CDS can be an intelligent alternative to traditional savings accounts. Today’s CD prices, March 3, 2025
- You can earn up to 4.65% APY with today’s best CDs.
- CDS offers guaranteed return and low risk in exchange for reserving your money in the account for the whole period.
- The CD can be great for the purpose of savings with a specific timeline.
Savings accounts are not the only place to store your money. Deposit certificates are also worth considering.
“In today’s economy, where inflation and interest rates are hesitant, CD offers a safe way to park money and win a guaranteed return,” said Taylor Korvar, a certified financial planning and CEO of 11 Financial.
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Today The best CDs have an annual percentage of yields (APY) up to 4.65% – more than three times Average national levelS And unlike a savings account whose APY can change at any time, CD has a fixed APY that can help you maximize your return, even when total interest rates decrease.
Here are some of the highest CD tariffs now and how much you could win by depositing different amounts:
Today’s best prices per CD
| Term | Highest Apy* | Bank | Estimated profit on a $ 1,000 deposit | Estimated profit on a $ 5,000 deposit | Estimated profit on $ 10,000 deposit |
|---|---|---|---|---|---|
| 6 months | 4.65% | Federal Credit Union across the country | $ 22,99 | $ 114,93 | $ 229.85 |
| 1 year | 4.45% | Federal Credit Union across the country | $ 44.50 | $ 222.50 | $ 445,00 |
| 3 years | 4.15% | America First Credit Union | $ 129.74 | $ 648.69 | $ 12,97.38 |
| 5 years | 4.25% | America First Credit Union | $ 231,35 | $ 1,156,73 | $ 2,313,47 |
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.
Main reasons for opening a CD now
CD offers a number of advantages, including:
- Competitive prices: Traditional savings accounts offer minimal ApysSometimes only 0.01%. Tops CDS currently has an APY of 4.50% or more. This can do a Difference in your interest incomeS
- 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.
- 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 your 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.
Is CD correct for you?
CDS have many bonuses, but they are not always the best option. “It really depends on your goals,” said Kovar.
To determine if CD is the right choice for your money, ask yourself the following questions:
- When will you need your funds? CDs are great for the purpose of savings with a set time line and they come in a number of conditions, from three months to several years. If you know you want to buy a home on the way, for example Five -year CD It can be a great way to increase your advance payment. If you need immediate access to your money with emergency fundHowever, the savings account is more appropriate.
- 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 of February 28, 2025 based on the banks we are tracking on CNET. The profits are based on APY and suggest that the interest is complicated annually.
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