The sooner you lock your APY, the more you earn. Today’s CD Rate, February 12, 2025
- Today’s top CDs earn up to 4.65% APY.
- Experts hope the Fed will cut fees later this year.
- Locking your APY will help you maximize your revenue and protect your return from future rate drops.
Want to earn a guaranteed return from your savings? A certificate of deposit is the best way to do that. The CD offers a fixed interest rate in exchange for keeping money in your account for maturity. And more than twice the price National Average Now today Best CD It can help you grow your funds faster.
Currently, you can earn an annual percentage (APY) of up to 4.65% using the top banks tracked on CNET. 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 can you benefit from opening a CD today?
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 The best savings today.
Average CD rates are weekly
| 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 |
Comparing these factors 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.
*As of February 11, 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