- Today’s best CDs earn up to 4.50% APY.
- Your APY is locked in when you open a CD, so your earnings will never go down.
- A CD can be a great way to add stability to your financial portfolio.
In uncertain economic times, a certificate of deposit can offer some much-needed peace of mind. Your rate is fixed when you open a CD, so your returns stay the same regardless of stock market fluctuations, tariffs and other factors beyond your control. That said, timing plays a big role in how high your rate will be.
Today’s best CDs earn up to 4.50% annual percentage yield (APY), but these rates won’t last forever. Over the last few weeks, we’ve seen some banks quietly dropping their APYs across CD terms. So, if you want to maximize your earning potential, now’s the time to open a CD.
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Here’s where you can find the top CD rates available now.
Best CD rates today
| Term | Highest APY* | Bank | Estimated earnings on $1,000 deposit | Estimated earnings on $5,000 deposit | Estimated earnings on $10,000 deposit |
|---|---|---|---|---|---|
| 6 months | 4.50% | CommunityWide Federal Credit Union | $22.25 | $111.26 | $222.52 |
| 1 year | 4.40% | Bask Bank; CommunityWide Federal Credit Union | $44.00 | $220.00 | $440.00 |
| 3 years | 4.15% | America First Credit Union | $129.74 | $648.69 | $1,297.38 |
| 5 years | 4.20% | America First Credit Union | $228.40 | $1,141.98 | $2,283.97 |
Experts recommend comparing rates before opening a CD account to get the best APY possible. Enter your information below to get CNET’s partners’ best rate for your area.
Top perks of opening a CD now
CDs offer a number of benefits, including:
- Guaranteed returns: Your APY is locked in when you open a CD, unlike with savings accounts, where interest rates can vary at any time. A CD’s fixed rate makes it easy to calculate how much interest you’ll earn over time and protects your funds from rate drops after you open your account.
- Competitive rates: Traditional savings accounts offer minimal APYs, sometimes as low as 0.01%. Today’s top-yielding CDs have APYs of 4.50% or more, which can make a difference in your interest earnings and help your money keep pace with inflation.
- Low risk: CDs held by an FDIC-insured bank or NCUA-insured credit union are protected for up to $250,000 per depositor, institution and account category. That means that if your bank fails, your money is safe. Other investments, like stocks, may potentially yield higher returns over the long term, but they’re also volatile, which means you could lose money at any time.
- Barrier to access: You can withdraw money in a savings account at any time, free of charge (as long as you mind any monthly withdrawal limits). Many CDs, however, charge an early withdrawal penalty if you take your money out before the term is up. This can help you resist the urge to dip into your funds before you need them.
Another smart option: high-yield savings accounts
CDs have plenty of perks, but they’re not always the best option. “It really depends on your goals,” said Taylor Kovar, certified financial planner and CEO of 11 Financial.
To determine if a CD is the right choice for your money, ask yourself the following questions:
- When will you need your funds? “Before diving into a CD, consumers should think about their liquidity needs,” said Krisstin Petersmarck, financial advisor at New Horizon Retirement Solutions. “CDs lock your money in for a set period, and if you need to access those funds early, there could be penalties. So, it’s important to make sure that the money you invest in a CD is something you won’t need right away.”
- How much do you have to deposit? Some CDs require a minimum deposit to open an account, typically $500 to $1,000. If you can’t find an account with an attractive APY for the amount you want to deposit, try looking into a high-yield savings account with a low or no minimum deposit.
- Do you want to add money over time? Most CDs (though not all) only allow a one-time deposit. If you’d like to regularly add money to your savings over time, consider a high-yield savings account.
- Do you need some discipline? If you’re worried you’ll be tempted to tap into your savings before you need it, a CD imposes an early withdrawal penalty, which can help give you pause.
💰You can earn up to 5% APY on today’s best high-yield savings accounts. Check out top savings rates now.
Methodology
CNET reviews CD rates based on the latest APY information from issuer websites. We evaluated CD rates from more than 50 banks, credit unions and financial companies. We evaluate CDs based on APYs, product offerings, accessibility and customer service.
The current banks included in CNET’s weekly CD averages include Alliant Credit Union, Ally Bank, America First Federal Credit Union, American Express National Bank, Barclays, Bask Bank, BMO Alto, Bread Savings, Capital One, CFG Bank, CIT, CommunityWide Federal Credit Union, Discover, EverBank, First Internet Bank of Indiana, First National Bank of America, Forbright, LendingClub, Limelight Bank, Marcus by Goldman Sachs, MYSB Direct, NexBank, Quontic, Rising Bank and Synchrony.
*APYs as of April 8, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually.
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