These CDs Can Help You Grow Your Money Faster. Today’s CD Rates, March 3, 2025
- The best CDs today get up to 4.65% APY.
- When you turn on the CD, your APY is locked, so your income will never drop.
- Top CDs also offer lower risk, federal deposit insurance and extensive terms.
If you are looking for a safe place to store cash, don’t ignore the deposit certificate. Unlike savings accounts that can be changed at any time, CDs provide a fixed interest rate set when opening an account. Now, interest rates remain stable, and this is a good time to turn on the CD.
“I hope that in the next few weeks, the trend will remain flat or the trend will remain low,” said Noah Damsky, head of Marina Wealth Advisors. “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.”
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You can earn up to 4.65% of the annual percentage (APY) in today’s year (APY) The best CD. 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 | 4.25% | The first credit union in the United States | $231.35 | $1,156.73 | $2,313.47 |
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.
What will you get when you open the CD today
CDs offer many benefits, including:
- Competition rate: Traditional savings accounts offer minimal APYSsometimes as low as 0.01%. TOPS CD currently has APY of 4.50% or more. Can make one Your interest income difference.
- Guaranteed return: Unlike savings accounts, when you open the CD, your APY is locked, in which case the interest rate may vary at any time. 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 you open your account.
- Low risk: CD by FDIC Insurance Each storer, 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 over the long term, but they also volatility, which means you may lose 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.
Should you choose a CD or savings account?
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 included in CNET’s weekly CD averages include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bread Savings, Capital One, CFG Bank, CIT, Fulbright, Marcus by Goldman Sachs, MYSB Direct, Quontic, Rising Bank, Synchrony, EverBank, Popular Bank, First Internet Bank of Indiana, America First Federal Credit Union, CommunityWide Federal Credit Union, Discover, Bethpage, BMO Alto, Limelight Bank, First National Bank and Connexus Credit Union.
*As of March 3, 2025, according to banks we tracked on CNET. The gain is based on APY and assumes interest is more complex every year.
