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The best long-term CD rates for March 2024 (up to 5.35% APY)
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If you’re keeping your money in a regular savings account, you might be leaving money on the table. Right now, regular savings accounts come with an annual percentage yield (APY) of just 0.46% — and, while that allows you to earn at least some interest, there are many better options to choose from.
Take high-yield savings accounts, for instance. These accounts function similarly to regular savings accounts, but the big difference is that the interest rate you can get is typically much higher with a high-yield account. For example, there are high-yield savings accounts that offer up to 5.50% APY today — or about 10 times more than what many regular savings accounts offer.
High-yield savings accounts come with variable interest rates that can change over time, though, which can be a downside in a volatile rate environment. Certificates of deposits (CDs), on the other hand, also offer very high rates right now, but the rates are fixed. So, you won’t have to worry about the impact of the rate cuts that are expected to occur mid-year. And, by locking in a rate on one of the long-term CDs outlined below, you’ll ensure your earnings for many months, or years, to come.
Compare today’s top CD account options to find the best one for you.
The best long-term CD rates for March 2024 (up to 5.35% APY)
There are dozens of great long-term CD options to choose from this month, including:
18-month CDs
- Fortera Credit Union — 5.35% APY: There is a $1,000 minimum deposit requirement to open this account; an early withdrawal penalty will be charged for accessing the funds in this account before the CD matures
- Life Credit Union — 5.35% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Climate First Bank — 5.34% APY: There is a $500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 90 days of interest
- Magnifi Financial — 5.25% APY: There is a $2,500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Technology Credit Union — 5.25% APY: There is a $1,500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 90 days of interest
2-year CDs
- Magnifi Financial (23-month CD) — 5.25% APY: There is a $2,500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Credit Human (23-month CD) — 5.20% APY: There is a $500 minimum deposit requirement to open this account; an early withdrawal penalty will be charged for accessing the funds in this account before the CD matures
- First National Bank of America (23-month CD) — 5.15% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Department of Commerce FCU — 5.02% APY: There is a $500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- TAB Bank — 5.00% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
Learn about the best CD rates available to you today.
3-year CDs
- Superior Choice Credit Union — 5.00% APY: There is a $500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Hughes FCU — 4.86% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Dow Credit Union — 4.81% APY: There is a $500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 365 days of interest
- First National Bank of America — 4.81% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 360 days of interest
- First Internet Bank — 4.76% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 360 days of interest
5-year CDs
- First Internet Bank — 4.61% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 360 days of interest
- BMO Alto — 4.60% APY: There is a $0 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- Credit Human (59-month CD) — 4.60% APY: There is a $500 minimum deposit requirement to open this account; an early withdrawal penalty will be charged for accessing the funds in this account before the CD matures
- First National Bank of America — 4.55% APY: There is a $10,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 182 days of interest
- PIMA FCU — 4.50% APY: There is a $250 minimum deposit requirement to open this account; an early withdrawal penalty will be charged for accessing the funds in this account before the CD matures
10-year CDs
- Equitable Savings and Loan Association — 4.07% APY: There is a $500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 90 days of interest
- Credit Human — 4.00% APY: There is a $500 minimum deposit requirement to open this account; an early withdrawal penalty will be charged for accessing the funds in this account before the CD matures
- Vio Bank — 2.75% APY: There is a $500 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 3% of the amount withdrawn, plus $25
- EmigrantDirect.com — 2.75% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
- MySavingsDirect — 2.50% APY: There is a $1,000 minimum deposit requirement to open this account; the early withdrawal penalty is equal to 180 days of interest
The bottom line
In today’s economic climate, opening a long-term CD account can offer some big benefits to savers — including some of the highest rates we’ve seen in recent years. And, there are lots of great long-term CD options to choose from, no matter what your budget or needs may be. As you narrow down the options, though, just be sure that you can meet the minimum deposit requirements and that the CD term works for you. If not, you could be stuck paying for fees or early withdrawal penalties that are otherwise easy to avoid.
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Washington — Sen. JD Vance and Minnesota Gov. Tim Walz will face off on Tuesday in the first and only vice presidential debate of the cycle, as the two candidates look to prop up the Republican and Democratic tickets with fewer than 40 days until Election Day.
The debate, hosted by CBS News at the CBS Broadcast Center in New York City, will be moderated by “CBS Evening News” anchor and managing editor Norah O’Donnell and “Face the Nation” moderator and CBS News chief foreign affairs correspondent Margaret Brennan.
Here’s what to know about how the candidates are preparing for the debate:
How JD Vance is preparing for the VP debate
The Ohio Republican has been preparing for the debate for more than a month, a source directly involved told CBS News, including with “murder board” sessions with a small team that includes Vance’s wife and his advisers, along with senior Trump adviser Jason Miller.
