Snag a CD Rate as High as 4.65% APY While You Can. Today’s CD Rates, Feb. 11, 2025
- Today’s best CDs offer up to 4.65% APY.
- Interest rates have fallen since the Fed lowered interest rates last year.
- By locking in a height of APY, you can protect your income from further interest rate drops.
The proof of deposit provides the benefits of guaranteed interest rates, The best CD Currently available up to 4.65% APY. However, these higher rates may not last, so now may be a good time to take action.
Fed Paused interest rates At the January meeting, but banks can still lower CD rates – some already have this year. In addition, some experts predict that the Fed may lower interest rates again by the end of this year.
Turning on the CD today means you can lock in higher rates for the CD term, no matter what happens. 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 does the Fed affect the 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 rates for set times, so if the Fed decides to lower rates in the coming months, locking in higher rates can help 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% |
Key features when selecting CDs
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.
*As of February 10, 2025, according to banks we tracked on CNET. The gain is based on APY and assumes that interest is more complex every year.
**From February 3, 2025 to February 10, 2025, increase/decrease every week.
