- You can earn 4.65% APY with today’s top CD.
- When you open the CD, your AP is fixed.
- Fed is expected to cut rates at the end of this year, so locking in a high aPY can now protect your earnings.
The certificate of deposit can be a smart investment at any time but especially when the economic future is not clear. By agreeing to keep your money in a CD for the entire tenure, you can lock your annual percentage yield for that term – meaning that your return will remain equally, even if there is a decline in overall interest rates. And the recent rate of Federal Reserve means stagnation APYS should stay high For a while, help you maximize your earnings.
Today’s Best CD Offer up to 4.65%, but those rates will not remain forever. Experts hope that Fed will start cutting rates later this year, so now you can still do a high APY score while you can still do.
Here are some of the highest CD rates and how much you can earn by depositing $ 5,000.
Today’s best CD rates
| Duration | The highest AP* | Edge | Estimated earnings |
|---|---|---|---|
| 6 months | 4.65% | Community federal loan union | $ 114.93 |
| 1 year | 4.45% | Community federal loan union | $ 222.50 |
| 3 years | 4.15% | America First Credit Union | $ 648.69 |
| 5 years | 4.25% | America First Credit Union | $ 1,156.73 |
Experts recommend comparing rates before opening CD account to get the best aPY possible. Enter your information below to get the best rate of CNET partners for your area.
What’s next for CD rates?
APYS on CD and Savings account Fed up in the end of 2024 has been falling since three times cuts. But with returning with inflation, Fed chose Keep rates stable In its January meeting, and experts believe it will stop rates for some time. As a result, banks are hedging their stakes by keeping CD rates relatively flat, especially in view of uncertainty around the policies of new administration.
“Fed aims to bring inflation down further, and if the tariffs come to play, Olivier group“Due to this uncertainty, I believe that the fed will take more to a waiting-and-looking approach before doing any trick.”
Now by acquiring a high aPY, you can maximize your earning ability. When you open a CD, your APY is locked, which means that your return rate will remain even when the fed starts cutting the benchmark rate again.
You can earn up to 5% on the best high-up-up savings accounts. Check out Today’s rates,
Average CD rates from week to week
| Duration | Last week’s CNET average APY | This week’s CNET average APY | Weekly change ** |
|---|---|---|---|
| 6 months | 4.10% | 4.10% | 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
A competitive APY is important, but this is not the only thing you should consider. To find the right CD for you, the weight of these factors also:
- When you need your money: Early refund punishment You can eat your interest in earning on CDs. If you need your money before the word is over, choose a timeline that makes sense. Alternatively, you can choose one No Penalty CDHowever, the APY cannot be as much as you will meet with the traditional CD of the same word.
- Minimum deposit requirement: Some CDs require minimal deposits to open an account, usually $ 500 to $ 1,000. Knowing how much money you have to set, you can help you narrow your options.
- charge: Maintenance and other fees can cut your savings. many Online bank Do not charge the fee as they have a lower overhead cost than banks with material branches. Read the fine print for any account you are being assessed.
- safety and security: Make sure the bank or Debt union You are considering that there is a FDIC or NCUA member so your money is preserved If the bank fails,
- Customer rating and review: Go to sites like Trustpilot, to see what customers are saying about the bank. You want a bank that is responsible, professional and easy to work with.
Procedure
CNET reviews CD rates based on the latest APY information from the issuing websites. We evaluated CD rates from more than 50 banks, credit unions and financial companies. We evaluate CDs based on APYS, Product Prasad, Access and Customer Service.
Current banks included in CNET’s weekly CD average included Alliant Credit Union, Associate Bank, American Express National Bank, Barclay, BASK Bank, Brad Savings, Capital One, CFG Bank, CIT, Fulbright, Goldman Sachs, MySB Direct, Marcus by Quontic Are. Rising Bank, Sinkoni, Everbank, Popular Bank, First Internet Bank of India, US First Federal Credit Union, Communitywide Federal Credit Union, Discover, Bethpage, BMO Alto, Limelight Bank, First National Bank of America and Contens Credit Union.
*February 3, as 2025, we based on banks tracked on CNET. Earnings are based on APIS and assume that interest is complicated every year.
** Weekly percentage growth/Decreased from 27 January, 2025 to 3 February, 2025.
