Today’s CD rates remain above the national average after three Federal Reserve interest rate cuts in 2024. Lock in high rates with a certificate of deposit (CD) while you can. Find the best CD rates and offers available now.
The highest CD rate as of July 21, 2025, is 5.5% APY on a 5-year CD from Gainbridge®, with a $1000 minimum opening deposit required.
Online banks and credit unions typically offer more competitive CD rates than traditional banks. Current CD rates are significantly higher than national averages, making it a good time to consider opening a CD for better returns.
The national average interest rate for a 1-year CD is 1.77%, with today’s rates among the highest seen in nearly two decades due to the Federal Reserve’s efforts to combat inflation by keeping interest rates elevated.
When opening a CD, choose one with a high APY and term length that aligns with your financial goals. Shop around, consider online banks, check minimum deposit requirements, and review account terms for the best rates and terms that match your needs.
Read more at Yahoo Finance: Best CD rates today, July 21, 2025 (Lock in up to 5.5% APY)