- You can earn up to 4.65% APY with the best CD today.
- APY have not been moved too much in the last days, but they will not stay high forever.
- By opening a CD now, you can protect your income from the expected reduction of the nourished rate.
Sometimes, no news is good news. While banks wait to see how long the federal reserve is pauses with interest rates, the certificate of deposit rates has not taken much time over the past week. This is good news for savers who have not yet benefited from prolonged annual yields.
The best CDs of today offer up to 4.65% -more than double the national average for some terms. And since your apy is closed when you open a CD, you will continue to enjoy the same high profits even if the Fed cuts interest rates, which experts wait later this year.
Ready to maximize your returns? 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 CD rates remain raised – for now
A CD can be a great place to raise your money at any time, but in times of inflation like today, they can be especially profitable. While the federal reserve increases interest rates to combat inflation, banks tend to follow the lawsuit, increasing APY for consumer products such as CDS and savings accounts.
If you open a CD while the rates remain elevated, you can continue to enjoy the same high returns even when the rates start to fall because your apy is closed when opening a CD.
But don’t wait too long to take advantage of today’s api. While the Fed chose to pause the norms at its January meeting, experts expect it to lower the rates later this year, which means the clock is scoring.
“Short -term interest rates tend to fluctuate in predicting market changes, so even if the Fed does not lower rates immediately, we can still see that the Olivier Group rates.” This said, with the Fed taking a more careful approach, Reception and viewing, CD rates and other secure money options are likely to remain at these high levels for now. “
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 | 4.08% | 4.08% | Invariably |
| 1 year | 4.07% | 4.07% | Invariably |
| 3 years | 3.56% | 3.56% | Invariably |
| 5 years | 3.55% | 3.56% | 0.0028 |
Consider these things when choosing 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, Indiana’s first Internet Bank, First Federal Loan Union, Federal Credit Union worldwide, Discover, Bethpage, BMO Alto, Limelight Bank, the First National Bank of America and the Connexus Credit Union.
*APYS since February 19, 2025, based on the banks we attend at CNET. Profits are based on APYS and assume that interest is complicated every year.
** Increase/decrease in the weekly percentage from 11 February 2025, on 18 February 2025.