Take advantage of high APY while you can still. Today’s CD Rate, February 17, 2025
- Today’s best CDs boast up to 4.65% APY. It is more than twice the national average for some conditions.
- The Fed has suspended for now, but cuts are expected later this year.
- Locking with high APY will help you protect your revenue from future rate cuts.
Not all CDs are created equal. on the other hand National Average Rate For 6-month CDs, for example, the top 6-month CDs tracked on CNET provide an annual yield of 4.65%. It can make a huge difference in how quickly your money grows.
Today’s Best CD It boasts competitive rates, low minimum deposit requirements, and the safety of federal deposit insurance. 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.
Why is it clever time to open a CD?
CDs are always the best place to hide cash, but they can be particularly advantageous in periods of inflation like today. As the Federal Reserve raises interest rates to combat inflation, banks tend to follow suit and raise APY for consumer products such as CDs and CDs Savings account.
If you open a CD while the price continues to rise, you can continue to enjoy the same high return even if the price is lowered due to the APY being locked when opening the CD.
But don’t wait too long to use today’s APY. While the Fed selected Pause rate At a January meeting, experts expect to cut prices later this year. In other words, the clock is ticking.
“Short-term interest rates tend to fluctuate in anticipation of market changes, so even if the Fed doesn’t fall anytime soon, CD fees could start to go down slightly.” Olivier Group. “That being said, CD rates and other safe money options could remain at these high levels for now, as the Fed takes a more careful waiting approach.”
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% | $0.00 |
| 3 years | 3.55% | 3.56% | $0.00 |
| 5 years | 3.56% | 3.56% | There are no changes |
Things to consider when comparing CDs
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.
*APY as of February 14, 2025, 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.