Best CD Rates in 2025: Top 5.75% APY Deals for January 12, 2025

The highest nationwide CD rates remain steady as of January 12, 2024, with Citizens State Bank leading at an impressive 5.75% APY for a 7-month term. For those seeking slightly longer commitments, NASA Federal Credit Union offers a competitive 5.70% APY on 9-month CDs, while Hyperion Bank provides a strong 5.65% APY for terms of 15 months or more.

Key Highlights

• The top CD rate nationwide holds at 5.75% APY for a 7-month term.
• Additional CDs offer between 5.65% and 5.70% APY for terms up to 15 months.
• Although current rates are below October's peak of 6.50%, CD returns remain notably high.
• Federal Reserve interest rate cuts anticipated in 2024 may make locking in today's rates advantageous.
• Longer-term CDs offer guaranteed returns for years, securing today’s elevated rates against future declines.

Below, explore featured rates from our trusted partners and a comprehensive ranking of the best CDs available nationwide.

Current CD Rates: High but Below Historic Peaks

Since reaching a record high of 6.50% in October, CD rates have gradually declined. In November, 18 CDs offered rates at or above 5.75% APY, but now only one remains at that level. This trend aligns with expectations as the Federal Reserve signals possible interest rate reductions in 2024.

Despite this decline, locking in rates between 5.65% and 5.70% APY for terms from 3 to 15 months remains a strong option. Multiple CDs also provide returns in the upper 4% to mid-5% range across various terms.

Long-term CDs are increasingly attractive amid expected future rate drops. The top 2-year CD offers 5.39% APY, and a 3-year term yields 5.23% APY. Although 4- and 5-year CDs pay below 5%, rates up to 4.89% APY provide stable, long-term growth through 2026 to 2029.

Jumbo CDs: Are They Worth It?

For large deposits, jumbo CDs sometimes offer slightly higher yields. The best jumbo CD currently pays 5.65% APY for a 17-month term at Hughes Federal Credit Union, matching the rate of a standard 15-month CD. In many cases, standard CDs provide equal or better returns than jumbo options, so comparing both types before investing is wise.

What to Expect from CD Rates in 2024

The Federal Reserve held interest rates steady at a 22-year high in its recent meetings after aggressive hikes since March 2022 to combat inflation. These elevated rates have benefited savers with high-yield CDs, savings, and money market accounts.

While inflation has eased, the Fed has not ruled out future hikes and projects three rate cuts in 2024 totaling 0.75%. However, recent strong labor and inflation data may delay rate reductions. These Fed decisions heavily influence CD rates, which are expected to gradually decline from current peaks.

Top savings options for May 2025 include high-yield accounts offering 5.00%, CDs up to 4.50%, and money market accounts reaching 4.40%.

Important Note

The "top rates" presented are the highest nationally available, identified through daily research of hundreds of banks and credit unions. These rates far exceed national averages, which include many institutions with much lower interest payouts.

How We Identify the Best CD Rates

Every business day, we analyze rate data from over 200 federally insured banks and credit unions nationwide, focusing on CDs with initial deposits up to $25,000. Banks must operate in at least 40 states, and credit unions with donation requirements over $40 are excluded. For detailed methodology, please refer to our full guide.

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