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Highest Bank CD Rates and Certificate of Deposit explainedCD rates can vary depending on the term and type of CD account you choose. Learn about current CD rates for Fixed Rate, Step Up and No Penalty CDs. Please, tell us where you live so we can give you accurate rate and fee information for new accounts opened in your location. For accurate rate information. The best CD rate right now is % APY available from Nuvision Credit Union for an 8-month CD term. All CDs and rates in our rankings were collected.