Similarly, the Bank of Georgia offers 3-24 month term deposit options and currently offers CD rates of 11.60% on one-year term deposits (rates might be slightly lower for non-residents). You also have the option to choose a three-month deposit rate.

TBC offers CD rates of up to 12% for 12 months and 11.20% for 24 months. TBC Bank is located in Tbilisi, Georgia, and is included in the FTSE 250 Index. The Eastern European nation is one of the most accessible places in the world to open a bank account and offers some of the best term deposit interest rates, with access to rates of around 11% on average. Georgia offers banking options that pay high-interest rates, and they’re relatively stable and open to foreigners. The countries with the best CD rates include:Īre you worried that CD rates will not improve, given the current economic climate? Would you like help finding better banking alternatives? The Nomad Capitalist team is ready to help you prepare and create a holistic Action Plan to meet all your banking needs. For example, in Georgia, you can easily make a one-year term deposit and earn a rate of 11% if you make your deposit in Georgian Lari. You just need to be willing to make a term deposit in foreign currency. If you’re happy to go offshore, you can take advantage of much higher CD rates with foreign currencies, with average rates of 12% available, unheard of in the US and much of Europe. The Federal Reserve increased interest rates in the US seven times in 2022 and three times already in 2023, and the current national CD rate is now an average of 1.36% APY (annual percentage yield).

Best cd interest rates in usa