- You can earn up to 4.65% of APY with the best CDs today.
- Banks have lowered some CD rates this week.
- The sooner you turn on the CD, the better the APY you can lock.
Since the Federal Reserve Paused interest rates In January. But some banks have been adjusting their CD rates, which recently meant lowering the annual percentage yield.
This week, the five-year CD rate of First Credit Union in the United States fell from 4.25% APY to 4.20% APY. BMO Alto reduces its ratio from 3.50% to 3.90% to 3.00% to 3.15% on six-month, one-year, three-year and five-year CDs. This reminds you that CD rates can change at any time, so locking your APY can now help protect your income.
Tax transactions this week
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“I hope that in the next few weeks, following the broader interest rate path, the trend will remain flat or the trend is low.” Pier Wealth Consultant. “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.”
Today’s The best CD Provides up to 4.65% APY – more than three times more National average Some terms. 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.
The main reasons why you open the CD today
CDs offer many benefits, including:
- Competition rate: Traditional savings accounts offer minimal APYSsometimes as low as 0.01%. The highest CD currently has APY of 4.50% or more. Can make one Your interest income difference.
- Guaranteed return: When you open the CD, your APY is locked and the interest rate may vary at any time, unlike your savings account. 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 in the long run, but they also have volatility, which means you may lose your 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.
Can a savings account be better 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.
The current banks in CNET’s weekly CD averages are Alliant Credit Union, Ally Bank, America First Federal Credit Union, American Express National Bank, Barclays, Bask Bank, Bethpage, BMO Alto, Bread Savings, Capital One, CFG Bank, CIT, CommunityWide Federal Credit Union, Connexus Credit Union, Discover, EverBank, First Internet Bank of Indiana, First National Bank of America, Fulbright, Limelight Bank, Marcus by Goldman Sachs, MYSB Direct, Popular Bank, Quontic, Rising Bank and Synchrony.
*As of March 5, 2025, according to banks we tracked on CNET. The gain is based on APY and assumes that interest is more complex every year.
