Don’t sleep at 4.65% APY CD rate. Today’s CD Rate, February 10, 2025

Certificates of deposit provide reliable revenue stability, but you should always shop at the best price. Best CD The offer tracks annual percentage yield (APY) up to 4.65%.

After cutting interest rates three times last year, The Federal Reserve has left federal funds intact January. Since then, the CD rate has been stable, but that may not last. Opening the CD today will allow you to lock at a good rate regardless of where your rate is in the second half of the year.

Below are some of the best CD rates and the amounts 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.

How the Fed affects 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 paused its move 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. The CD offers a fixed interest rate for a certain period of time, so if the Fed decides to cut interest rates in the coming months, locking at a higher interest rate will help protect your income.

However, if you know you don’t need to access your money, it makes sense to lock the rate. Otherwise, if you need to cash out your CD before it matures, you could be hit with an early withdrawal fee.

Keith Spencer, Founder and Financial Planner of Spencer Financial Planning, said:

💰Earn up to 5% APY Best High Yield Savings Account. Check out today’s prices.

Average CD rates are weekly

semester	Last week’s CNET Average APY	This week’s average APY	Weekly Changes**
6 months	4.10%	4.10%	There are no changes
1 year	4.06%	4.07%	+0.25%
3 years	3.54%	3.55%	+0.29%
5 years	3.55%	3.56%	+0.28%

Features to consider when choosing a CD

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, and 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, Co Nexus Trust Union.

*As of February 7, 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 January 27, 2025 to February 3, 2025.

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