Take advantage of the high APY while you can still. Today’s CD prices, February 17, 2025
- Today’s best CDs boast up to 4.65% APY -more than twice as large as the national average for some conditions.
- So far, the Fed has a break, but later this year is expected.
- Locking a high APY now allows you to protect your profits from upcoming rates cuts.
All CDs are not created equal. While The average of the country For a six-month CD is 1.64%, for example, the best six-month CD we track in CNET offers 4.65% annual yield percentage. This can make a big difference in how fast your money is growing.
Today The best CDs Praise competitive prices, low minimum deposit requirements and federal deposit insurance. Read to see some of the highest CD tariffs now and how much you can win by depositing $ 5,000.
Today’s best prices per CD
| Term | Highest Apy* | Bank | Profit |
|---|---|---|---|
| 6 months | 4.65% | Federal Credit Union across the country | $ 114,93 |
| 1 year | 4.45% | Federal Credit Union across the country | $ 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 possible APY. Enter your information below to get the best price of CNET partners for your area.
Why is it a smart time to open CD now
CD can be a great place to conceal your money at any time, but in periods of inflation like today, they can be particularly lucrative. As the Federal Reserve raises interest rates to combat inflation, banks tend to follow the example by raising APYS of consumer products such as CDS and Savings accountsS
If you open the CD as the speeds remain elevated, you can continue to enjoy the same high return, even when the speeds start to fall because your APY is locked when you open the CD.
But don’t wait too long to take advantage of today’s Apys. While Fed chose pause At her meeting in January, experts expect her to reduce the rates later this year, which means that the clock is ticking.
“Short -term interest rates tend to hesitate in anticipation of changes in the market, so even if the Fed does not lower immediately, we could still see that the CD percentages are starting to tend down slightly down,” says Chad Olivier, Certified Financial Planning and Executive Director of The Olivier GroupS “This said the Fed is taking a more cautious waiting approach, the CD speed and other safe money options are likely to remain at these high levels so far.”
💰 You can earn up to 5% APY on the best high-yield savings accounts. See The highest savings tariffs Now.
How CD percentages change in the last week
| Term | Last week CNET average APY | This week CNET average APY | Weekly Change ** |
|---|---|---|---|
| 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% | Unchanged |
Things to consider when comparing CDs
Competitive APY is important, but this is not the only thing you need to think. To find the right CD for you, weigh these things too:
- When you will need your money: Early penalties for withdrawal CDS can be eaten in your interest profit if you need your money before the deadline is over, so choose a time line that makes sense. As an alternative you can choose a CD-Panalty CDAlthough APY may not be as high as you would get with a traditional CD of the same term.
- Minimum Deposit Requirement: Some CDs require a minimum deposit to open an account, usually from $ 500 to $ 1,000. Knowing how much money you need to put aside can help you narrow your capabilities.
- Taxi: Maintenance and other fees can be reduced in your savings. Many Online banks Do not charge a fee because they have more overhead costs than banks with physical branches. Read the fine print for each account you evaluate.
- Safety and security: Make sure the bank or Credit union You are considering being a fdic or ncua member so your money is protected If the bank failsS
- Customer ratings and reviews: Visit sites like Trustpilot to see what customers say about the bank. You want a bank that is responsive, professional and easy to work with.
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.
Current banks included in the weekly CD CNNA CDs include Allian Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bread Saves, CFG Bank, CIT, FulBRI Direct, Quontic, Rising Bank, Synchrony, Everbank, Popular Bank, First Internet Bank of Indiana, America First Federal Credit Union, Federal Credit Union in Community, Discover, BMO Alto, LimeLight Bank, First National Union.
*APYS of February 14, 2025 based on the banks we are tracking on CNET. The profits are based on APY and suggest that the interest is complicated annually.
** Weekly increase/decrease in percentage from February 3, 2025 to February 10, 2025
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