Don’t Sleep on CD Rates as High as 4.65% APY. Today’s CD Rates, Feb. 10, 2025
- You can earn up to 4.65% of APY with today’s top CDs.
- Although the exchange rate has fallen from its all-time high, CDs still provide reliable returns.
- Lock your APY now to protect your savings from future interest rate drops.
Certificates of deposit provide reliable income stability, but you should always shop at the best price. this The best CD We track the annual percentage yield (or APY) provided up to 4.65%.
After lowering interest rates three times last year, The Federal Reserve only leaves federal funding rates In January. The CD rate has remained stable since then, but this may not last. By opening the CD today, you can lock in good speeds no matter where the price ends up later this year.
Here are some of the highest CD rates and how much CD you can earn by depositing $5,000.
The best CD prices today
| semester | The highest APY* | bank | Estimated earnings |
|---|---|---|---|
| 6 months | 4.65% | Community-wide federal credit union | $114.93 |
| 1 year | 4.45% | Community-wide federal credit union | $222.50 |
| 3 years | 4.15% | The first credit union in the United States | $648.69 |
| 5 years | 4.25% | The first credit union in the United States | $1,156.73 |
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.
How the Fed affects CD rate
The Federal Open Market Committee meets eight times a year to set federal funding rates based on the health of the U.S. economy. The Fed may raise interest rates in an attempt to slow down or lower inflation to stimulate spending. After lowering interest rates in 2024, The Fed paused at its January meeting Among the signs Inflation is taking a step back again.
Although the Fed does not set the CD rate directly, banks usually set the APY based on the federal funding rate. CDs offer fixed interest rates over set times, so if the Fed decides to lower interest rates in the coming months, locking in higher interest rates can help you protect your income.
But locking the rate makes sense only when you know you don’t need to get the money. Otherwise, if you have to cash out before the CD is mature, you may withdraw the fee early.
“The highest compared to the highest APY is, although you need to make sure to choose a maturity date that is consistent with your situation,” said CFP, founder and financial planner in Spencer Financial Planning.
💰You can earn up to 5% of APY The best high yield savings account. Check out today’s prices.
Average CD rate per week
| semester | Last week’s CNET Average APY | CNET Average APY for this week | Weekly changes** |
|---|---|---|---|
| 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% |
Features to consider when selecting a CD
Competitive APY is important, but that’s not the only thing you should consider. To find the right CD, weigh these:
- When you need money: Early withdrawal penalties If you need your money before the end of the semester, you can eat on the CD, so choose a meaningful schedule. Or, you can choose one Protein-free CDalthough APY may not be as high as the traditional CD you use the same term.
- Minimum deposit requirements: Some CDs require a minimum deposit to open an account, usually from $500 to $1,000. Knowing how much you have to spend can help you narrow down your choices.
- cost: Maintenance and other expenses can reduce your savings. many Online Banking Don’t charge fees because they cost less than banks that have physical branches. Read the fine print of any account you want to evaluate.
- Safety and security: Ensure bank or Credit Union You are considering FDIC or NCUA members, so your funds are protected If the bank fails.
- Customer Ratings and Reviews: Visit a website like TrustPilot to see what customers say about their bank. You want a responsive, professional and easy to use bank.
- 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 in CNET weekly CD averages include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bask Bank, Bread Savings, Capital One, CFG Bank, CIT, Fu lbright, Fulbright, Marcus, Goldman Sachs, Mysb Direct, Quontic, Quontic, Quontic, Quontic, Quontic, Quontic, Quontic, Quontic, Quontic, for Rising Bank, Synchrony, Everbank, Popular Bank, Indiana No. 1 Bank, United States No. 1 Federal Credit Union, Community-wide Inline Bang Credit Cooperatives, Discover, Bethpage, Bethpage, BETHPAGE, BMO ALTO, LIMELIGHT BANK, First National Bank and Connexus Credit Union.
*According to banks we track on CNET, as of February 7, 2025, APYS. The gain is based on APY and assumes that interest is more complex every year.
**From January 27, 2025 to February 3, 2025, the weekly increase/decrease.
