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Earn up to 4.20% APY. Here are the best CD rates, Nov. 24, 2025

It’s still a good time to earn a great return on a certificate of deposit, just don’t wait to take action. After declining in 2024 as the Federal Reserve cut rates, average CD yields stabilized in early 2025 thanks to the central bank hitting pause on more rate changes for several months. However, the Fed finally took action with its first rate cut of 2025 after meeting Sept. 16-17, then made a second cut in October.The best CD rates yield up to 4.20% annual percentage yield. If you choose to open an account today, you could lock in high rates for years, depending on the term that best meets your financial goals. Experts expect the Fed may cut rates again when it meets in December, so don’t wait to invest.ADVERTISEMENTAdvertiser DisclosurePrivacy policyPowered byBest CD Rates for December 9, 2025ZIP Code Deposit Amount $Min. Term Length 6 months1 months6 months1 year18 months2 years3 yearsMax. Term Length 3 years6 months1 year18 months2 years3 years4 years5 years6 yearsFEATURED OFFERSAPYTERMMIN. DEPOSITEST. EARNINGSLoading...4.25 %December 9, 20252yr$ 1000$ 1063Over 1 Year2 years cd AccountUnited Fidelity BankMember FDICQUICK LOOK4.20 %December 2, 20256mo$ 1000$ 1050Over 1 Year6 Mo CD cd AccountLimelightBankMember FDICOFFER DETAILSQUICK LOOKLimelight Bank is the online division of Capital Community Bank. It offers competitive yields on CDs, but it doesn’t offer any other types of bank accounts.READ BANK REVIEW4.15 %December 2, 20259mo$ 500$ 1038Over 1 Year9 Mo CD cd AccountM.Y. Safra BankMember FDICOFFER DETAILSQUICK LOOKM.Y. Safra Bank is an FDIC-insured institution with just one branch in New York City and also offers strictly online accounts. It provides a full range of personal and business deposit products as well as loans and lines of credit. Its online-only CDs offer the most attractive rates the bank has to offer, but its savings and money market accounts also offer decent yields.READ BANK REVIEW12345...160Best CD rates Nov. 24, 2025: Earn up to 4.20%The highest CD rate of 4.20% is offered by Newtek Bank on its six-month CD.Fortunemonitors the top rates offered by leading U.S. financial institutions to help readers obtain the best possible return on their CD investments. Here are the best rates on the market:Pro tipLooking for the best CD to fit your investment needs? See rates from top institutions:–Wells Fargo–Capital One–Chase–Bank of America–Discover Bank–Northern Bank Direct–Ally Bank–Newtek Bank–Popular Direct–Citibank–Sallie Mae BankCompare CD rates at top national banksIf you’re unfamiliar with most of the names mentioned above, there’s a straightforward reason why: CDs typically don’t yield substantial income for major financial institutions by themselves. Established banks like Chase, PNC, and U.S. Bank prioritize attracting customers through more profitable products like loans and credit cards, rather than CDs. Consequently, the APYs offered on CDs at these banks are often much lower compared to those available at smaller regional banks or online institutions and to get a good rate, you may be required to open other deposit accounts or deposit much higher minimums.CD rates news 2025Investors should understand that average CD rates closely track Fed monetary policy decisions, specifically changes to the fed funds rate. It’s essential for CD investors to follow the ebb and flow of the central bank’s policy decisions to plan for changes in rates.The federal funds rate currently stands at 3.75%-4.00%.Last year, the Fed cut interest rates three times, leaving fed funds at 4.25%-4.50% as of December 2024. High inflation left over from the post-pandemic period was cooling off, and the FOMC reduced rates to help the economy stay on track. CD APYs fell from two-decade highs as the Fed cut rates.With the Fed making its first cut of 2025 at the Sept. 16-17 meeting and a second at the Oct. 28-29 meeting, CD rates have again shown signs of dipping. It’s possible they could decrease further if the central bank moves forward with a third cut when it meets in December. The next FOMC meeting is on the calendar for Dec. 9-10.Those 20-year highs in CD yields were the result of the central bank’s rate hike campaign of 2022 and 2023. Inflation was rising at its highest rate since the early 1980s, thanks to the economic disruptions of the pandemic. Between March 2022 and July 2023, the FOMC raised interest rates 11 times, from zero to 5.25%-5.50%, to help tame inflation.Just remember, CD rates today aren’t far from their recent highs. You still have the opportunity to secure advantageous rates on both short-term and long-term CDs. By depositing a larger lump sum into your CD, you can earn substantial interest.Check Out Our Daily Rates ReportsDiscover the highest high-yield savings rates, up to 5% for December 8, 2025.Discover the current mortgage rates for December 8, 2025.Discover current refi mortgage rates report for December 8, 2025.Discover current ARM mortgage rates report for December 8, 2025.Discover the current price of gold for December 8, 2025.Discover the current price of silver for December 8, 2025.Historical CD ratesIn the early 1980s, CD rates hit double digits thanks to surging inflation and high interest rates. But by 2019, the APY for a 5-year CD hovered slightly above 3.00%. Until the early 2020s, top rates generally remained below 1.00% APY. In recent times, we experienced a period of increasing rates, with the best offerings exceeding 5.00% APY for 1-year CDs.How to get a good CD rateDetermining what a good CD rate looks like is subjective. It depends on how much money you have to invest, how long you can leave it locked up in a certificate, and what prevailing market rates are when you intend to open an account.For instance, a 5.00% APY CD over five years might not be the right choice if you need liquidity sooner or if rates rise, leaving you with a lower return. Generally, rates above the national average are advantageous. Compare rates across banks for your desired term to find the best option.Key factors to evaluate when comparing CDs include minimum balance requirements, available terms, offered interest rates (typically higher at online banks), penalties for early withdrawals, and any associated fees. Opting for a bank rather than a broker might help avoid unnecessary fees.Consider these factors:Term length:Ensure they match your savings goals.APY:Higher rates are available for longer CD terms.Minimum deposit:Ensure you can meet minimum deposit requirements.Penalties:Understand early withdrawal costs, in case you need to withdraw money before a CD matures.Deposit insurance:Always verify that your bank or credit union of choice has Federal Deposit Insurance Corp. (FDIC) or National Credit Union Administration (NCUA) coverage.Look into offerings from online banksOnline banks and fintechs typically offer better rates than national banks. Large financial institutions primarily generate revenue through interest earned on loans, fees, and investments in securities. In contrast, smaller banks and online fintech companies actively attract new customers by offering competitive APYs on deposit accounts. Moreover, online banks typically have lower overhead costs, allowing them to pass on better rates to their clientele.Set up a CD ladderCD ladders suit savers hesitant to lock funds for long terms. Splitting savings across CDs with varying maturities offers a blend of short-term access and higher long-term rates. For example, if you begin by investing $3,000 in three staggered CDs (1-year, 2-year, and 3-year), then as each matures you reinvest the money in a 3-year CD. With this plan, you get access to your money (plus the interest you’ve earned) every year. #qsWidgetContainer176, #qsWidgetContainer176 [data-widget-id] { background-color: transparent; font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; letter-spacing: .5px; padding: 0; } #qsWidgetContainer176 .sizeone .header-section { border-bottom: 0 none; color: #666; font-weight: 600 !important; padding: 6px 0; } #qsWidgetContainer176 .sponsored { font-family: inherit; letter-spacing: .5px; } #qsWidgetContainer176 .sponsored .add-text { color: inherit !important; } #qsWidgetContainer176 .sponsored:not(.sponsored + .sponsored) { color: inherit; font-weight: 600; text-transform: uppercase; } #qsWidgetContainer176 .non_featured_list { background-color: transparent; border-top: 0 none; } #qsWidgetContainer176 .cdBankingDesignChanges .sh-listing { border: 1px solid #F2F2F2 !important; box-shadow: 4px 4px 20px 0 #1111110D; margin-bottom: 40px; } #qsWidgetContainer176 .listing { background-color: #fff; 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font-weight: 600; } }Types of certificates of depositVarious CD types cater to different needs, such as:Brokered CDsare bought and sold via brokerage accounts rather than banks or credit unions. They are typically issued by banks and sold to brokerages, which offer them to customers at higher APYs compared to conventional CDs.Callable CDsinclude a call feature allowing the issuing financial institution to end the CD before its maturity. Upon such a call, investors retain their principal along with any accrued interest up to that point.Bump-up CDsallow you to request a higher APY if interest rates increase after you’ve opened your account. Generally, you can adjust the rate on your CD once or twice during its term.No-penalty CDsdo not impose penalties for withdrawing funds before maturity. They are less prevalent than other CD varieties and may also feature lower APYs compared to traditional CDs.Jumbo CDsusually require a minimum initial deposit of at least $100,000 but generally provide higher APYs than standard CDs.Variable-rate CDs offerchanging APYs that are indexed to prevailing interest rates. They carry higher risk compared to traditional CDs because a decrease in interest rates before maturity can lead to a lower yield.Series on daily CD rates created by former Fortune editor Cassie Bottorff. This edition has been updated by Editor, Evergreen Content Glen Luke Flanagan.Fortune Brainstorm AIreturns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.

