2025 CD Rates Update: 30 Top Certificates Offering Up to 5.85% APY

Discover the current trends in CD rates across terms from 3 months to 5 years in 2024

This year, the number of "Benchmark Leaders"—CDs offering 5.50% APY or higher—has surged to 30, doubling since early August. This growth provides savers with an expanded selection of high-yield certificates of deposit to maximize earnings.

The top jumbo CD rate stands firm at 5.85% APY from One America Bank on a 170-day term, the highest nationwide rate available for any term. For smaller deposits, Abound Credit Union and MapleMark Bank lead with a competitive 5.75% APY on 10- and 12-month terms respectively.

Highlights to Note

• There are now 30 CDs offering 5.50% APY or more, up from 15 at the start of August.
• The highest jumbo CD rate is 5.85% APY, requiring a $100,000 minimum deposit.
• Smaller depositors can access rates up to 5.75% APY on 10-12 month CDs.
• Long-term CDs of 3 to 4 years offer steady rates around 5.12% to 5.13% APY, with jumbo options available.
• Federal Reserve decisions this September could influence future CD rate movements.

To help you capitalize on these rates, below are the top CDs available nationwide from trusted financial institutions, along with tips on selecting the best certificate for your savings goals.

For those seeking longer-term commitments, a 3-year credit union CD offers 5.13% APY, while jumbo CDs extend up to 4 years at 5.12% APY for deposits over $100,000.

CD Shopping Advice

Don’t let the misconception that credit union membership is difficult stop you. Many credit unions featured here welcome nationwide members with simple sign-up processes, often requiring only a modest or no donation to affiliated nonprofits. Opening a credit union CD is as straightforward as opening a bank account.

Important Considerations

While jumbo CDs typically offer higher rates, this is not always guaranteed. Some jumbo rates may be lower than standard CDs depending on the term. It’s essential to compare all available certificates before committing to ensure you secure the best return.

Will CD Rates Rise Further in 2024?

CD rates have climbed to historic highs in 2024, partly due to the Federal Reserve’s aggressive interest rate hikes aimed at curbing inflation. The Fed’s July 26 increase brought the benchmark rate to its highest since 2001, creating advantageous conditions for savers.

The Fed’s September meeting will be closely watched for signals on whether rates will hold steady or rise again. Fed Chair Jerome Powell has indicated both a rate hike and a pause are possible, with a formal decision expected September 19-20. Additional insights may come from Powell’s speech at the Jackson Hole Economic Symposium.

Market expectations currently favor a rate hold in September, but a further increase could push CD rates even higher. Conversely, a pause may indicate that rates have peaked.

Best rates for May 2025 include CDs up to 4.50% APY, high-yield savings accounts offering 5.00%, and money market accounts up to 4.40%.

Note on Rates

The "top rates" featured here represent the highest nationally available yields identified through daily research of hundreds of banks and credit unions. These rates significantly outperform national averages, which are lowered by many large banks offering minimal interest.

Methodology for Rate Tracking

Investopedia monitors rates from over 200 federally insured banks and credit unions nationwide each business day, ranking the best CDs by term. To qualify, institutions must have FDIC or NCUA insurance, offer CDs with minimum deposits not exceeding $25,000, and be accessible in at least 40 states. Credit unions requiring donations over $40 for membership are excluded. For full details, see our methodology page.

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