- Today’s top CDs offer up to 4.50% APY.
- The CD rate is fixed, so your reward remains the same throughout the semester.
- CDs can provide security and predictability in an uncertain economy.
Tariffs, inflation, potential recession…Economics – as a result, your money – are affected by many factors that you can’t control too much. But you have one thing able Control: Where you put your cash. And if you are looking for some security in a turbulent economy, a certificate of deposit may be a good solution.
CDs are low-risk deposit accounts that guarantee a fixed interest rate throughout the semester. This means that you will get the same interest no matter what happens in the economy. With today’s The best CD Offering an annual percentage (APY) of up to 4.50% can help you steadily increase your savings for a while.
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You can find the highest CD prices available right now here.
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 | 4.50% | Community-wide federal credit union | $22.25 | $111.26 | $222.52 |
| 1 year | 4.40% | Bask Bank; Community-wide federal credit unions | $44.00 | $220.00 | $440.00 |
| 3 years | 4.15% | The first credit union in the United States | $129.74 | $648.69 | $1,297.38 |
| 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 when you open a CD
CDs offer many benefits, including:
- 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.
- 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.
- 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.
Should you choose a 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? “Before CD, consumers should consider their liquidity needs,” Krisstin Petersmarck said New Horizon Retirement Solutions. “CD locks your money in a set period and can be fined if you need to get those funds early. So it’s important to make sure the money you invest in CD is something you don’t need to need right away.”
- How much do you have to deposit? Some CDs require a minimum deposit to open an account, usually from $500 to $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 April 3, 2025, according to banks we tracked on CNET. The gain is based on APY and assumes interest is more complex every year.