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Earn up to 4.20% APY. Here are the best CD rates, Nov. 24, 2025

Lloyd's of London under scrutiny as governance issues highlight market risks

Controversy surrounding former CEO John Neal continues to have a ripple effect on the marketInsurance NewsBy Josh RecamaraNov 30, 2025ShareLloyd's of London is facing renewed scrutiny after allegations of executive misconduct have emerged, raising questions about governance, culture and operational oversight in a market responsible for insuring risks in over 200 countries.The spotlight has fallen amid the controversy surrounding John Neal, former CEO, and the promotion of Rebekah Clement to director of corporate affairs.While an earlier internal review cleared the appointments, Lloyd’s leadership commissioned a fresh investigation after concerns persisted that the previous inquiry did not fully address the issues, according toThe Wall Street Journal. The investigation has already affected Neal’s career -- American International Group withdrew a planned executive appointment, paying him $2.7 million under a mutual agreement in lieu of the role.Former Lloyd’s CEO Inga Beale once described the market as historically protective and male-dominated, with a culture that tolerated misconduct and made it difficult for women to advance. Efforts to introduce reform, such as banning daytime drinking and updating dress codes, faced resistance. These cultural issues have implications for underwriting and market performance, as inclusivity and strong governance are increasingly linked to reputational and operational risk in insurance.The Lloyd’s market connects thousands of buyers and sellers of risk protection daily, from syndicates underwriting large-scale property and casualty exposures to bespoke policies for specialized assets such as aircraft, satellites, or celebrity body parts. Enduring cultural and governance weaknesses can undermine trust among clients and brokers, disrupt market operations, and complicate regulatory compliance.Under Neal, reforms included updated codes of conduct, fines for managers who overlooked misconduct, and diversity initiatives.Workforce composition has shifted, with over 40% women and 14% ethnically diverse staff, according to the report. Yet the current investigation highlights that operational and reputational risks linked to culture remain relevant, particularly as Lloyd’s engages with institutional and multinational clients globally.Sheila Cameron, CEO of the Lloyd’s Market Association, called for transparency and public disclosure of the probe’s findings to ensure accountability and maintain confidence among insurers, brokers, and policyholders.Lloyd’s long-standing reputation for product innovation and market leadership relies on its ability to uphold governance standards, manage reputational risk, and maintain trust in its underwriting operations.The ongoing probe serves as a reminder that even historic market leaders must align cultural and governance practices with the operational expectations of modern insurance markets.Related StoriesAIG's incoming president John Neal withdrawsLloyd's leader John Neal on putting culture at the heart of insurance

