Wisconsin’s finest CD rates, ready for you today

January 17, 2024
1 min read

The best CD rates for Wisconsin in January 2024

Certificate of deposit (CD) interest rates are their highest in more than 15 years. So if you’re looking for a safe place to put your money that also offers a decent return, a CD might be your best option.

In partnership with Curinos, a leading provider of banking data and analytics, we analyzed more than 20,000 data points to find the best CD rates in Wisconsin and the U.S. as a whole.

Wisconsin is home to some of the best CD rates around. However, you don’t have to stop your search within the state. We’ve compiled a selection of top CD accounts from our partners that are accessible across the country.

Alongside Curinos, we identified the best CD rates in Wisconsin by term—specifically, 6-month, 1-year, and 5-year CDs.

Best 6-month CD rates in Wisconsin

A short-term 6-month CD is perfect for those who don’t want to tie up their money for an extended period. You can still get a competitive interest rate on your deposit, with the ability to access your funds penalty-free after just a few months.

Best 1-year CD rates in Wisconsin

If you’re willing to commit your funds for a slightly extended period, you may be able to secure a higher interest rate. Opting for a 1-year CD strikes an ideal balance, allowing you to earn more while avoiding a lengthy term.

Best 5-year CD rates in Wisconsin

For those who prefer a hands-off savings approach, a 5-year CD might be the right choice. This longer-term option ensures that your interest rate remains fixed for the next few years, offering stability and protection from market volatility for your savings.

A certificate of deposit is a type of account offered by most banks and credit unions. CDs often provide higher interest rates than traditional savings accounts in exchange for keeping your money on deposit for a certain period of time (known as the term).

CD terms can vary, ranging from a few months to several years. During this term, you can’t access your funds without facing a penalty. However, once the CD matures, you can withdraw your money, including interest.

There are several different types of CDs, which offer various terms and features to cater to different investment needs and preferences.

Here are some of the most common types:

  • Traditional CD
  • Bump-up CD
  • No-Penalty CD
  • Jumbo CD
  • Brokered CD
  • Callable CD

When choosing a CD in Wisconsin, it’s important to consider factors such as term length, APY, minimum deposit, penalties, and deposit insurance.

There are over 160 FDIC-regulated banks in Wisconsin and 120 NCUA-regulated credit unions. It’s important to choose a financial institution that aligns with your needs and preferences.

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