Summary: Best CD rates today vary up to 5.5% APY, consider different types for added benefits.

Lock in a competitive CD rate today to help your savings grow. Rates vary widely, so ensure you’re getting the best deal. Gainbridge® offers the highest rate of 5.5% APY on a 5-year CD with a $1000 minimum deposit. Interest earned depends on the APY and how often interest compounds.

For example, a $1,000 one-year CD at 1.81% APY with monthly compounding would grow to $1,018.25. Opting for a 4% APY CD would result in a balance of $1,040.74. Depositing more money means more earnings – a $10,000 deposit would yield $10,407.42.

Consider different CD types like Bump-up, No-penalty, Jumbo, and Brokered CDs for added benefits or flexibility. Bump-up CDs let you request a rate increase once, while No-penalty CDs allow early withdrawals without fees. Jumbo CDs require higher deposits for potentially higher rates, while Brokered CDs are purchased through a brokerage and may offer more flexibility but carry more risk.

Read more at Yahoo Finance: Best CD rates today, July 6, 2025 (lock in up to 5.5% APY)