Top CDs also offer low risk, federal deposit insurance and a wide range of terms.
If you're searching for a safe place to stash your cash, don't overlook certificates of deposit. Unlike savings accounts, whose rates can change anytime, CDs offer a fixed rate that's set when you open the account. And with rates holding steady for now, it's a great time to open a CD.
"I expect rates to remain flat or trend lower, following the path of broader interest rates, in the coming weeks," said Noah Damsky, CFA, Principal of Marina Wealth Advisors. "If you're waiting for higher CD rates before you invest, you might not get it. If I were in the market for a CD now, I'd invest right now because rates might be lower tomorrow."
You can earn up to 4.65% annual percentage yield (APY) with today's best CDs. Here are some of the highest CD rates available now and how much you could earn by depositing different amounts.
Experts recommend comparing rates before opening a CD account to get the best APY possible. Enter your information below to get CNET's partners' best rate for your area.
CDs offer a number of benefits, including:
CDs have plenty of perks, but they're not always the best option. "It really depends on your goals," said Taylor Kovar, certified financial planner and CEO of 11 Financial.
To determine if a CD is the right choice for your money, ask yourself the following questions:
💰You can earn up to 5% APY on today's best high-yield savings accounts. Check out top savings rates now.
CNET reviews CD rates based on the latest APY information from issuer websites. We evaluated CD rates from more than 50 banks, credit unions and financial companies. We evaluate CDs based on APYs, product offerings, accessibility and customer service.
The current banks included in CNET's weekly CD averages include Alliant Credit Union, Ally Bank, American Express National Bank, Barclays, Bask Bank, Bread Savings, Capital One, CFG Bank, CIT, Fulbright, Marcus by Goldman Sachs, MYSB Direct, Quontic, Rising Bank, Synchrony, EverBank, Popular Bank, First Internet Bank of Indiana, America First Federal Credit Union, CommunityWide Federal Credit Union, Discover, Bethpage, BMO Alto, Limelight Bank, First National Bank of America and Connexus Credit Union.