Secure up to 4.45% APY

Interest rates on deposit accounts are falling. The good news: You can get a competitive return on Deposit certificate (CD) today and maintain your earning potential. In reality, Best CDs You still pay rates above 4%. Read on to get a quick overview of today’s CD prices and where to find the best deals.

CDs today typically offer much higher rates than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) offer rates between 4% to 4.5% per annum.

As of October 8, 2025, the highest CD rate is 4.45% APY. This price is offered by Lindclub on his CD for 8 months.

Here’s a look at some of the best CD prices available today from our certified partners:

The 2000s were marked by the dot-com bubble, then the global financial crisis of 2008. Although the early 2000s saw CD rates relatively high, they began to decline as the economy slowed and the Federal Reserve lowered its target interest rate to stimulate growth. By 2009, in the wake of the financial crisis, the average one-year CD paid about 1% APY, with five-year CDs at less than 2% APY.

The trend of lower loan interest rates continued into the 2000s, especially after the Great Recession of 2007-2009. The Fed’s policies to stimulate the economy (in particular its decision to keep the benchmark interest rate near zero) led banks to offer very low interest rates on CDs. By 2013, average rates for 6-month CDs had fallen to about 0.1% per year, while 5-year CDs returned to an average of 0.8% per year.

However, things changed between 2015 and 2018, when the Fed began gradually increasing interest rates again. At this point, there was little improvement in loan interest rates as the economy expanded, marking the end of nearly a decade of ultra-low interest rates. However, the onset of the COVID-19 pandemic in early 2020 led to emergency interest rate cuts by the Federal Reserve, causing interest rates on certificates of deposit to fall to new record lows.

The situation reversed in the wake of the pandemic as inflation began to spiral out of control. This has prompted the Fed to raise interest rates 11 times between March 2022 and July 2023. This in turn has led to higher interest rates on loans and higher average annual years on savings products, including CDs.

Fast forward to September 2024 – the Fed finally decided to start cutting the federal funds rate after determining that inflation was essentially under control. It recently announced its first rate cut in 2025. Today, we are starting to see interest rates on certificates of deposit fall from their peak. However, CD rates remain high by historical standards.

Take a look at how CD prices have changed since 2009:

Traditionally, long-term CDs have offered higher interest rates compared to short-term CDs. This is because holding money longer typically involves greater risk (i.e. missing out on higher interest rates in the future), which banks compensate for with higher rates.

However, this pattern does not necessarily continue today; The highest average price for CDs is for 12 months. This indicates a flattening or inversion of the yield curve, which can happen in unstable economic times or when investors expect interest rates to fall in the future.

Read more: Short or Long Term CD: Which is Best for You?

when Open a CDChoosing one with a high APY is just one piece of the puzzle. There are other factors that can affect whether a particular CD is best for your needs and your overall return. Consider the following when choosing a CD:

• Your goals: Decide how long you want to keep your money. CDs come with fixed terms, and withdrawing your funds before the term expires may result in penalties. Common terms range from a few months to several years. The right term for you depends on when you expect to need access to your money.

• Type of financial institution: Rates can vary widely between financial institutions. Don’t just check your current bank; Look up CD rates from online banks, local banks and credit unions. Online banksIn particular, they often offer higher interest rates than traditional banks because they have lower overhead costs. However, make sure that any online bank you consider is FDIC insured (Or NCUA-insured for credit unions).

• Account terms: In addition to the interest rate, understand the terms of the CD, including the maturity date and… Withdrawal penalties. Also check if there is a minimum deposit and if so, it fits your budget.

• Economic inflation: While CDs can provide safe and consistent returns, they may not always keep up Economic inflationespecially for longer periods. Keep this in mind when determining the duration and amount to invest.