The earlier you lock yourself in your APY, the more you can win. Today’s CD prices, February 12, 2025
- Today’s best CDs earn up to 4.65% APY.
- Experts expect the Fed to reduce the tariffs later this year.
- Locking your APY can now help you maximize your profit and protect your return from future rates on the rate.
Do you want to win a guaranteed return on your savings? A deposit certificate can be a great way to do it. The CD offers a fixed rate in exchange for the retention of your money in the account for the whole period. And at speeds more than twice Average national level At the moment, today The best CDs It can help you increase your funds faster.
You can currently earn up to 4.65% annual percentage of yield or APY, with the best banks tracking in CNET. Here are some of the highest CD prices and how much you could 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.
How will you take advantage of opening CD today
The Federal Open Market Committee is gathering eight times a year to determine the percentage of federal funds based on the health of the US economy. The Fed may raise interest rates to try to slow down inflation or reduce them to stimulate costs. After reducing interest rates in 2024 Fed Pausated Tariffs at his meeting in January Against the background of signs this Inflation rose back again.
Until the Fed directly sets CD tariffs, banks usually define APYS according to federal funds. CD offers a fixed rate for a certain period of time, so locking a higher rate can now help you protect your revenue if the Fed decides to reduce interest rates in the coming months, as experts expect it to happen.
But you have to be careful to choose a term that is responsible when you will need to access your money. If you need to win a CD before you mature, you can be hit with an early towing fees.
“Going with the highest APY makes a lot of sense, although you will want to make sure that you will choose a maturity date that is aligned with your situation,” said Keith Spencer, CFP, founder and financial planner at Spencer Finance Planning S
💰 You can earn up to 5% APY on the best high-yield savings accounts. See Today’s best savingsS
Average prices per CD from week per 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% | +0.25% |
| 3 years | 3.55% | 3.56% | +0.28% |
| 5 years | 3.56% | 3.56% | Unchanged |
Weigh these factors when comparing CD
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. Very much 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 consider 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 CHEM, LIMELIGHT BANK, First National Union.
*APYS since February 11, 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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