- Today’s top CDs offer up to 4.65% APY.
- When you open an account, your CD rate is fixed.
- APY won’t always stay high, so the sooner you turn on the CD, the greater your income potential will be.
A certificate of deposit can be a great place to keep cash free of touch for a while.
CDs are low-risk, protected by federal deposit insurance, and unlike savings accounts, they offer fixed interest rates. This means your returns will remain the same, no matter what happens to the economy.
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Today’s The best CD Owning an annual percentage of up to 4.65%. However, the longer you wait for the CD to be turned on, the lower the APY you may be locking.
“I hope that in the next few weeks, the trend will remain flat or the trend will remain low,” said Noah Damsky, head of Marina Wealth Advisors. “If you wait for a higher CD rate before investing, you probably won’t get it. If I buy CDs in the market now, I invest now because the price may be lower.”
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 | 4.25% | The first credit union in the United States | $231.35 | $1,156.73 | $2,313.47 |
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.
Benefits of Turning on CD Now
CDs offer many benefits, including:
- Competition rate: Traditional savings accounts offer minimal APYSsometimes as low as 0.01%. TOPS CD currently has APY of 4.50% or more. Can make one Your interest income difference.
- 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 the account is opened.
- Low risk: CD by FDIC Insurance Each store, 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 over the long term, 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.
CD & Savings Account: Which one is right for you?
CDs have many benefits, but they are not always the best choice. “It really depends on your goals,” said Taylor Kovar, certified financial planner and CEO of 11 Financial.
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 FundHowever, savings accounts are more suitable.
- 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.
Current banks included on average by CNET weekly CD include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bread Savings, Capital One, CFG Bank, Cit, Fulbright, Marcus, Mysb Direct, Mysb Direct, Mysb Direct, Limelight Bank, First National Bank and Connexus Credit Union.
*As of March 4, 2025, according to banks we tracked on CNET. The gain is based on APY and assumes that interest is more complex every year.
