Act now and earn up to 4.65% APY. Today’s CD Rate, February 13, 2025
- Earn up to 4.65% APY with today’s best CDs.
- The revenue remains the same regardless of the overall rate change as the APY is locked when opening the CD.
- Experts hope the Fed will cut fees later this year.
There are a lot of uncertainties these days, but is there one thing that’s certain? How much can you earn from a deposit certificate? Unlike savings accounts, where rates can change at any time, CDs have a fixed fixed rate when you open an account. And more than twice the price National Average For some terms, Best CD It helps maximize returns regardless of what happens in a large economy.
You can earn up to 4.65% annual rate (or APY) on today’s top CDs, but that’s not forever. Read on to see some of the best CD rates available today, as well as how much you can earn by depositing $5,000.
Best CD Rates Today
| semester | The best apy* | bank | Estimated revenue |
|---|---|---|---|
| 6 months | 4.65% | Federal Credit Unions across the Community | $114.93 |
| 1 year | 4.45% | Federal Credit Unions across the Community | $222.50 |
| 3 years | 4.15% | America First Credit Union | $648.69 |
| 5 years | 4.25% | America First Credit Union | $1,156.73 |
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.
What’s going on with CD rates?
The Federal Open Market Committee meets eight times a year to set federal fund rates based on the health of the US economy. The Fed may try to raise interest rates to slow inflation or stimulate spending. After cutting interest rates in 2024, The Fed suspended at its January meeting Among the signs Inflation was backed up Also.
The Fed does not set CD rates directly, but banks usually set APYs according to federal funding rates. CDs offer fixed interest rates for a certain period of time, so if the Fed decides to cut interest rates in the coming months, as experts have predicted, they will protect revenue by locking higher interest rates. It will help you.
However, you should be careful to choose the appropriate term when you need access to money. If you need to cash out before your CD matures, you could potentially collide with an early withdrawal fee.
“We are pleased to announce that we are a great place to go,” said Keith Spencer, Founder and Financial Planner of Spencer Financial Planning.
How to get up to 5% APY with the best high income savings account. Check out Best savings rate now.
How CD rates have changed over the past week
| semester | Last week’s CNET Average APY | This week’s average APY | 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% | There are no changes |
How to choose the best CD for you
A competitive APY is important, but that’s not something to be considered. To find the right CD for you, weigh these things:
- When you need money: Early retreat punishment On CDs, if you need money before terminology is finished, you can dig into interest income, so choose a reasonable timeline. Alternatively, you can select a No penalty CDAPY may not be as high as you would get with traditional CDs of the same term.
- Minimum Deposit Requirements: Some CDs require a minimum deposit to open an account. Usually between $500 and $1,000. Knowing how much money you have to put will help you narrow down your options.
- Fee: Maintenance and other fees may be reduced to savings. Many Online Bank Don’t charge them as they have lower overhead costs than banks with physical branches. Please read detailed printouts of the accounts you are rated.
- Safety and Security: Bank or Credit Union Your money is protected as you are an FDIC or NCUA member you are considering If the bank fails.
- Customer reviews and reviews: Visit sites like TrustPilot to see what customers are saying about the bank. You need a bank that is responsive, professional and easy to work with.
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, Prood Savings, Capital One, CFG Bank, CIT, Fulbright, Marcus, Mysb Direct, Quontic, Rising Bank, Synchrony, Everbank, Popular Banks, First Internet Bank of Indiana, First Federal Credit Union, Federal Credit Union across the Community, Discovery, Bethpage, BMO Alto, Literary Bank, First National Bank, Conexus Credit Union.
*As of February 12, 2025, it is based on banks tracked by CNET. Assume revenue is based on APY and that interest will be worse every year.
**Weekly percentage increase/From February 3, 2025 to February 10, 2025.
CD details