Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on deposit account rates, which means now could be your last chance to lock in today's high rates with a certificate of deposit (CD). Here’s a look at today’s best CD rates and where you can find the best offers.
Best CD rates today
As of May 5, 2025, CD rates are still competitive, particularly for shorter terms. Today, the highest CD rate 4.40% APY, offered by Marcus by Goldman Sachs on its 14-month CD. There is a $500 minimum opening deposit required.
Here is a look at some of the best CD rates available today from our verified partners.
National average CD rates
If you're considering a CD, these rates are some of the highest available, especially when compared to the national average rates, which are significantly lower. It's also worth noting that online banks and credit unions generally offer more competitive rates compared to traditional brick-and-mortar banks.
Read more: What is a good CD rate?
Here’s a look at the average CD rate by term as of April 2025 (the most recent data available from the FDIC ):
The highest national average interest rate for CDs stands at 1.77% for a 1-year term. However, in general, today’s average CD rates represent some of the highest seen in nearly two decades, largely due to the Federal Reserve's efforts to combat inflation by keeping interest rates elevated.
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How to find the best CD rates
If you’re thinking about opening a CD , it’s important to choose one with a high APY and term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts that match your needs:
