? QUESTION 1 OF 2 Still want recommendations? Pick up where you left off. Expand Continue where you left off Caret Up Close X ADVERTISER DISCLOSURE Bankrate.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which Bankrate.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Bankrate.com does not include the entire universe of available financial or credit offers. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. EDITORIAL INTEGRITY Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. KEY PRINCIPLES We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. EDITORIAL INDEPENDENCE Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.