Are there 6% CD Rates Today?
Currently, there are 6% 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.
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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 Use a Broker to Find the Best 6% CD Rates?
Most consumers only see the rates their bank or credit union advertises. As an independent broker, we have access to fixed annuity products (CD-type annuities) that pay up to 6% guaranteed—far above the national average for traditional CDs, which currently top out at around 5%. We shop over 50+ insurance companies for you at no cost and no obligation.
You tell us how long you want to invest. We tell you who pays the most.
What We Do for You:
- ✔ Compare 6% Fixed Annuity (CD-type) Rates side-by-side from top-rated insurers
- ✔ Help you avoid wasting time on outdated or teaser rates
- ✔ Ensure you get contractual guarantees, not fluctuating rates
- ✔ Guide you on using qualified (IRA, 401(k)) or non-qualified funds
- ✔ Find companies with the highest safety ratings and Comdex scores
- ✔ Recommend the best term length: 2, 3, 5, 7, or 10 years
What Makes a 6% Rate Possible?
The 6% rates you’re hearing about aren’t from your local bank—they come from multi-year guaranteed annuities (MYGAs), also known as CD-type annuities. These are regulated by insurance departments, not the FDIC, but offer the same kind of principal protection and fixed returns—sometimes better.
- ✅ Fixed rate for the entire term (not subject to market changes)
- ✅ No annual fees
- ✅ Penalty-free withdrawal options available on some contracts
- ✅ Can be used inside IRAs, Roth IRAs, or non-retirement accounts
Pros and Cons of 6% Fixed Annuities (vs. CDs)
✔ Pros:
- Higher rates than CDs
- Tax deferral on interest if non-qualified
- Can be used for retirement accounts
- Optional death benefit features
- No market risk
✘ Cons:
- Not FDIC-insured (though backed by legal reserve systems and state guaranty associations)
- Surrender charges apply if you withdraw early
- Not suitable for short-term liquidity needs
Who Needs a 6% CD-Type Annuity?
✔ Best for:
- Conservative investors tired of stock market swings
- Retirees or near-retirees needing guaranteed interest
- Savers with idle cash earning under 5%
- People looking to maximize guaranteed returns over 2–10 years
- IRA owners looking for safe fixed options
✘ Not for:
- Investors needing daily liquidity
- People with very short investment horizons (under 1 year)
- Those who want variable or market-based returns
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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