Don’t Wait to Lock In an APY Up to 4.65%. Today’s CD Rates, Feb. 5, 2025
- Today’s top CDs offer up to 4.65% APY.
- The Fed suspended rates in January but expects to lower tax rates later this year.
- Opening the CD now can help maximize your income.
The days of high prices may be over, but you can still get a huge return with today’s returns Best Certificate of DepositEssence Top CDs offer annual percentage or APY percentages, up to 4.65% – more than twice National average Some terms.
The Fed’s recent pace pause means these APYs will Persist for longerbut that doesn’t mean you should wait to open the CD. Experts expect the Fed to start lowering interest rates later this year, so by locking your APY, you can protect your gains from falling interest rates.
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.
Why is it time to open CD
On CD and Savings Account People have been declining since the Fed lowered three times at the end of 2024. But as inflation moves backwards, the Fed chooses Keep rates stable At the January meeting, experts believed it would remain suspended for a while. As a result, banks also hedge their bets by keeping the CD rate relatively flat, especially given the uncertainty of the new government policy.
“The Fed’s goal is to further reduce inflation, and if tariffs work, they may have an inflationary effect,” said Chad Olivier, a certified financial planner and CEO. Olivier GroupEssence “Because of this uncertainty, I believe the Fed will take more waiting methods before taking any action.”
By ensuring advanced APY right away, you can maximize your revenue potential. When you turn on the CD, your APY is locked, which means your yield will remain the same even if the Fed starts to lower the benchmark again.
BleakYou can earn up to 5% APY on the best high yield savings account. Check Prices todayEssence
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% | Not changed |
| 1 year | 4.06% | 4.07 % | +0.25 % |
| 3 years | 3.54% | 3.55% | +0.29 % |
| 5 years | 3.55% | 3.56 % | +0.28 % |
Check these factors when comparing 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 failsEssence
- 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 4, 2025, according to the bank we tracked in CNET. The gain is based on APY and assumes that interest is more complex every year.
** From January 27, 2025 to February 3, 2025, it increases/decrease every week.
