- You can earn Apy up to 4.65% with today's top CD.
- Your apy is fixed when you open a CD.
- The Fed is expected to reduce the rates later this year, so locking in high APY can now protect your earnings.
The deposit certificate can be a smart investment at any time, but especially when the economic future is unclear. By agreeing to keep the money in the CD for the whole term, you can lock your annual percentage yield for that term – which means that your yields will remain the same even if the total interest rates go down. And a recent break for a federal reserve break means Apys should remain high For a little longer, helping you increase your earnings.
Today Best CD -a Offer up to 4.65% APY, but those rates will not stick forever. Experts expect that the Fed will start dropping rates later this year, so now is the time to achieve high Apy while you can still.
Here are some of the highest CD rates and how much you can earn with deposit 5,000 USD.
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.
What's next for CD rates?
Apys on CD -a and Saving accounts They fall after the Fed cut interest rates three times at the end of 2024. But with the inflation that returned up, the Fed chose to Hold the rates stable At his January meeting, experts believe he will keep the footsteps paused for some time. As a result, banks protect their bets by maintaining CD rates relatively flat, especially given the uncertainty about the policies of the new administration.
“Fed's goal is to reduce inflation further, and if the tariffs are in operation, they could have an inflation effect,” said Chad Olivier, an authorized financial planner and CEO of Group Olivier. “Because of this uncertainty, I believe that the Fed will take more access to waiting and watching before making moves.”
By providing a high APY now, you can increase your earnings potential. Your Apy is locked when you open a CD, which means that your return rate will remain the same even when the Fed starts reducing the benchmark.
💰You can earn up to 5% APY on the best high -yield saving accounts. Check Today's prices.
Average CD rates from week to week
| Term | Last week's average apy of cnet | This week's average apy of cnet | Weekly change ** |
|---|---|---|---|
| 6 months | 4.10% | 4.10% | There is no change |
| 1 year | 4.06% | 4.07% | +0.25% |
| 3 years | 3.54% | 3.55% | +0.29% |
| 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 factors:
- 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 CNET CD 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, MySB Direct. , Quontic, Rising Bank, Synchrony, Ererbank, Popular Bank, Indiana's First Internet Bank, America First Federal Credit Union, Federal Credit Union in the Community, Discover, Betgage, BMO Alto, Banking Bank, First National Bank of America and Credit Board .
*Apys as of February 3, 2025, based on the banks we follow at CNET. Earnings are based on Apys and we assume that interest is upgraded annually.
** Weekly increase in percentage/decrease from January 27, 2025 to February 3, 2025.