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Lloyd's of London under scrutiny as governance issues highlight market risks

Elon Musk revives billionaire beef with Bill Gates, says he better exit his ‘crazy short’ against Tesla soon or else add to his $1.5 billion in losses

Elon Musk is apparently still not over the fact that Bill Gates bet against Tesla, even as his multimillion-dollar short has ballooned into a $1.5 billion loss.Recommended VideoThe Tesla CEO, on a victory lap after shareholders approved his massive $1 trillion pay package, demonstrated his feud with Gates is alive and well—years after it started.“If Gates hasn’t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,” said Musk in a Sunday post.The post, in reply to an anonymous user commenting on the Gates Foundation’s offloading of Microsoft stock, breathes new life into Musk’s conflict with Gates, which dates back to 2022.Gates reportedly shorted, or bet against, Tesla’s stock to the tune of $500 million, earning him a personal text from Musk and “super mean” behavior, Gates said in a later interview with Musk biographer Walter Isaacson. The Tesla CEO at the time asked Gates bluntly if he had taken the short position, which the Microsoft cofounder confirmed, though he added in the message he wanted to talk about philanthropy possibilities.Musk, though, balked at the idea.“Sorry, I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change,” he said in a message at the time.He followed up with a post on X making fun of Gates’ weight. Gates for his part said the short “has nothing to do with climate change. I have ways of diversifying,” he told the BBC.Despite Musk’s animosity, which Gates later explained away—“he’s super mean to so many people, so you can’t take it too personally”—Musk’s Tesla has turned the tables on Gates.  It’s unclear exactly when Gates opened the short position, but since April 2022, when the exchange between Gates and Musk was publicized, the EV company’s stock has shot up at least 20%, but possibly more depending on the price Gates shorted the stock at.Gates’ bet had him underwater by $1.5 billion when the stock was trading at $400 per share, according to Walter Isaacson’s biography of Musk. The stock as of Monday was trading at about $408 per share.The reestablished feud between Gates and Musk comes as Musk, who has a net worth of $431 billion, according to the Bloomberg Billionaires Index, likely cemented his place as the world’s richest man for years to come thanks to a massive pay package approved by Tesla shareholders earlier this month. The largest CEO compensation plan ever proposed would give the Tesla CEO up to $1 trillion in compensation in exchange for his meeting of certain performance benchmarks, including boosting the stock to an $8.5 trillion market value, more than any other company in modern history.Join us at the Fortune Workplace Innovation SummitMay 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.

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Elon Musk revives billionaire beef with Bill Gates, says he better exit his ‘crazy short’ against Tesla soon or else add to his $1.5 billion in losses

Quant who said passive era is ‘worse than Marxism’ doubles down

Inigo Fraser Jenkins once warned that passive investing was worse for society than Marxism. Now he says even that provocative framing may prove too generous.Recommended VideoIn his latest note, the AllianceBernstein strategist argues that the trillions of dollars pouring into index funds aren’t just tracking markets — they are distorting them. Big Tech’s dominance, he says, has been amplified by passive flows that reward size over substance. Investors are funding incumbents by default, steering more capital to the biggest names simply because they already dominate benchmarks.He calls it a “dystopian symbiosis”: a feedback loop between index funds and platform giants like Apple Inc., Microsoft Corp. and Nvidia Corp. that concentrates power, stifles competition, and gives the illusion of safety. Unlike earlier market cycles driven by fundamentals or active conviction, today’s flows are automatic, often indifferent to risk.Fraser Jenkins is hardly alone in sounding the alarm. But his latest critique has reignited a debate that’s grown harder to ignore. Just 10 companies now account for more than a third of the S&P 500’s value, with tech names driving an outsize share of 2025’s gains.“Platform companies and a lack of active capital allocation both imply a less effective form of capitalism with diminished competition,” he wrote in a Friday note. “A concentrated market and high proportion of flows into cap weighted ‘passive’ indices leads to greater risks should recent trends reverse.” While the emergence of behemoth companies might be reflective of more effective uses of technology, it could also be the result of failures of anti-trust policies, among other things, he argues. Artificial intelligence might intensify these issues and could lead to even greater concentrations of power among firms. His note, titled “The Dystopian Symbiosis: Passive Investing and Platform Capitalism,” is formatted as a fictional dialog between three people who debate the topic. One of the characters goes as far as to argue that the present situation requires an active policy intervention — drawing comparisons to the breakup of Standard Oil at the start of the 20th century — to restore competition.data-srcyloadIn a provocative note titled “The Silent Road to Serfdom: Why Passive Investing is Worse Than Marxism” and written nearly a decade ago, Fraser Jenkins argued that the rise of index-tracking investing would lead to greater stock correlations, which would impede “the efficient allocation of capital.” His employer, AllianceBernstein, has continued to launch ETFs since the famous research was published, though its launches have been actively managed. Other active managers have presented similar viewpoints — managers at Apollo Global Management last year said the hidden costs of the passive-investing juggernaut included higher volatility and lower liquidity. There have been strong rebuttals to the critique: a Goldman Sachs Group Inc. study showed the role of fundamentals remains an all-powerful driver for stock valuations; Citigroup Inc. found that active managers themselves exert a far bigger influence than their passive rivals on a stock’s performance relative to its industry.“ETFs don’t ruin capitalism, they exemplify it,” said Eric Balchunas, Bloomberg Intelligence’s senior ETF analyst. “The competition and innovation are through the roof. That is capitalism in its finest form and the winner in that is the investor.”Since Fraser Jenkins’s “Marxism” note, the passive juggernaut has only grown. Index-tracking ETFs, which have grown in popularity thanks to their ease of trading and relatively cheaper management fees, are often cited as one of the primary culprits in this debate. The segment has raked in $842 billion so far this year, compared with the $438 billion hauled in by actively managed funds, even as there are more active products than there are passive ones, data compiled by Bloomberg show. Of the more than $13 trillion that’s in ETFs overall, $11.8 trillion is parked in passive vehicles. The majority of ETF ownership is concentrated in low-cost index funds that have significantly reduced the cost for investors to access financial markets. In Fraser Jenkins’s new note, one of his fictitious characters ask another what the “dystopian symbiosis” implies for investors. “The passive index is riskier than it has been in the past,” the character answers. “The scale of the flows that have been disproportionately into passive cap-weighted funds with a high exposure to the mega cap companies implies the risk of a significant negative wealth effect if there is an upset to expectations for those large companies.”Join us at the Fortune Workplace Innovation SummitMay 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.

