- The best CDs today offer APY up to 4.65%.
- Your apy is fixed when opening a CD, so your returns will not fall if the total tariffs fall.
- Opening a CD can now protect your income from cut -off cutting cuts later this year.
When it comes to raising your savings with a deposit certificate, choosing the right account is essential. CD rates may vary significantly from bank to bank, but today’s best CDs boast more than twice the national average for some terms.
Ready to earn up to 4.65% annual percentage yield? Read further to see some of the highest CD rates available now and how much you can earn by depositing $ 5,000.
The best rates of today’s CD
| term | APY HIGHT* | Bank | Estimated profits |
|---|---|---|---|
| 6 months | 4.65% | Federal Credit Union around the world | $ 114.93 |
| 1 year | 4.45% | Federal Credit Union around the world | 222.50 dollars |
| 3 years | 4.15% | The union of America’s first loan | 648.69 dollars |
| 5 years | 4.25% | The union of America’s first loan | $ 1,156.73 |
Experts recommend comparing norms before opening a CD account to get the best possible APY. Set up your information below to get the best CNET partners rate for your area.
Why is it now a great time to open a CD
The Federal Open Market Committee meets eight times a year to set the level of federal funds based on the health of the US economy. Fed can raise interest rates to try to slow down inflation or lower them to stimulate costs. After lowering interest rates in 2024, the Fed stopped the rates at her meeting in January in the midst of signs that inflation was returning again.
While the Fed does not directly set CD rates, banks generally set APY according to the level of federal funds. CDs offer a fixed rate for a certain period of time, so closing to a higher rate can now help protect your income if the Fed decides to lower interest rates in the coming months, as experts expect It will happen.
But you have to be careful to choose a term that fits when you will need to use your money. If you have to collect CDs before maturing, you can hit the early withdrawal tariffs.
“Going up with the highest apy makes a lot of sense, though you will want to make sure you choose a maturity date that matches your situation,” said Keith Spencer, CFP, founder and financial planner in Financial Planning Spencer.
Ou you can earn up to 5% APY in the best high -production savings accounts. control The main savings rates now
How have CD rates changed over the past week
| term | Apy average CNET last week APY | The average apy of this week cne | Weekly Change ** |
|---|---|---|---|
| 6 months | 4.10% | 4.09% | -0.24% |
| 1 year | 4.07% | 4.08% | 0.0025 |
| 3 years | 3.55% | 3.56% | 0.0028 |
| 5 years | 3.56% | 3.56% | Invariably |
What to look for in a CD
A competitive apy is important, but it’s not the only thing to consider. To find the right CD for you, weigh these things too:
- When will you need your money: Early withdrawal penalties on CDs can eat your income of interest if you need your money before the deadline is expired, so choose a time limit. Otherwise, you can choose a CD without punishment, though the apy may not be as high as you will get with a traditional CD of the same term.
- Minimum Deposit Request: Some CDs require a minimum deposit to open an account, usually $ 500 to $ 1,000. Knowing how much money you need to set aside can help you narrow your options.
- Fees: Maintenance and other fees can shorten in your savings. Many online banks do not pay fees because they have lower upper costs than banks with physical branches. Read the good press for any account you are evaluating.
- Safety and security: Make sure the bank or the credit of the credit you are thinking is a member of the FDIC or NCUA so that your money is protected if the bank fails.
- Customer Assessments and Evaluations: Visit pages like Trustpilot to see what customers are saying about the bank. You want a bank that is responsible, professional and easy to work with.
Methodology
CNET reviews CD rates based on the latest apy information from the emitter websites. We evaluated CD rates from more than 50 banks, credit unions and financial companies. We evaluate CDs based on APY, product offers, accessibility and customer service.
Current banks included in CNN’s weekly averages include the Alliant Credit, Ally Bank, American Express National Bank, Barclays, Bank, Capital One, CFG Bank, Fulbright, Marcus from Goldman Sachs, Mysb Bank. Direct, Quontic, Rising Bank, Synchrony, Everbank, People’s Bank, First Bank of Indiana, First Federal Credit Union, Federal Credit Union throughout the country, Discover, Bethpage, BMO Alto, Limelight Bank, Bank First Bank NATIONAL OF US AND CONNEXUS UNION Credit.
*APSS since February 14, 2025, based on the banks we follow at CNET. Profits are based on APYS and assume that interest is complicated every year.
** Increase/decrease in the weekly percentage from February 3, 2025, on 10 February 2025.