CDs offer guaranteed returns in uncertain markets. Today’s CD Rate, March 13, 2025
- Today’s best CDs offer up to 4.65% APY.
- CDs can compensate for risky investments such as stocks by providing security and ensuring revenue.
- CDs are suitable for savings targets with specific timelines or for near-retirement investors who want to protect their savings.
Looking for a safe place to keep your money? Recent stock market volatility highlights the importance of choosing the right investment. Stocks offer great return potential, but also risk big losses. This is one of the reasons why diversifying your portfolio is essential.
Whether you are approaching retirement or saving for a specific goal, a certificate of deposit can provide a safe haven in uncertain markets. CDS is a low-risk account that promises guaranteed revenue and brings you a sense of security with federal deposit insurance.
Tax Software Transactions This Week
The transaction has been selected by the CNET Group Commerce team and may not be related to this article.
You can earn an annual yield of up to 4.65% today Best CD. Also, as rates are locked out when you open an account, revenue remains the same regardless of what happens in the economy.
Below are some of the best CD rates available today, as well as the amounts you can earn by depositing different amounts.
Best CD Rates Today
| semester | The best apy* | bank | Estimated revenue from a $1,000 deposit | Estimated revenue on a $5,000 deposit | Estimated revenue from a $10,000 deposit |
|---|---|---|---|---|---|
| 6 months | 4.65% | Federal Credit Unions across the Community | $22.99 | $114.93 | $229.85 |
| 1 year | 4.45% | Federal Credit Unions across the Community | $44.50 | $222.50 | $445.00 |
| 3 years | 4.15% | America First Credit Union | $129.74 | $648.69 | $12,97.38 |
| 5 years | 4.20% | America First Credit Union | $228.40 | $1,141.98 | $2,283.97 |
Experts recommend comparing prices before opening a CD account to get the best APY possible. Enter the following information to get the best CNET partner rates in your area.
Best perks for opening a CD
CDs offer many benefits, including:
- Low risk: The CD held by an FDIC Insurance Banks or NCUA Insurance Credit Unions are protected for up to $250,000 per depositor, institution, and account category. That means your money is safe if the bank fails. Other investments, like stocks, can lead to higher returns in the long term, but they are also volatile so you can lose money at any time.
- Guaranteed Returns: APY is locked when opening a CD, unlike a savings account where interest rates may vary at any time. The fixed rate on CDs makes it easy to calculate the amount of interest you earn over time, protecting your funds from drops in rates after opening an account.
- Competitive fees: Traditional savings accounts are minimal APYSometimes it’s as low as 0.01%. Today’s top yield CD has over 4.50% APY, which is Differences in your interest income.
- Access barriers: You can withdraw money from your savings account for free at any time (as long as you’re concerned about monthly withdrawal restrictions). However, many CDs charge Early withdrawal penalty If you take out the money before the semester is over. This will help you resist the urge to immerse yourself in your funds before you need them.
CDs and savings accounts: Which is the right one for you?
There are many perks on CDs, but they are not always the best option. “It really depends on your goals,” said Taylor Kovar, certified financial planner and CEO. 11Finance.
To determine whether a CD is the right choice for your money, ask yourself the following question:
- When do you need funds? CDs are best suited to saving goals with set timelines and are offered in terms of short ranges of 3 months to several years. For example, if you want to go down the road and buy a house, 5 years of CD It can be a great way to increase your down payment. If you need immediate access to your money Emergency FundBut a High-yield savings account It’s a better fit.
- How much do I need to deposit? Some CDs require a minimum deposit to open an account. Usually between $500 and $1,000. If you can’t find an attractive APY account with the amount you want to deposit, try looking for a high-yie savings account with a low or minimal deposit.
- Want to add more money over time? Most CDs (but not all) allow only one-time deposits. If you want to add money to your savings regularly over time, consider a high-yield savings account.
- Do you need some discipline? If you want to take advantage of your savings before you need it, you will be tempted to take advantage of your savings before you need it, so the CD will impose an early withdrawal penalty that could help you pause.
wwwody Get up to 5% APY with today’s highest earnings savings account. Check out Best savings rate now.
Methodology
CNET reviews CD rates based on the latest APY information from the publisher website. We evaluated CD rates for over 50 banks, credit unions and financial companies. We evaluate CDs based on APY, product offering, accessibility and customer service.
Current banks included in CNET’s weekly CD average include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Pread Savings, Capital One, CFG Bank, CIT, Fulbright, Marcus by Goldman Sachs, Mysb Direct, Quontic, Rising Bank, Synchrony, Everbank, Indian Firdent Bank, Indill Bank, American Bank, Indernat BMO ALTO, Limelight Bank, First National Bank of America and Connexus Credit Union.
*As of March 13, 2025, APY based on banks tracked by CNET. Assume revenue is based on APY and that interest will be worse every year.