The best CD rates today, May 2, 2025 (up to 4.40% APY return)

See which banks currently pay the highest CD rates. If you are looking for a safe place to store your savings, a deposit certificate (CD) can be a great option. These accounts often provide higher interest rates than traditional check -ups and savings accounts. But,, may vary widely. Get more information about CD rates today and where to find with the best rates available.

The current CD rates vary quite a bit. In general, however, CD rates are beginning to decrease due to the FED’s decision to reduce their reference rate three times in the back of 2024. However, some banks still offer competitive CD rates.

For those who are, the most important rates reach about 4% of the APY. This is especially true for shorter terms of a year or less.

Today, the highest CD rate of 4.40% APY, offered by Marcus by Goldman Sachs on his 14 -month CD. A minimum opening deposit of $ 500 is required.

Here is a look at some of the best CD rates available today from our verified partners:

Compare these rates with the national average in April 2025 (the most recent data available in the FDIC):

Compared to the most important CD rates, the national averages are much lower. This highlights the importance of purchases for the best CD rates before Opening an account.

Banks online and neobanks They are financial institutions that work exclusively through the web. This means that they have general costs lower than the traditional brick and mortars benches. As a result, they can pass these savings to their customers in the form of higher interest rates instead of deposit (including CD) and lower rates. If you are looking for the best CD rates available today, an online bank is an ideal place to start.

However, online banks are not the only financial institutions that offer competitive CD rates. It is also worth consulting Credit unions. As non -profit financial cooperatives, credit cooperatives return their benefits to customers, who are also owners. Although many credit cooperatives have strict requirements of members that are limited to those who belong to certain associations or work or live in certain areas, there are also several credit cooperatives to which anyone can participate.

If you have to put your money on a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle: they Don’t lose money (In most cases), they have the support of federal insurance and allow you to block the best today’s rates.

However, there are some disadvantages to consider. First, you must keep your money on deposit for the full duration, otherwise you can be a precocious sentence. If you want flexible access to your funds, to or It can be a better option.

In addition, although current CD rates are high according to historical standards, they do not coincide with the returns you could get your money in the market. If you save a long -term goal, such as retirement, a CD will not provide the growth you need to achieve your savings goal within a reasonable period.

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