Certificates of deposit don’t get a lot of love in the financial press, but they are one of the safest ways to earn a little extra interest on your money without increasing your risk (other than the fact that you have to tie up your money for a longer period). Below we offer a list of the best CD rates as of January 28, 2019. We have evaluated individual banks to show those with both the best short-term and long-term rates, so you can choose based on how long you are willing to commit to a CD (bolded rate = highest for that CD length):

TIAA Bank: Minimum deposit of $5000. Rates:

• 5-Year: 3.05% APY
• 3-Year: 2.95% APY
• 2-Year: 2.91% APY
• 1-Year: 2.81% APY
• 6-Month: 2.05% APY

Synchrony Bank: Minimum deposit of $2000. Rates:

• 5-Year: 3.10% APY
• 3-Year: 2.90% APY
• 2-Year: 2.90% APY
• 1-Year: 2.75% APY
• 6-Month: 1.00% APY