Annual percentage yields on CDs have plummeted since the Fed cut rates at its last two meetings.
you could earn up to 4.70% with thetop CDs.
The longer you wait, the lower the APY you may be able to lock in.
key in your information below to get CNET’s partners' best rate for your area.
Since the beginning of this year, CD and savings rates have been slowly decreasing.
The Fedcut rates in September– its first rate cut since March 2020 – and again inNovember.
Since then, CD and savings rates have fallen faster.
This week, it’s 4.14%.
Should you open a CD now?
If you’re working on growing your savings, there’s still time to earn an attractive APY.
“Rates are still high on a historical basis.”
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.
*APYs as of Dec. 16, 2024, based on the banks we track at CNET.
Earnings are based on APYs and assume interest is compounded annually.
**Weekly percentage increase/decrease from Dec. 9, 2024, to Dec. 16, 2024.
