Today’s CD rates still hover over the national average. The federal reserve reduced its target interest rate three times in 2024. This had a training effect on the rates of deposit accounts, which means that now could be your last chance to lock the high prices today with a deposit certificate (CD). Here is an overview of the best CD rates today and where you can find the best offers.
As of August 4, 2025, the highest CD rate was 5.5% APY, offered by Gainbridge® on its CD at 5 years. There is a minimum opening deposit of $ 1000 required.
Here is an overview of some of the best CD rates available today from our verified partners.
If you are considering a CD, these rates are among the highest available, in particular compared to national average rates, which are considerably lower. It should also be noted that online banks and credit cooperatives generally offer more competitive rates compared to traditional brick and mortar banks.
Find out more: What is a good CD rate?
Here is an overview of the average CD rate in June 2025 (the most recent data available from the FDIC):
The highest national average interest rate for CDS amounts to 1.77% for a period of one year. However, in general, today’s average CD rates represent some of the highests observed in almost two decades, largely due to the efforts of the Federal Reserve to combat inflation by keeping high interest rates.
If you are thinking of opening a CD, it is important to choose one with a high APY and a term of term that corresponds to your financial objectives. Here are some tips for finding the best CD rates and accounts that meet your needs:
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Compare prices: It is a good idea to assess CD prices from a variety of financial institutions and compare your options before being satisfied with an account. You can easily compare CD levels online.
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Consider banks online: Online banks tend to have a lower general costs, allowing them to offer higher interest rates on CDs. In fact, online banks often have the most competitive prices available.
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Check the minimum deposit requirements: Higher CD levels can pay a greater minimum deposit requirement, so make sure that the amount you plan to file alignments with the best rate.
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Examine the terms and conditions of the account: Beyond the CD rate, look at the conditions for early withdrawal penalties and automatic renewal policies. Some CDS offer better flexibility conditions, such as CDs without priority, which allow you to withdraw your funds without costs before the due date.
