CD rates today, February 28, 2025 (up to 4.50% APY return)

If you are looking for a safe place to store your savings, a deposit certificate (CD) can be a great choice. These accounts often provide higher interest rates than traditional verification and savings accounts. However CD rates can be widely different. Learn more about CD rates today and where to find High yield CD affordable at the best interest rate.

Today’s CD rates are quite little different. In general, however, the CD rates are starting to decline due to the decision to reduce its benchmark in the last part of 2024. Even so, some banks still offer competitive CD rates.

See our options today for the best CD accounts available >>

For them, that is, the highest rates are about 4% apy. This is especially true for a short period of time for a short period of time.

Today the highest CD rate is 4.50% APY, which offers Marcus by Goldman Sachs with its 14-month CD. A $ 500 opening deposit is required.

Here’s a look at some of the best prices for CD today.

As of February of 2025, compare these interest rates on a national average (most recent data available Fetical)

Compared to the best prices of today’s CD, national average is much lower. This highlights the importance of best priced purchases at the best CD Opening an accountA number

Online banks aeration of Neopards These are financial institutions that operate exclusively through the Internet. This means that they have lower prices costs than traditional brick and mortars. As a result, they can transfer their customers to their customers in the form of higher interest rates of deposit accounts (including CD) and low interest rates. If you are looking for the best CD prices available today, online bank to start a great place.

However, online banks are not the only financial institutions of competitive CD interest rates. It’s also worth checking Credit unions:A number of non-commercial financial cooperatives, credit unions return their profits to customers who are also members. Although many credit unions have strict membership requirements that are limited to people who belong to certain associations or at certain areas, there are several credit unions that can join several credit unions.

Whether you need to put your money on CD depends on your savings goals. CDs are considered safe and stable savings, they Don’t Lose Money (In many cases), insured with federal insurance and allow locking at today’s best prices.

However, there are some drawbacks to consider. First, you need to keep your money to keep your money for a full term, otherwise you will be subject to early release penalty. If you want flexible access to your funds, a High Income Savings Account or Money Market Account can be a better choice.

In addition, despite today’s CD rates are great by historical standards, they do not meet the return that you can reach your money by investing in the market. If you are saving for long-term purposes, CD will not provide the growth, which is necessary to achieve your savings a reasonable time.

Read more: Short-term or long-term CD. What is the best for you?