The Sooner You Lock in Your APY, the More You Could Earn. Today’s CD Rates, Feb. 12, 2025
- Today’s top CDs get 4.65% APY.
- Experts expect the Fed to lower interest rates later this year.
- Now, locking your APY can help you maximize your income and keep your earnings free from future interest rate drops.
Want to get a guaranteed return on savings? A deposit certificate may be a good way to do this. CDs offer a fixed fee in exchange for the entire duration of keeping your funds in your account. The rate exceeds twice National average Now, today The best CD Can help you increase your funds faster.
Currently, you can earn up to 4.65% annual percentage yield or APY at the top banks tracked by CNET. 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 will you benefit from opening CD today
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 a fixed period of time, so if the Fed decides to lower rates in the coming months, locking in higher rates now can help you protect your income, which experts expect.
However, you should choose a term that suits you carefully when you need to get funds. If you have to cash out the CD before it matures, the fee may be withdrawn early.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 get up to 5% APY on the best high yield savings account. Check The highest savings rate today.
Average CD rate per week
| semester | Last week’s CNET Average APY | CNET Average APY for this week | Weekly changes** |
|---|---|---|---|
| 6 months | 4.10% | 4.09% | -0.24% |
| 1 year | 4.07% | 4.08% | +0.25% |
| 3 years | 3.55% | 3.56% | +0.28% |
| 5 years | 3.56% | 3.56% | No change |
Weigh 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 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, Fulbright, 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 Federal 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 11, 2025, APYS. 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.
