The best CD rates today, May 13, 2025 (blocking up to 4.40% APY)

The Federal Reserve reduced the federal funds three times by 2024. As a result, the deposit account rates are in decline. The good news: you can block -you today a deposit certificate (CD) and preserve your power. In fact, the Best cd cd You still pay the rates over 4%. Continue reading for a snapshot of CD rates today and where to find the best offers.

Current CDs often offer significantly higher rates than traditional savings accounts. In February, the best short -term CDs (six to 12 months) generally offer rates about 4.00% to 4.50% APY.

Today, the highest CD rate than 4.40% APY, which offers Marcus of Goldman Sachs On its 14 -month CD. A minimum opening deposit of $ 500 is required.

Here are some of the best CD rates available today from our verified partners.

In 2000 they were marked by the Bubble Dot-com and later, the world financial crisis of 2008. Although in the early 2000’s they saw relatively higher CD rates, they began to fall as the economy slowed down and the Federal Reserve reduced its target rate to stimulate growth. In 2009, after the financial crisis, the average CD of a year paid about 1% APY, with CD of five years to less than 2% APY.

The trend of the fall of CD rates continued until the years 2010, especially after the great recession of 2007-2009. The Fed’s policies to stimulate the economy (in particular, their decision to maintain their reference interest rate near zero) led the banks to offer very low rates to the CDs. In 2013, the average 6 -month CD rates fell to 0.1% of the APY, while the CDs of five years returned an average of 0.8% APY.

However, things changed between 2015 and 2018, when the Fed started to gradually increase rates. At this point, there was a slight improvement in CD rates as the economy expanded, marking the end of almost a decade of ultra-low rates. However, the emergence of Covid-19 Pandemic in early 2020 led to emergency rates cuts by the FED, causing CD rates to drop in the new minimum record.

The situation was reversed after the pandemic when inflation began to uncontrolled -. This pushed the FED to increase rates of 11 times between March 2022 and July 2023. In turn, this led to higher rates of higher lending and APY on savings products, including CDs.

Avance quickly until September 2024: Fed finally decided to start cutting the federal background rate after it was determined that inflation was essentially under control. Today, we begin to see that the CD rates go down from their peak. However, CD rates are high according to historical standards.

Take a look at how CD has changed since 2009:

Long -term CDs have traditionally offered higher interest rates compared to short -term CDs. This is due to the fact that locking money for a longer period is more at risk (that is, lacking higher rates in the future), than banks make up with higher rates.

However, this pattern does not necessarily do not remain; The highest average average CD rate is for a period of 12 months. This indicates a flattening or investment of the performance curve, which can happen in uncertain economic times or when investors expect future interest rates to decrease.

Read -Ne More: Short or long term CD: Which one is the best for you?

Whenever Opening a CDChoosing -one with a high APY is just a piece of the puzzle. There are other factors that can affect whether a particular CD is better for your needs and your general return. Think about the following when choosing a CD:

• Your goals: Decide how long you are willing to block your funds. CDs include fixed terms and withdraw your money before the end of the deadline can cause penalties. The common terms range from a few months to several years. The term appropriate for you depends on when you expect you need access to your money.

• Type of financial institution: Fees can vary significantly among financial institutions. Do not check only with your current bank; Investigate online Bank CD rates, local banks and credit cooperatives. Banks onlineIn particular, they often offer higher interest rates than traditional brick and mortar benches because they have lower general costs. However, secure -any of any online bank you consider Insured of FDIC (or insured by NCUA for credit cooperatives).

• ACCOUNT TERMS: Beyond the interest rate, you understand the terms of the CD, including the expiration date and Penalizations of withdrawal. Also, check if there is a minimum deposit requirement and, if so, this is adjusted to your budget.

• Inflation: Although CDs can offer safe and fixed returns, they may not always keep the rhythm of inflation, especially for longer terms. Think about this when you decide on the deadline and the amount of investing.