Are there 3% CD Rates Today?
Currently, there are 3% rates, but visit The Annuity Expert to find the highest interest rates in the United States. We aim to get you the highest interest rates to grow your savings.
The following table displays the highest interest rates from 454 banks and credit unions. Sort by rate or filter by term.
Our Favorite Certificates Of Deposit
As of November 2026, we recommend any of the banks and credit unions at Raisin because most of the accounts on their platform only require $1 to open an account which allows you to spread your risk among several financial institutions rather than having all your eggs in one basket.
Why Settle for 3%? Our Brokers Help You Do Better—With No Extra Risk
If you’re searching for 3% CD rates, you’re likely looking for a safe place to grow your money without market exposure. But here’s the truth: traditional CDs are underperforming, especially when inflation eats away at your real returns. We’re not a bank. We’re an independent annuity and insurance broker. That means our job is to help you compare better options than CDs—options that offer the same safety but potentially double the yield.
Scenario: You’re Sitting on Cash and Want a Better Option Than a 3% CD
You want:
- No market risk
- Guaranteed interest
- Fixed terms
- Principal protection
- Low or no fees
But here’s what you don’t realize: many fixed annuities—also called CD-type annuities—offer higher guaranteed interest rates than CDs. And they’re designed for savers just like you.
Fixed Annuities: The Smarter CD Alternative
Current rates: Up to 6% fixed for 5+ years
Unlike a bank CD, a fixed annuity is an insurance contract that locks in a higher interest rate for a set term. It’s regulated differently but offers similar safety. You can fund it with cash or roll over from IRAs, 401(k)s, or other non-qualified money.
✔ Higher guaranteed rates (typically 4%–6%)
✔ Tax-deferred growth (no 1099s until you withdraw)
✔ Backed by highly rated insurance companies
✔ No fees or market exposure
✘ Penalties for early withdrawal
✘ Not FDIC-insured (but protected by state guaranty associations)
Who Needs It:
- Retirees or pre-retirees looking for principal protection
- Savers tired of inflation eroding CD returns
- IRA or 401(k) holders who want steady growth without stocks
Who Doesn’t:
- Those needing instant liquidity or short-term access
- Investors comfortable with market volatility for higher returns
Also Consider:
- Multi-Year Guaranteed Annuities (MYGAs) with 3–10 year terms
- Fixed Index Annuities (FIAs) offering a base fixed rate plus upside potential
- Deferred income annuities (DIAs) if you’re planning long-term retirement income
Why Work With Us Instead of Going to a Bank?
Banks sell what they have. We compare what’s best across the entire market. As an independent broker, we’ll help you compare top CD and annuity rates from A-rated insurance companies nationwide. You’ll never overpay or miss out on a better option. Plus, we’ll show you how to:
- Pick the ideal term length
- Maximize after-tax return
- Use your retirement funds effectively
- Avoid liquidity traps and early withdrawal penalties
Reasons to Compare CD Rates
- Interest Rates Fluctuate Daily: CD rates can change frequently, so comparing rates daily ensures you lock in the best possible return on your investment.
- Better Returns: Alternatives like MYGAs often provide higher interest rates than traditional CDs, helping you grow your savings faster.
- Liquidity Options: MYGAs may offer more flexibility, which is beneficial if you’re age 60 or saving for retirement and need more access to your funds.
- Maximize Savings: Shopping around helps you identify opportunities to increase your earnings, making it worth the time to check both CDs and MYGA options.
- Different Terms and Conditions: Banks, credit unions, and MYGAs each have unique features, so comparing them daily can reveal the most favorable terms for your financial goals.
No obligation. Shop online with our advisors and brokers for the best rates before you buy.
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