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Quant who said passive era is ‘worse than Marxism’ doubles down

Presidential Bank review 2025: Checking account APY that might be better than your current high-yield savings

You’ve probably never heard of Presidential Bank, a small financial institution located in the Washington, DC area. It’s worth educating yourself. This bank offers generous, highly competitive return rates with its best checking accounts, savings accounts, money market accounts, and more. In our Presidential Bank review, we’ll give you the facts you need to decide whether it’s a good fit for your banking needs. Rates and fees current as of Nov. 21, 2025, and are subject to change.#qsWidgetContainer175, #qsWidgetContainer175 [data-widget-id] { background-color: transparent; font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; letter-spacing: .5px; padding: 0; } #qsWidgetContainer175 .sizeone .header-section { border-bottom: 0 none; color: #666; font-weight: 600 !important; padding: 6px 0; } #qsWidgetContainer175 .sponsored { font-family: inherit; letter-spacing: .5px; } #qsWidgetContainer175 .sponsored .add-text { color: inherit !important; } #qsWidgetContainer175 .sponsored:not(.sponsored + .sponsored) { color: inherit; font-weight: 600; text-transform: uppercase; } #qsWidgetContainer175 .non_featured_list { background-color: transparent; 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font-size: 16px !important; font-weight: 600 !important; letter-spacing: .5px !important; } @media only screen and (width: 768px) { #qsWidgetContainer175 .cdBankingDesignChanges .sh-row-product-title.sh-bank-name { position: relative; top: initial; } } @media only screen and (max-width: 767px) { #qsWidgetContainer175 .cdBankingDesignChanges .sh-first-product .sh-title-container { padding: 0; } #qsWidgetContainer175 .prop-conatiner:not(:first-child):before { height: 2px; left: 0; top: -12px; width: 100%; } #qsWidgetContainer175 .sh-row2-container { flex-basis: 100% !important; padding-bottom: 8px !important; } #qsWidgetContainer175 .sh-first-product .sh-title-container .sh-row-container { height: auto; padding: 8px; } #qsWidgetContainer175 .cdBankingDesignChanges .sh-row-product-title.sh-bank-name { font-size: 14px; font-weight: 400; margin-top: 8px; top: 182px; } #qsWidgetContainer175 img.logo-image { margin-left: auto; margin-right: auto; max-width: 200px; } #qsWidgetContainer175 .listing-title { font-size: 20px; font-weight: 600; } }Presidential BankPresidential BankChecking accounts$5 monthly fee (avoidable)Savings accountsEarn up to 4.00%CD ratesEarn up to 4.00% APYMoney marketOpen with as little as $1,000View offerat MoneyLionCompany insightsYear Founded: 1985Company Headquarters: Bethesda, MDCEO: Bruce ClevelandWho is Presidential Bank good for? Presidential Bank is likely a good option for anyone in search of a generous return rate on every deposit account. Whether you’re after checking, savings, CDs, or money market accounts, Presidential Bank is at or near the top of the heap in terms of APY.Presidential Bank can also be a great choice for those who want to keep all their banking at one establishment. Oftentimes, banks that offer return rates this generous are not full-service financial institutions—offering limited account types. Presidential offers just about anything you could want, from mortgages to lines of credit.Who shouldn’t use Presidential Bank? Primarily serving the Washington, DC area, Presidential Bank only offers a handful of brick-and-mortar locations around the nation’s capital and in Maryland and Virginia. If you don’t live near one of these areas, you won’t be able to bank in-person. That could be a deal-breaker for some would-be customers, especially as not all accounts can be opened online. Additionally, the best account options tend to come with hefty minimum deposit and balance requirements. If you’re only working with a few hundred dollars to start with, Presidential Bank may not serve you well. N/AProsTop-tier checking account APYHealthy number of CD termsSavings accounts have no transfer limitationsConsNot all account types can be opened onlineLimited physical branchesSome accounts require considerable balances to avoid feesPresidential Bank rates and productsPresidential Bank has an unusually large selection of deposit accounts, including four checking accounts, two savings accounts, and two money market accounts (MMAs). With every account type, it’s possible to get high-octane returns—though some require significant minimum deposits. Checking accountsUp to 4.12% APYSavings accountsUp to 4.00% APYCDsUp to 4.00% APYMoney Market Up to 3.87% APYBank details checked Nov. 21, 2025.Checking accountsPresidential Bank provides a whopping four checking account options. Three can be opened online—but the bank’s Regular Checking can only be opened in-branch.Most interesting is the Advantage Checking account which offers higher APY than even many high-yield savings accounts. But, to be eligible for the maximum return, you must receive a $500 + monthly direct deposit and make 7+ electronic withdrawals per month. The Advantage Checking account also unlocks the bank’s highest savings account APY, which we’ll provide more details on in a minute.Presidential Bank checking account featuresAccount opening bonus N/AMinimum opening deposit$100 –$1,500Monthly fees$5 (avoidable)APYUp to 4.12%Overdraft fees$25 (overdraft protection at $5.00 per transfer)Bank details