Looking for the best CD rates? CD rates vary, but some banks still offer competitive rates despite the Fed’s rate cuts. The highest CD rate as of August 15, 2025, is 5.5% APY from Gainbridge®. Compare with national averages to find the best rates. Consider online banks and credit unions for high rates on CDs.

CDs offer safe savings with today’s best rates locked in. But, you must keep funds in for full term to avoid penalties. High rates are attractive, but investing in the market may offer better long-term growth for retirement savings. Consider your goals before choosing a CD.

Read more at Yahoo Finance: Best CD rates today, August 15, 2025 (up to 5.5% APY return)