Are you worried about recession? CD can help you protect your money. Today’s CD prices, April 1, 2025

The fears of recession are increasing. With Prices are still rising And the confidence of consumers down, many Americans wonder how to withstand the coming financial storm. One something experts recommend It accumulates your cash reserves.

APY or annual percentage income, deposit accounts tend to fall into a recession, which means that the money you have allocated earns less interest. You must have a health condition emergency fund In a savings account, but once this has been built, relocating additional money to a deposit certificate can help you discard a drop in rates. The degree of CD is fixed when you open the account so that even if Apys falls then, your return will remain the same. This makes them ideal for money you have set as a future purpose, such as Buying a home or financing an approaching retirement.

“The main advantage of investing in CD in today’s economy is the security of the guaranteed, risk -free return at a time when there is increasing insecurity and instability in the markets,” said Dana Menard, CFP, founder and leading financial planner of Wealth strategies during the twinningS

Today The best CDs offer up to 4.50% APY – more than three times Average national level For some conditions. Here’s where you can find the best CD tariffs available now and how much you can win by depositing different amounts.

Experts recommend comparing prices before opening a CD account to get the best possible APY. Enter your information below to get the best price of CNET partners for your area.

How CD can protect your money in recession

CD offers a number of advantages, including:

• Guaranteed returns: Your APY is locked when you open the CD, as opposed to savings accounts where interest rates can vary at any time. The fixed CD rate facilitates the calculation of how much interest you will earn over time and protects your funds from rates after you open your account.
• Competitive prices: Traditional savings accounts offer minimal ApysSometimes only 0.01%. Today’s highest income CDs have an APY of 4.50% or more that can make a Difference in your interest income And help your money keep up with inflation.
• Low risk: CD held by Fdic The banking or NCUA-insured credit union is protected for up to $ 250,000 per deputy, institution and category of accounts. This means that if your bank fails, your money is safe. Other investments, such as shares, can potentially give a higher return in the long run, but they are also variable, which means that you can lose money at any time.
• Access barrier: You can withdraw money in a savings account at any time, free of charge (as long as you mean any monthly download restrictions). However, many CDs load Early punishment for withdrawal If you take out your money before the deadline rises. This can help you resist the desire to immerse yourself in your means before you need them.

CD vs Savings Account: Who should you choose?

CDS have many bonuses, but they are not always the best option. “It really depends on your goals,” said Taylor treasurer, a certified financial planning and executive director of 11 financialS

To determine if CD is the right choice for your money, ask yourself the following questions:

• When will you need your funds? “Before they dive into CD, users should think about their liquidity needs,” says Chrisstin Petermark, Financial Advisor in New New Horizon retirement solutionsS “CDS locks its money for a certain period and if you need to access these funds early, there may be penalties. So it is important to make sure that the money you invest in CD is something you won’t need right away.”
• How much do you have to deposit? Some CDs require a minimum deposit to open an account, usually from $ 500 to $ 1,000. If you can’t find an attractive APY account for the amount you want to deposit, try to check out a high -profile savings account with low or without minimal deposit.
• Do you want to add money over time? Most CDs (though not all) allow only a one -time deposit. If you want to regularly add money to your savings over time, consider a high -profile savings account.
• Do you need any discipline? If you are worried that you will be tempted to touch your savings before you need it, CD imposes an early withdrawal punishment, which can help you give you a pause.

💰 You can earn up to 5% APY for the best savings accounts of today’s savings. See The highest savings tariffs Now.

Methodology

CNET is reviewing CD tariffs based on the latest APY information from the issuer’s websites. We have evaluated the CD percentages of more than 50 banks, credit unions and financial companies. We evaluate CDS based on APY, products, accessibility and customer service.

The Current Banks Included in CNET’s Weekly CD Aveges Include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bread Savings, CFG, Capital One Goldman Sachs, Mysb Direct, Quontic, Rising Bank, Synchrony, Everbank, Popular Bank, First Internet Bank of Indiana, ARICA FESTPER CRYDITE, DEEPE, Community BMO Alto, LimeLight Bank, First National Bank of America and Connexus Credit Union.

*APYS As of March 31, 2025, based on the banks we are tracking on CNET. The profits are based on APY and suggest that the interest is complicated annually.