- Today’s top CDs get 4.65% APY.
- When the CD is turned on, your APY is locked, so your income will remain the same for the entire duration.
- When the economy is uncertain, CDs can be a safe haven for your cash.
In an economic environment, it can be difficult to deal with money in today’s economic environment. inflation, tariff Stock market volatility has risen significantly in the air, which can cause anxiety. If you are looking for a safe cash place, then a certificate of deposit worth considering.
“CD is FDIC-insured, so if it’s a priority to ensure that your funds are safe and your risk is low, it makes sense,” said Bobbi Rebell, certified Financial Planner® and personal finance expert Bobbi Rebell badcredit.org. “You also know exactly how much you want to get, so you can plan future goals like saving for household advances while getting better returns than traditional savings accounts.”
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Your annual rate of return can reach up to 4.65% The best CD. And, since your APY is fixed when you open your account, your earnings will remain the same no matter what happens to the economy.
Here are some of the highest CD prices available now and how much CDs can be earned by storing different amounts.
The best CD prices today
| semester | The highest APY* | bank | Estimated earnings from a deposit of $1,000 | Estimated earnings from a $5,000 deposit | Estimated earnings from a $10,000 deposit |
|---|---|---|---|---|---|
| 6 months | 4.65% | Community-wide federal credit union | $22.99 | $114.93 | $229.85 |
| 1 year | 4.45% | Community-wide federal credit union | $44.50 | $222.50 | $445.00 |
| 3 years | 4.15% | The first credit union in the United States | $129.74 | $648.69 | $12,97.38 |
| 5 years | 4.20% | The first credit union in the United States | $228.40 | $1,141.98 | $2,283.97 |
Experts recommend comparing rates to get the best APY before opening a CD account. Enter your information below to get the best interest rates for CNET partners.
What will you get by opening the CD now
CDs offer many benefits, including:
- Low risk: CD by FDIC Insurance Each storer, agency, and account category of a bank or NCUA-insured credit union can protect up to $250,000. This means that if your bank fails, your money is safe. Other investments (such as stocks) may produce higher returns in the long run, but they also volatility, which means you may lose money at any time.
- Guaranteed return: Unlike savings accounts, when you open the CD, your APY is locked, in which case the interest rate may vary at any time. The fixed interest rate on CDs makes it easy to calculate how much interest you will earn over time and protect your funds from falling interest rates once you open your account.
- Competition rate: Traditional savings accounts offer minimal APYSsometimes as low as 0.01%. Today’s highest CD has APY of 4.50% or more, which may make Your interest income difference And help your money keep inflation pace.
- Access barriers: You can withdraw funds from your savings account at any time for free (as long as you mind any monthly withdrawal restrictions). However, many CDs are charged Get fines early If you take the money out before that semester. This can help you resist the urge to immerse your money before you need it.
Also worth a look: High-yield savings account
CDs have many benefits, but they are not always the best choice. “It really depends on your goals,” said certified financial planner and CEO Taylor Kovar, said 11 Finance.
To determine if CD is the right choice for your money, ask yourself the following questions:
- When do you need your funds? CDs are perfect for setting schedule savings goals and have a range of ranges in just three months to several years. If you know you want to buy a house on the road, e.g. Five Years CD It can be a great way to increase your down payment. If you need to use your money immediately Emergency Fundbut, High yield savings account It’s a better health.
- How much do you have to deposit? Some CDs require a minimum deposit to open an account, usually between $500 and $1,000. If you can’t find an attractive APY account you want to deposit the amount, try checking out a low yield savings account that has low or no minimum deposit.
- Do you want to increase your money over time? Most CDs (although not all) only allow one-time deposits. If you want to regularly add money to your savings over time, consider a high yield savings account.
- Do you need some discipline? If you are worried that you will be tempted to take advantage of your savings before you need it, the CD will withdraw the penalty ahead of time, which can help you stop.
You can earn up to 5% APY in today’s best high yield savings accounts. Check Maximum savings rate Now.
Methodology
CNET reviews CD rates based on the latest APY information from the issuer’s website. We evaluate CD rates for over 50 banks, credit unions and financial companies. We evaluate CDs based on APY, product products, accessibility and customer service.
The current banks included in CNET’s weekly CD averages include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bread Savings, Capital One, CFG Bank, CIT, Fulbright, Marcus by Goldman Sachs, MYSB Direct, Quontic, Rising Bank, Synchrony, EverBank, Popular Bank, First Internet Bank of Indiana, America First Federal Credit Union, CommunityWide Federal Credit Union, Discover, Bethpage, BMO Alto, Limelight Bank, First National Bank and Connexus Credit Union.
*As of March 20, 2025, according to banks we tracked on CNET. The gain is based on APY and assumes interest is more complex every year.
