Finest CD charges immediately, August 4, 2025 (Lock in as much as 5.5% APY)

At this time’s CD charges nonetheless hover nicely above the nationwide common. The Federal Reserve lowered its goal rate of interest thrice in 2024. This had a ripple impact on deposit account charges, which implies now might be your final probability to lock in immediately’s excessive charges with a certificates of deposit (CD). Right here’s a take a look at immediately’s greatest CD charges and the place you could find the most effective affords.

As of August 4, 2025, the best CD fee is 5.5% APY, provided by Gainbridge® on its 5-year CD. There’s a $1000 minimal opening deposit required.

Here’s a take a look at a few of the greatest CD charges accessible immediately from our verified companions.

Should you’re contemplating a CD, these charges are a few of the highest accessible, particularly when in comparison with the nationwide common charges, that are considerably decrease. It is also price noting that on-line banks and credit score unions typically supply extra aggressive charges in comparison with conventional brick-and-mortar banks.

Learn extra: What is an effective CD fee?

Right here’s a take a look at the common CD fee by time period as of June 2025 (the newest knowledge accessible from the FDIC):

The best nationwide common rate of interest for CDs stands at 1.77% for a 1-year time period. Nevertheless, on the whole, immediately’s common CD charges characterize a few of the highest seen in almost 20 years, largely as a result of Federal Reserve’s efforts to fight inflation by conserving rates of interest elevated.

Should you’re desirous about opening a CD, it’s essential to decide on one with a excessive APY and time period size that matches your monetary objectives. Listed below are some suggestions for locating the most effective CD charges and accounts that match your wants:

Store round: It’s a good suggestion to guage CD charges from a wide range of monetary establishments and evaluate your choices earlier than selecting an account. You possibly can simply evaluate CD charges on-line.
Take into account on-line banks: On-line banks are inclined to have decrease overhead prices, which permits them to supply greater rates of interest on CDs. In truth, on-line banks usually have essentially the most aggressive charges accessible.
Test minimal deposit necessities: Greater CD charges may include greater minimal deposit necessities, so be certain the quantity you propose to deposit aligns with the necessities to get the most effective fee.
Overview account phrases and situations: Past the CD’s fee, take a look at phrases for early withdrawal penalties and auto-renewal insurance policies. Some CDs supply higher phrases for flexibility, equivalent to no-penalty CDs, which let you withdraw your funds with out a payment earlier than the maturity date.