checked Nov. 21, 2025.Advantage Checking account features:Minimum opening deposit:$500  Monthly fees:$5 (waived with $500+ monthly balance) APY:4.12% for balances up to $25,000 3.12% for higher balances 0.10% for accounts that don’t meet monthly requirements Transaction limitations:Only three checks per month (then $3 per check) Paper checks:Yes Overdraft fees:$25 (or overdraft protection at $5 per transfer) Out-of-network ATM fees:$0 (monthly $8 in reimbursements to offset ATM-operator surcharge) Checking PLUS account features:Minimum opening deposit:$1,500  Monthly fees:$5 (waived with $1,000 balance) APY:0.12% for balances up to $25,000 0.10% for higher balances Paper checks:Yes Overdraft fees:$25 (or overdraft protection at $5.00 per transfer) Out-of-network ATM fees:$0  Regular Checking account features:Minimum opening deposit:$100  Monthly fees:$5 (waived with $100+ monthly balance) APY:N/A Overdraft fees:$25 (or overdraft protection at $5 per transfer) Out-of-network ATM fees:$0  Special Checking account features:Minimum opening deposit:$500Monthly fees:$5 (waived with $500+ monthly balance) APY:0.12% for balances up to $1,000 0.10% for higher balances Paper checks:Yes (unlimited check writing ability) Overdraft fees: $25 (or overdraft protection at $5 per transfer) #qsWidgetContainer174, #qsWidgetContainer174 [data-widget-id] { background-color: transparent; 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color: #111; } /** CD Styles */ #qsWidgetContainer174 .cdBankingDesignChanges .sh-listing-container { padding: 0; } #qsWidgetContainer174 .cdBankingDesignChanges #sh-header-container { border-bottom: 1px solid #F2F2F2; margin-bottom: 0; padding: 6px 0; } #qsWidgetContainer174 #sh-star-icon:before { background-color: #007B9D; content: ' '; display: block; height: 10px; left: 0; position: absolute; top: 1.5px; width: 10px; } #qsWidgetContainer174 .listing-title { font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif !important; } #qsWidgetContainer174 .shmktpl-sponsored, #qsWidgetContainer174 .cdBankingDesignChanges .shmktpl-disclosure-button { color: #666 !important; font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; font-weight: 600; line-height: 150%; } #qsWidgetContainer174 .sh-logo { flex-shrink: 1; } #qsWidgetContainer174 .shmktpl-sponsored { text-transform: uppercase; } #qsWidgetContainer174 .cdBankingDesignChanges .sh-listing-content-wrapper { box-shadow: none; gap: 24px; margin-bottom: 0; padding: 24px; } #qsWidgetContainer174 .disclosure-content ul li { font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; font-size: 16px; font-weight: 500; letter-spacing: .5px; line-height: 150%; } #qsWidgetContainer174 .sh-fdic-insured .sh-icon svg path { fill: #666 !important; } #qsWidgetContainer174 .cdBankingDesignChanges .sh-row-product-title.sh-date { margin-right: 0; padding-top: 0; } #qsWidgetContainer174 .cdBankingDesignChanges .sh-row-product-title.sh-bank-name { font-style: normal; font-weight: 400; margin-right: 0; margin-top: 4px; } #qsWidgetContainer174 .cdBankingDesignChanges .sh-row-container { align-items: flex-start; } #qsWidgetContainer174 .cdBankingDesignChanges .product-details-container > .sh-row-container { align-items: center !important; } #qsWidgetContainer174 .cdBankingDesignChanges .sh-first-product .sh-title-container { height: auto; min-height: 0; padding: 12px; } #qsWidgetContainer174 .sh-title { font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; font-size: 20px; font-weight: 600; text-align: left; } #qsWidgetContainer174 .sh-fdic-insured .sh-text { color: #666 !important; } #qsWidgetContainer174 .sh-first-product .sh-btn__text, #qsWidgetContainer174 .sh-btn__text { border-radius: 0; border-color: #111; color: #111; font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; font-weight: 600; line-height: 150%; height: auto; letter-spacing: .5px; padding: 12px 16px; } #qsWidgetContainer174 .sh-btn__text:hover { border-color: #666; color: #666; } #qsWidgetContainer174 .sh-row-sub-container span.sh-row-value { font-family: var(--graphik-compact), Graphik Compact, Arial Narrow, Helvetica neue Condensed, sans-serif !important; font-size: 16px !important; font-weight: 600 !important; letter-spacing: .5px !important; } @media only screen and (width: 768px) { #qsWidgetContainer174 .cdBankingDesignChanges .sh-row-product-title.sh-bank-name { position: relative; top: initial; } } @media only screen and (max-width: 767px) { #qsWidgetContainer174 .cdBankingDesignChanges .sh-first-product .sh-title-container { padding: 0; } #qsWidgetContainer174 .prop-conatiner:not(:first-child):before { height: 2px; left: 0; top: -12px; width: 100%; } #qsWidgetContainer174 .sh-row2-container { flex-basis: 100% !important; padding-bottom: 8px !important; } #qsWidgetContainer174 .sh-first-product .sh-title-container .sh-row-container { height: auto; padding: 8px; } #qsWidgetContainer174 .cdBankingDesignChanges .sh-row-product-title.sh-bank-name { font-size: 14px; font-weight: 400; margin-top: 8px; top: 182px; } #qsWidgetContainer174 img.logo-image { margin-left: auto; margin-right: auto; max-width: 200px; } #qsWidgetContainer174 .listing-title { font-size: 20px; font-weight: 600; } }Savings accountsYou’ll have two savings account options to choose from at Presidential Bank: Advantage Savings and Premier Savings. Neither account comes with transfer limits. This differs from savings accounts at many other financial institutions which typically limit the number of times