- Today's best CD earns up to 4.65% apy.
- Apys remains elevated after Fed's latest break, but Fed is expected to drop in the coming months.
- Locking your apy can now protect your earnings from upcoming rate reductions.
After months of falls, the Certificate of Deposits is stable so far. This means that you still have time to lock in a great annual percentage yield and increase your earnings before starting to slip.
You can earn Apy up to 4.65% with today's Best CD -a – more than twice as much as National average For some terms. But the Federal Reserve is expected to lower interest rates later this year, these Apy will not hold forever. The sooner you open the CD, the greater your earning potential.
Read on to see some of the highest CD rates available now and how much you can earn with a 5,000 USD deposit.
Today's best CD rates
| Term | Highest apy* | Bank | Estimated earnings |
|---|---|---|---|
| 6 months | 4.65% | Federal Credit Union throughout the Community | $ 114.93 |
| 1 year | 4.45% | Federal Credit Union throughout the Community | $ 222.50 |
| 3 years | 4.15% | First Credit Union of America | $ 648.69 |
| 5 years | 4.25% | First Credit Union of America | $ 1,156.73 |
Experts recommend comparing rates before opening an CD account to get the best possible apy. Enter your information below to get the best rate of CNET partners for your area.
Why is it smart to open a CD today
CD can be a great place to reduce your money at any time, but at times of inflation like today, they can be particularly profitable. Since the Federal Reserve raises interest rates to combat inflation, banks tend to monitor it, raise Apy to consumer products like CDs and and Saving accounts.
If you open CDs as the footsteps remain elevated, you can continue to enjoy the same high yields even when the rates start to fall because your Apy is locked when you open a CD.
But don't wait too long to use today's apy. While the Fed chose pause rates At his January meeting, experts expect to cut rates later this year, meaning the clock jumps.
“Short -term interest rates tend to vary in anticipation of market changes, and even if the Fed does not drop their rates immediately, we can still see that CD rates are starting to move slightly down,” said Chad Olivier, an authorized financial planner. and CEO of Group Olivier. “That said, since the Fed took more careful, waiting and watching access, CD rates and other safe money options are likely to remain at these high levels.”
-You can earn APY up to 5% of the best high -yield saving accounts. Check Top -notch rates of savings Now.
How did the CD rate change in the last week
| Term | Last week's average apy of cnet | This week's average apy of cnet | Weekly change ** |
|---|---|---|---|
| 6 months | 4.08% | 4.08% | There is no change |
| 1 year | 4.07% | 4.07% | There is no change |
| 3 years | 3.56% | 3.56% | There is no change |
| 5 years | 3.55% | 3.56% | +0.28% |
How to choose the best CD for you
Competitive Apy is important, but not the only thing you need to think about. To find the right CD for you, measure these things:
- When you need money: Early withdrawal penalties You can eat on your CD in your earnings if you need money before the term ends, so choose a time frame. Alternatively, you can choose a without penatol CDAlthough Apy may not be as big as you would get a traditional CD with the same term.
- Minimum Deposit Condition: Some CDs need a minimum deposit to open an account, usually from $ 500 to $ 1,000. To know how much money you need to set aside, it can help you reduce your options.
- Taxi: Maintaining and other fees can reduce your savings. A lot Internet banks Do not charge a taxi because they have lower costs for overhead costs than banks with physical branches. Read fine printing for any account you evaluate.
- Security and security: Make sure the bank or Credit union You think he is a member of FDIC or NCUA so that your money is protected If the bank fails.
- Customer reviews and reviews: Visit pages like TrustPilot to see what customers talk about the bank. You want a suit bank, professional and easy to work.
Methodology
CNET reviews CD -based CDs based on the latest APY information from the publisher's web pages. We have evaluated CD rates of more than 50 banks, credit unions and financial companies. We evaluate the CD -based APYS, offers of products, accessibility and customer service.
Current banks included in the Sunday Average CD of CNET include Alliant Credit Union, Ald Bank, American Express National Bank, Barclays, Bask Bank, Bread Saving, Capital One, CFG Bank, CIT, Fulbright, Marcus from Goldman Sachs, MySBs, Mysbs, Mysbs, Mysbs, MySBS, Mysbs, Mysbs, Mysbs, Mysbs, Mysbs, Mysbs, Mysbs, Mysbs, Direct, Quontic, Rising Bank, Synchronics, Ererbank, Popular Bank, Indiana's First Internet Bank, America First Federal Credit Union, Federal Community Credit Union, Discover, Bethpage, BMO Alto, Limelight Bank, First National Bank of America to context.
*Apys as of February 20, 2025, based on the banks we follow at CNET. Earnings are based on Apys and we assume that interest is upgraded annually.
** Weekly percentage increase/decrease from 11 February 2025 to February 18, 2025.