CD rates today are still much higher than the national average. The Fed lowered its target interest rate three times in 2024. This has a ripple effect on deposit account rates, meaning now may be your last chance to lock in today’s high interest rates with a certificate of deposit (CD). Here are the best CD prices today, where you can find the best quotes.
As of May 12, 2025, the CD rate remains competitive, especially for shorter terms. Today, Goldman Sachs has a CD of up to 4.40% APY provided by Marcus on its 14-month CD. An open deposit of minimum $500 is required.
Nexbank also offers 4.40% APY on its 1-year CD. However, the minimum open deposit requires $25,000.
Here are some of the best CD prices our proven partners offer today.
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If you are considering using CDs, these rates are the highest, especially when compared to the national average price, which is significantly lower. It is also worth noting that online banks and credit unions generally offer more competitive interest rates than traditional brick-and-mortar banks.
Read more: What is a good CD rate?
Here are the average CD rates from April 2025 (the latest data available from FDIC) to the semester:
The national highest average interest rate for CDs was 1.77% over a 1-year period. However, overall, today's average CD rate represents some of the highest in nearly two decades, mainly due to the Fed's efforts to combat inflation by keeping interest rates higher.
If you are considering opening a CD, it is important to choose a C with a high APY and the length of your tenure matches your financial goals. Here are some tips for finding the best CD price and an account that matches your needs:
Shopping around: It is best to evaluate CD prices from various financial institutions and compare your options before resolving your account. You can easily compare CD rates online.
Consider online banking: Online banks tend to have lower overhead fees, which allows them to offer higher interest rates on CDs. In fact, online banks usually have the most competitive interest rates.
Check minimum deposit requirements: Higher CD rates may come with higher minimum deposit requirements, so make sure you plan to deposit an amount consistent with the requirement to get the best interest rate.
Review Account Terms and Conditions: In addition to CD speed, check out the terms of early withdrawal of fines and automatic update of policies. Some CDs offer better terms for flexibility, such as no culture CDs, where funds that are not charged before the due date can be withdrawn.