you can access your money each month. The Advantage Savings account comes with far and away the higher APY of the two. Again, you can qualify for the highest return when you’ve also got an Advantage Checking account. Presidential Bank savings account featuresAccount opening bonus N/AMinimum opening deposit$500 –$5,000  Monthly fees$0APYUp to 4.00%Overdraft fees$0Bank details checked Nov. 21, 2025.Advantage Savings account features:Minimum opening deposit:$5,000Minimum balance:$0Monthly fees:$0APY:4.00% with an Advantage Checking account (otherwise 3.50%) Transfer limitations:None Premier Savings account features:Minimum opening deposit:$500Minimum balance:$0Monthly fees:$0APY:0.50% on balances up to $35,000; 0.35% on higher balances Transfer limitations:None Money market accountsMoney market accounts can be thought of as a cross between a savings account (which traditionally comes with higher APY than a checking account) and a checking account (which gives you more flexibility to access your funds). Pro tipLearn more about the differences between MMAs and savings accounts.Presidential Bank offers two MMAs, the Money Market Advantage Checking and the Money Market Checking account. The latter can only be opened in-branch. Each allows you to spend your money via debit card and paper checks. In fact, you’ll receive unlimited free checks with these accounts—something no other Presidential Bank deposit accounts offer. Presidential Bank MMA featuresMinimum opening deposit$1,000 –$25,000Minimum balance$0Monthly fees$5 (avoidable)APYUp to 3.87%Overdraft fees$0Bank details checked Nov. 21, 2025.Money Market Advantage Checking features:Minimum opening deposit:$25,000Minimum balance:$0Monthly fees:$5 (waived with $25,000 balance) APY:0.10% on balances under $25,000 3.87% on balances between $25,000 and $250,000  1.50% on higher balances Transaction limitations:None Money Market Checking features:Minimum opening deposit:$1,000  Minimum balance:$0Monthly fees:$5 (waived with $500 balance) APY:0.15% on balances under $1,000 0.25% on balances of $1,000 to $9,999.99 0.30% on balances of $10,000+ Transaction limitations:None Certificates of depositPresidential Bank offers two types of CDs: Standard and IRA CDs. You can choose from 10 standard CD terms and four IRA CD terms. These CDs are relatively straightforward (you won’t find specialty options like bump-up, flex, or jumbo CDs), but there’s one curious exception: The 7-month CD requires that you use new money to open it. In other words, you can’t open it with money already stored with Presidential Bank. Of course, you’ll also be subject to early withdrawal penalties if you try to access money before your account matures. Depending on the length of your account term, you’ll pay between 30 days’ and 24 months’ interest. Presidential Bank CD featuresMinimum opening deposit$1,000Available term lengths30, 60, 90, 182 days; 7, 9 12, 24, 36, 60 monthsAPYUp to 4.25%Early withdrawal penalty– Terms between 30 and 60 days: 30 days’ interest – Terms between 90 days and 7 months: 3 months’ interest – Terms of 9 months: 4 months’ interest – Terms of 1 year: 6 months’ interest – Terms of 2 years: 12 months’ interest – Terms of 3 years: 18 months’ interest – Terms of 5 years: 24 months’ interestGrace period– Terms of 30 days: 1 business day – Terms of 60 days to 5 years: 7 calendar daysStandard CDsTerm lengthAPY30 days0.10%60 days0.10%90 days0.10%182 days3.50%7 months4.00%9 months3.88%12 months3.75%24 months3.00%36 months2.85%60 months2.85%30 daysAPY0.10%60 daysAPY0.10%90 daysAPY0.10%182 daysAPY3.50%7 monthsAPY4.00%9 monthsAPY3.88%12 monthsAPY3.75%24 monthsAPY3.00%36 monthsAPY2.85%60 monthsAPY2.85%Bank details checked as of Nov. 21, 2025IRA CDsTerm lengthAPY12 months4.00%24 months3.00%36 months2.85%60 months2.85%12 monthsAPY4.00%24 monthsAPY3.00%36 monthsAPY2.85%60 monthsAPY2.85%Bank details checked as of Nov. 21, 2025ADVERTISEMENTAdvertiser DisclosurePrivacy policyPowered byBest CD Rates for December 9, 2025ZIP Code Deposit Amount $Min. Term Length 6 months1 months6 months1 year18 months2 years3 yearsMax. Term Length 3 years6 months1 year18 months2 years3 years4 years5 years6 yearsFEATURED OFFERSAPYTERMMIN. DEPOSITEST. EARNINGSLoading...4.25 %December 9, 20252yr$ 1000$ 1063Over 1 Year2 years cd AccountUnited Fidelity BankMember FDICQUICK LOOK4.20 %December 2, 20256mo$ 1000$ 1050Over 1 Year6 Mo CD cd AccountLimelightBankMember FDICOFFER DETAILSQUICK LOOKLimelight Bank is the online division of Capital Community Bank. It offers competitive yields on CDs, but it doesn’t offer any other types of bank accounts.READ BANK REVIEW4.15 %December 2, 20259mo$ 500$ 1038Over 1 Year9 Mo CD cd AccountM.Y. Safra BankMember FDICOFFER DETAILSQUICK LOOKM.Y. Safra Bank is an FDIC-insured institution with just one branch in New York City and also offers strictly online accounts. It provides a full range of personal and business deposit products as well as loans and lines of credit. Its online-only CDs offer the most attractive rates the bank has to offer, but its savings and money market accounts also offer decent yields.READ BANK REVIEW12345...160Other services Presidential Bank offersPresidential Bank offers more than lucrative deposit accounts. You can also apply for: Mortgages:Whether you’re looking to buy a new home or refinance your current home, Presidential Bank has options. Home equity line of credit:Borrow the equity you’ve built in your home in the form of a line of credit. Lines of credit:Receive a revolving line of credit in exchange for providing collateral to Presidential Bank. IRAs:Presidential Bank offers self-direct individual retirement accounts, both traditional and Roth.  