The certificate offers the highest deposit rates up to 4.20% APY (annual yield) from March 30, 2026.
With the Federal Reserve cutting its federal funds rate three times by 2025 and many banks cutting their CD and savings rates in response, investing in CDs now while rates are still high could be a smart move.
Currently, the CD with the highest annual yield on our list is the 9-month CD from Newtek Bank, which earns 4.20%. The last one is Bread Savings with a 9-month CD that earns 4.15%.
Below, you will find a list of CDs with terms from 1 month to 10 years, compiled in partnership with financial services data company Curinos to help you make the best possible decision for your situation.
Today’s best CD deals
Here are the current CD rates as shown in the Curinos report:
The highest CD prices according to today’s time
What the Fortune / Curinos combination means for your CD plan
Good luck has partnered with Curinos, a firm with decades of experience in finance and analytics, to collect the highest CD APYs on the market. We receive a daily report from Curinos with CD products from many financial institutions. Using those reports, we create a list of CDs that can help you get the most profit no matter how long you need.
For advice
Looking for the best CD that fits your investment needs? Check out the rates for the top institutions:
– Wells Fargo
-First Capital
– Chase
-Bank of America
– Find a Bank
– Northern Bank Direct
– Ally Bank
– Newtek Bank
– Known directly
– Citibank
– Sallie Mae Bank
How much interest can you get on a high APY CD?
How much interest your CD will earn depends on factors such as the initial deposit amount, term length, APY, and how often your interest compounds. Below are a few pointers to help you understand the different scenarios and why looking for a CD with a high APY is worth your time.
Example: Earn $1,000+ in interest versus $300+ in interest
These ideas take an initial deposit of $5,000 and compound monthly.
As you can see, buying the highest-priced CDs for the time you need can save you hundreds of dollars in profit compared to opening a low-APY CD at your big brick-and-mortar bank.
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CD charge history
In the early 1980s, CD prices rose to double digits, a stark contrast to today’s low-end products. However, in 2019, the APY for a five-year CD was a hair above 3.00%.
In the early 2020s, prices rose over 5.00% as the economy worked through the Covid-19 pandemic. Five years later, we find most CD rates still hovering in the 3.00%-4.00% range.
Here’s a look at how CD rates for different terms have changed through 2025, according to FDIC numbers. Note that in our list, you will find much higher rates than the average yield for any period.
How the Federal Reserve Affects Your CD Options
As of this writing, the federal funds rate stands at 3.50%-3.75%. The Federal Open Market Committee (FOMC) meets eight times a year, and its next meeting is scheduled for April 28-29.
Time traders know that CD market rates closely follow the Federal Reserve’s monetary policy decisions, particularly changes in the fed funds rate. That benchmark rate is what banks charge each other to lend money overnight.
To summarize, the Fed tends to lower the federal funds rate when it wants to make borrowing cheaper, and raise it to make borrowing more expensive. For example, the central bank lowered this rate to zero precisely during the coronavirus pandemic in order to prevent recession. Then, with inflation and skyrocketing prices taking a toll, the Fed raised rates again and again.
How to choose the best CD account
The first thing you’ll need to consider is how long you’re comfortable locking up your money, as many CDs charge early withdrawal penalties. You can often find a higher APY on, say, a six-month CD compared to a 10-year CD. However, the latter protects you over the long term against banks cutting their interest rates if the Fed lowers its benchmark rate.
When looking for the highest APY in the market, consider that online-only agencies can offer more products than brick-and-mortar stores. That’s because online banks and credit unions can avoid the high costs required to maintain physical branches, and can transfer money to customers based on a good interest rate.
Some important factors to consider when comparing CDs include:
- Length of time. Make sure it fits your savings goals and time frame.
- APY. Conventional wisdom has been that higher rates are offered over longer periods of time. But that is not what we have seen in the market in the past months.
- Minimum deposit Make sure you can meet the required first degree.
- Penalties. Understand the costs associated with early retirement.
- Deposit insurance. Make sure the bank is insured by the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA) to keep your money safe.
CD versus high yield savings account
If you’re willing to accept that financial institutions can change your savings account APY at any time, while CDs offer a guaranteed rate for the term of the account, a high-yield savings account offers more money. For short-term cash, such as an emergency fund, HYSA is the best option.
What’s more, the right savings account can offer returns equal to or even higher than what you can get with a CD. It’s currently possible to get APYs between 4.00% and 5.00% with some of the highest yield savings accounts on the market.
In most cases, the highest savings account rates will come from online banks—for the same reasons we mentioned earlier that online institutions can offer higher CD yields than brick-and-mortar banks.
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