Among Vance’s main focuses during the preparation has been studying Walz’ debate style and policy record, the source said, noting that Vance will attempt to highlight what he sees as the Minnesota governor’s left-wing views during the debate.
Vance told reporters last week that his plan is to break down what the Trump-Vance administration would do to make “life better” and connect that to policy.
“So, we’re studying up as much as we can on the issues that matter to the American people, and I’m looking forward to it,” Vance said.
House Majority Whip Tom Emmer, a Minnesota Republican, is standing in for Walz during Vance’s debate prep, four sources familiar with the preparations told CBS News. Emmer and Walz have deep roots in Minnesota and are close in age.
Emmer told ABC’s “This Week” on Sunday that he’s known Walz for decades and has spent the last month working to “get his phrases down, his mannerisms.”
“My job was to be able to play Tim Walz so JD Vance knows what he’s going to see,” Emmer said.
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How Tim Walz is preparing for the VP debate
Walz has been preparing for the debate with a close team of advisers, a source familiar with the preparations told CBS News. Some of the people involved also helped Vice President Kamala Harris take on former President Donald Trump, among others, like a long-time aid to Walz who worked with him during his bids for governor.
For Walz, whose name recognition was until recently limited outside of Minnesota, the focus is on continuing to introduce himself to the American people, according to the source. He’ll also work to highlight Harris’ vision for the nation’s path forward.
“You’ll hear me talk like I have about things that impact Americans, making sure they have the opportunity to thrive, making sure that we’re being factual in how we talk about that,” Walz told MSNBC’s Rachel Maddow of the debate earlier this month. “And so I’m looking forward to it. I’ll work hard, that’s what I do.”
During debate prep, Transportation Secretary Pete Buttigieg is standing in for Vance, a campaign official familiar with the preparation told CBS News. The former mayor of South Bend, Indiana, also assisted Harris during her debate prep in 2020, and is close in age to Vance.
When and how to watch the presidential debate
Debate coverage on CBS News 24/7 begins at 4 p.m. ET, with the debate getting underway at 9 p.m. ET on Oct. 1.
The 90-minute debate will be streamed on CBS News 24/7 and Paramount+ across all available platforms and CBSNews.com. The debate will also be simulcast across other broadcast and cable networks.
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Actor John Ashton, best known for his role as the by-the-book detective in the “Beverly Hills Cop” franchise, has died, his publicist Alan Somers confirmed to CBS News on Sunday. He was 79.
Ashton died Thursday in Ft. Collins, Colorado, after a battle with cancer.
“John was a loving husband, brother, father, and grandfather who will be deeply missed by all who knew him,” a statement said.
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Ashton was born in Springfield, Massachusetts on Feb. 22, 1948, and raised in Enfield, Connecticut. He received a Bachelor of Arts from the University of Southern California.
Throughout his 50-year career in show business, Ashton appeared in nearly 100 movies after making his debut in 1973’s “The Psychopath.”
He was probably best known for his role as Det. Sgt. John Taggart in the first two installments of the “Beverly Hills Cop” series alongside Eddie Murphy and Judge Reinhold. He reprised his role in 2024’s “Beverly Hills Cop: Axel F.”
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Other film credits include “Some Kind of Wonderful,” “She’s Having a Baby,” “Midnight Run,” “Little Big League” and “Gone Baby Gone.”
On television, he played Willie Joe Garr on several episodes of “Dallas” and made an appearance on such shows like “Columbo,” “Police Squad!” “Hardball” and others.
“John devoted his career to honing his craft and bringing characters to life on the screen. His presence will be greatly missed,” Somers said.
Ashton is survived by his wife Robin Hoye, three children, three step-children and a grandson. He also leaves behind two sisters and a brother.
“John leaves behind a legacy of love, dedication, and service. His memory will forever be treasured by his wife, children, grandchildren, as well as his brother, sisters, his extended family and all who loved him,” Somers said. “John’s impact on the world will be remembered and celebrated for generations to come.”
The family requests any donations in Ashton’s memory be made to Pathways Hospice Care
Thousands of listeners were left without access to tunes and podcasts on Sunday after music streaming service Spotify was down temporarily on Sunday.
More than 40,000 people reported outages with the music platform on downdetector.com, a website that allows users to report problems with popular apps and services. Reports started spiking around 10:45 a.m. ET.
In Spotify’s desktop app, some users were greeted with the error message, “Something went wrong,” and attempts to play tracks were unsuccessful. Spotify’s phone app was also unresponsive to some users.
Spotify wrote on X on Sunday afternoon, “We’re aware of some issues right now and are checking them out!”
Responding to the post, Spotify users complained about the outage disrupting workout routines and plans to stream a playlist at a child’s birthday party.
About an hour later, the streaming service posted that everything was looking much better. The app appeared to be working normally.
Millions of people use Spotify, which was the largest streaming service in 2023. The music platform reports having more than 626 million users, with 246 million subscribers.