Online banking Presidential Bank offers features common among online banking platforms. You can make payments, transfer funds, view checks, send secure messages to Presidential Bank, and more. Presidential Bank also offers a mobile app for Apple, Android, and Kindle. The Presidential Bank platform and customer supportYou can reach Presidential Bank customer service with one of two numbers: 800-383-6266 or 240-333-9059. Hours are 8 a.m. to 10 p.m. Eastern Time Monday through Friday. Presidential Bank also has an automated phone service available 24/7 at 800-317-6980. If you’d prefer to email, you can reach the bank at email@presidential.com. Presidential Bank has branches in Maryland, Virginia, and Washington, DC. Is Presidential Bank secure?Presidential Bank uses enhanced login security to help prevent fraudsters from accessing your account. It boasts of its cutting-edge technology and services to keep users safe. It also benefits from FDIC insurance. You’re covered up to $250,000 per account type per depositor. Presidential Bank user reviewsCustomers who have a bad experience with a financial institution are the ones most likely to write an online review. With that in mind, Presidential Bank gets mixed online reports from its customers. Users on Reddit and other forums praise the bank’s high interest rates and friendly, competent employees. On the other hand, some call out their small physical footprint and report concerning hiccups after account opening. While not accredited with the Better Business Bureau, Presidential Bank receives a BBB rating of an A- for failure to respond to one complaint. #qsWidgetContainer176, #qsWidgetContainer176 [data-widget-id] { background-color: transparent; font-family: var(--graphik-cond),Graphik Cond,Arial Narrow,Helvetica neue Condensed,sans-serif; letter-spacing: .5px; padding: 0; } #qsWidgetContainer176 .sizeone .header-section { border-bottom: 0 none; color: #666; font-weight: 600 !important; padding: 6px 0; } #qsWidgetContainer176 .sponsored { font-family: inherit; letter-spacing: .5px; } #qsWidgetContainer176 .sponsored .add-text { color: inherit !important; } #qsWidgetContainer176 .sponsored:not(.sponsored + .sponsored) { color: inherit; font-weight: 600; text-transform: uppercase; } #qsWidgetContainer176 .non_featured_list { background-color: transparent; border-top: 0 none; } #qsWidgetContainer176 .cdBankingDesignChanges .sh-listing { border: 1px solid #F2F2F2 !important; 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font-weight: 600; } }Compare Presidential Bank alternativesIf Presidential Bank’s limited footprint or generally high minimum deposit and balance requirements give you pause, it’s worth evaluating competing institutions to store your money with. For folks seeking competitive yields and comfortable banking online, two options worth considering are Alliant Credit Union and Discover Bank. Presidential BankDiscover BankAlliant Credit UnionChecking account APYChecking account APYChecking account APY4.12%Not interest bearing (but debit card that earns up to 1% back on purchases)0.25%Savings account APYSavings account APYSavings account APY4.00%3.40%3.10%CD APYCD APYCD APY4.00%Up to 3.50%4.10%Learn moreLearn moreLearn moreView offerat MoneyLionView offerat Discover BankView offerat MoneyLionBank details checked Nov. 21, 2025Is Presidential Bank right for you?Presidential Bank may be right for you if a high APY is of paramount importance. Across the board, it offers stunning returns with its deposit accounts. Presidential Bank may also be a good fit for those who find value in unlimited transactions for savings accounts. That’s a perk you likely won’t find at many other financial institutions. Just keep in mind the bank’s extremely limited physical presence. In-person banking will only be possible for those who live around the Washington, DC, area. Not in need of a physical bank branch?Check out our picks for the best online banks of 2025. Frequently asked questionsWhere is Presidential Bank located?Presidential Bank is headquartered in Bethesda, Maryland. Its branches are in Maryland (Bethesda, Frederick, Rockville), Virginia (Ballston, Leesburg, McLean, Reston, Rosslyn, Tysons), and the District of Columbia (K-Street).Are there any ATM fees with Presidential Bank?Presidential Bank doesn’t charge ATM fees, but you may incur fees from ATM operators if you use an out-of-network option.Does Presidential Bank charge for wire transfers, and what are the current fees?Presidential Bank does not charge a fee for incoming wire transfers. Outgoing domestic transfers cost $20, outgoing international transfers cost $45, and outgoing international foreign currency transfers cost $35.How do I contact Presidential Bank customer service, and what are the support hours?You can contact Presidential Bank customer service by calling either 800-383-6266 or 240-333-9059. Customer service hours are between 8 a.m.and 10 p.m. Eastern Time from Monday to Friday.Are there any account closure fees with Presidential Bank?You’ll be changed a $5 fee if you close your account within six months from the date it was opened. This excludes CDs which come with their own unique early withdrawal fees.Fortune Brainstorm AIreturns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.

