Key takeaways
After months of steadily falling, rates for certificates of deposit have plateaued.
That means you still have time to maximize your earnings by investing your money in a CD.
But don’t wait too long – rates could go down later in the year.
The Federal Reserve is expected to cut its benchmark rate again in late spring or early summer.
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But withinflation inching back up, experts believe the Fed will hold rates steady at its Jan. 29 meeting.
By securing a high APY now, you’re able to maximize your savings.
you’ve got the option to earn up to 5% APY on the best high-yield savings accounts.
Check outtoday’s rates.
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 Jan. 27, 2025, based on the banks we track at CNET.
Earnings are based on APYs and assume interest is compounded annually.
**Weekly percentage increase/decrease from Jan. 21, 2025, to Jan. 27, 2025.
