Key takeaways
The bad news:Inflation is inching back up.
The good news: That gives savers more time to lock in a high certificate of deposit rate.
CD rates have been falling since the Fed cut interest rates at its last three meetings.
As a result, CD rates are likely to hold steady for the time being too.
Here are some of the highest CD rates and how much you could earn by depositing $5,000.
input your information below to get CNET’s partners' best rate for your area.
What does the Fed have to do with CD rates?
APYs on CDs andsavings accountshave been dropping since theFed cut interest ratesat its last three meetings.
But withinflation rising again, experts believe the Fed will hold rates steady at its Jan. 29 meeting.
By securing a high APY now, you could 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. 28, 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.