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Presidential Bank review 2025: Checking account APY that might be better than your current high-yield savings

Current mortgage rates report for Nov. 27, 2025: Rates tick slightly down again

The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.169%, according to data available from mortgage data company Optimal Blue. That’s down 2 basis points from the prior day’s report, and down about 6 basis points from a week ago. Read on to compare average rates for a variety of conventional and government-backed mortgage types and see whether rates have increased or decreased.Check Out Our Daily Rates ReportsDiscover the highest high-yield savings rates, up to 5% for December 8, 2025.Discover the highest CD rates, up to 4.18% for December 8, 2025.Discover the current mortgage rates for December 8, 2025.Discover current refi mortgage rates report for December 8, 2025.Discover current ARM mortgage rates report for December 8, 2025.Discover the current price of gold for December 8, 2025.Discover the current price of silver for December 8, 2025.Current mortgage rates data:30-year conventionalCurrent rate6.169%One week ago6.230%One month ago6.155%30-year jumboCurrent rate6.453%One week ago6.501%One month ago6.531%30-year FHACurrent rate5.978%One week ago6.104%One month ago6.114%30-year VACurrent rate5.766%One week ago5.933%One month ago5.726%30-year USDACurrent rate6.073%One week ago6.137%One month ago5.999%15-year conventionalCurrent rate5.424%One week ago5.457%One month ago5.389%Note thatFortunereviewed Optimal Blue’s latest available data on Nov. 26, with the numbers reflecting home loans locked in as of Nov. 25.What’s happening with mortgage rates in the market?If it appears 30-year mortgage rates have been stuck on the brink of 7% for an eternity, that impression is not too far off from reality. Many watching the market expected rates to decrease when the Federal Reserve began reducing the federal funds rate last September, but that hope did not materialize. There was a brief decline leading up to the September 2024 Fed meeting, but rates swiftly increased afterward.In fact, by January 2025 the average rate for a 30-year, fixed-rate mortgage passed 7% for the first time since last May, according to Freddie Mac figures. That’s considerably higher than the historic average low of 2.65% witnessed in January 2021, when the government was still attempting to boost the economy and prevent a pandemic-induced recession.Barring another catastrophe, experts agree we won’t see mortgage rates in the 2% to 3% range in our lifetimes. And, with President Donald Trump’s pursuit of policies such as tariffs and deportations, some analysts have long feared the labor market could tighten and inflation could reignite. Against that backdrop, U.S. homebuyers have faced high mortgage rates for some time—though some found ways to make their purchase more affordable, such as negotiating rate buydowns with a builder when buying newly constructed housing.Would-be homebuyers did get some relief beginning in late August and early September of 2025, and continuing through October. Mortgage interest rates trended notably downward, falling closer to 6%—for 30-year, fixed-rate conforming loans—leading up to the Fed’s meeting in September. The Fed delivered a quarter percentage point rate cut to the federal funds rate at that meeting, and another cut of the same amount when it met in October.While the fed funds rate and mortgage interest rates don’t move in tandem 100% of the time, it’s often true that the market adjusts ahead of expected action by the central bank.How to get the best mortgage rate you canWhile economic conditions are out of your control, your financial profile as an applicant also has a major impact on how low a mortgage rate you’re offered. With that in mind, strive to do the following:Ensure your credit is in excellent shape.The minimum credit score to get a conventional mortgage is generally 620 (for FHA loans, you may be able to qualify with a score of 580 or a score as low as 500 and a 10% down payment). But, if you’re hoping to get a low rate that could potentially save you five or even six figures in interest over the life of your loan, you’ll want a score quite a bit higher. For example, lender Blue Water Mortgage notes that a score of at least 740 is considered top tier.Keep your debt-to-income (DTI) ratio low.You can calculate your DTI by dividing your monthly debt payments by your gross monthly income, then multiplying by 100. For example, someone with a $3,000 monthly income and $750 in monthly debt payments has a 25% DTI. It’s typically best when applying for a mortgage to have a DTI of 36% or below, though you may get approved with a DTI as high as 43%Get prequalified with multiple lenders.You may wish to try a mix of large banks, local credit unions, and online lenders and compare offers. Plus, getting connected with loan officers at several different institutions can help you evaluate what you’re looking for in a lender and which one will be best able to meet your needs. Just make sure when you’re comparing rates that you’re doing it in a way that’s apples to apples—if one estimate relies on you purchasing mortgage discount points and another does not, it’s important to understand there’s an upfront cost for buying down your rate with points.Mortgage interest rates historical chartAn important piece of context to the discussion surrounding high mortgage rates is that recent rates in the ballpark of 7% feel high because of the not-too-distant memory of rates in the range of 2% to 3%. Those rates were possible as the federal government took virtually unprecedented action trying to prevent recession as the country battled a global pandemic.However, under more typical economic conditions, experts agree we’re unlikely to see such dramatically low interest rates again. And, historically, rates in the vicinity of 7% are not abnormally high.Consider this St. Louis Fed (FRED) chart tracking Freddie Mac data on the 30-year, fixed-rate mortgage average. From the 1970s through the 1990s, such rates were more or less the norm, with a massive spike in the early 1980s. In fact, September, October, and November of 1981 all saw mortgage interest rates above 18%.Still, that historical context is scant comfort for homeowners who may want to move but are locked in with a once-in-a-lifetime low interest rate. Such situations are common enough in the current market that low pandemic-era rates keeping homeowners put when they’d otherwise move have become known as the “golden handcuffs.”Factors that impact mortgage interest ratesThe state of the U.S. economy may well be the biggest thing impacting mortgage rates. If lenders are worried about inflation, they can hike rates to protect their future earnings. And, the national debt is another big factor. When the government has to borrow large sums to cover its spending, that can push interest rates higher.Demand for home loans plays a big role too. If not many consumers are seeking loans, lenders might cut rates to attract borrowers. But if demand is high, they might raise rates to cover the costs of handling more loans.The Federal Reserve’s actions are also crucial. The Fed can influence mortgage rates both by adjusting the federal funds rate and by managing its balance sheet.That first factor, the federal funds rate, gets a lot of coverage in the media. When the Fed hikes or cuts it, mortgage rates often follow. But keep in mind, the Fed doesn’t set mortgage rates directly, and they don’t always move in perfect step with the fed funds rate.The Fed also impacts rates on long-term financial products like mortgages via its balance sheet. During economic downturns, the central bank can buy assets like mortgage-backed securities (MBS) to inject money into the economy.But recently, the Fed has been trimming its balance sheet, letting assets mature without buying new ones. This tends to push interest rates up. So while everyone watches for federal funds rate decisions, what the Fed does with its balance sheet might matter even more for your mortgage rate.Why it’s important to compare mortgage ratesComparing rates on different types of loans and shopping around with different lenders are both important steps in getting the best mortgage for your situation.If your credit is in stellar shape, opting for a conventional mortgage could very well be the best choice for you. But, if your score is sub-600, an FHA loan may give you a chance a conventional loan would not.When it comes to shopping around with different banks, credit unions, and online lenders, it can make a tangible difference in how much you pay. Freddie Mac research shows that in a market with high interest rates, homebuyers may be able to save $600 to $1,200 annually if they apply with multiple mortgage lenders.Fortune Brainstorm AIreturns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.

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Current mortgage rates report for Nov. 27, 2025: Rates tick slightly down again
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