Take advantage of height apys when you can still. Today's CD rate, February 17, 2025
- The best CDs today have up to 4.65% APY, which is more than twice the national average.
- The Fed temporarily stopped rates but is expected to cut later this year.
- Now, locking high APY can protect your income from the upcoming tax reductions.
All CDs are not created equally. For example, the national average of six-month CDs is 1.64%, but we provide an annual percentage of 4.65% in the first six-month CDs tracked by CNET. This can have a big impact on how fast your funds grow.
Today's best CDs are competitive, minimum deposit requirements and security of federal deposit insurance. Read on to see some of the highest CD prices 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 CDs now
CDs may be a great place to keep cash at any time, but they can be particularly profitable in inflation times like today. As the Fed raises interest rates to fight inflation, banks tend to follow suit and make recommendations for consumer products such as CDs and savings accounts.
If you turn on the CD when the price is rising, you can continue to enjoy the same high returns even if your APY is locked when the CD is turned on.
But don't wait too long to take advantage of today's APY. The Fed chose to suspend rates at its January meeting, but experts expect it to lower rates later this year, meaning the clock is ticking.
“Short-term interest rates tend to fluctuate with expectations of market change, so even if the Fed does not lower interest rates immediately, we can still see CDs,” said Chad Olivier, a certified financial planner and CEO. Interest rates began to drop slightly. ” Olivier Group. “That is, as the Fed adopts a more cautious, dietary attitude, CD rates and other safe currency options may remain at these high levels.”
You can get up to 5% APY on the best high yield savings account. Check Maximum savings rate Now.
How has CD rates changed over the past 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% | $0.00 |
| 3 years | 3.55% | 3.56% | $0.00 |
| 5 years | 3.56% | 3.56% | No change |
Things to consider 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: If you need your money before the end of the semester, withdrawing the CD early on may eat your interest income, so choose a meaningful schedule. Also, you can choose a protein-free CD, although APY may not be as high as a traditional CD using 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 banks do not charge fees because their indirect costs are lower than banks with physical branches. Read the fine print of any account you want to evaluate.
- Safety and security: Make sure the bank or credit union you are considering is a member of the FDIC or NCUA so that if the bank fails, your money will be protected.
- 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 the banks we track on CNET, as of February 14, 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.
