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Certificates Of Deposit

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Explore CD basics

Man at laptop, deep in thought

The pros and cons of CD investing

Certificates of deposit offer peace of mind, but they’re not without some drawbacks.
By Libby Wells
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Tax considerations for certificate of deposit (CD) investors

Taxes on CD interest aren’t always clear-cut. Here’s what you need to know.
By Karen Bennett
4 min read
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CD ladder: What it is and how to build one

A CD ladder lets savers benefit from higher rates without locking up all your money in long-term CDs.
By René Bennett
5 min read

Stay updated on CD rate trends

DAILY

Today's CD rate news

Explore the highest CD rates by term every weekday and learn how economic trends can affect your rate.

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CD rates forecast for 2024

CD investors continue to benefit from strong yields, while inflation gradually slows. Here's what you need to know before the year ends.

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Historical rate trends

Discover how CD interest rates have changed from 1984 to present and what we can learn from analyzing historical economic data.

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WEEKLY

Current CD interest rates

Read up on top available rates and national average trends over time from Bankrate’s weekly survey of banks and credit unions.

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Weekly CD Rates

Bankrate consistently has offers well above the national average to help you earn more on your savings.

Bankrate Partner Average

3.99%APY
VS

National Average

2.01%APY

Experts in all things banking

Our expert writers and editors bring you timely news and reliable information - backed by data and first-hand experience.

About Bankrate's team
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

Calculate your estimated CD earnings

Enter your deposit amount along with the term and APY of the CD you are considering. See how much you could save when your CD reaches maturity.

Years
$ 11,677.40
Your total balance
    012345Year 1Year 2Year 3Year 4Year 5Your EarningsNational Ave...
    Interest earned by year month 5:
    		Your earnings $1677.40
    		 National Average $481.52
    Total interest earned = $1677.40

    Our partners regularly offer APYs that are 2-4x higher than the national average – so you can grow your savings faster.

    Learn more
    A collection of assorted items: old analog alarm clock, padlock, keys, a check, a hand holding cash

    What is a CD (certificate of deposit)?

    CDs often pay better interest than savings accounts and can amp up your nest egg.
    A young man researches in the library.

    How do CDs work? Learn about rates and terms

    CDs hold your funds for a set period. In exchange, you get a reliable return.
    A father multi-tasks with his young son.

    How to invest with CDs

    Savers, here are strategies to invest in CDs.
    woman working on her laptop at the kitchen table

    12 types of CDs: Which one is best for you?

    CDs come in many varieties, making it easy to find one that meets your needs.
    Middle aged woman on laptop

    How to open a certificate of deposit (CD)

    Everything you need to know about opening an account.
    woman using laptop in the kitchen

    Top 18 tips for CD savers

    These tips can help maximize your savings using certificates of deposit.
    A woman ponders

    What to do when a CD matures

    Find out what happens to CDs that are set to mature.
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    Best CD Rates

    Latest articles

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    Current CD rates for June 2025

    Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
    Jun 12, 2025
    Clocks are displayed across an image of a dollar bill.

    Historical CD interest rates: 1984-2025

    Take a look at the days when CDs were offering investors double-digit returns.
    Jun 06, 2025
    stacks of coin with dollar bill

    CD ladder: What it is and how to build one

    A CD ladder lets savers benefit from higher rates without locking up all your money in long-term CDs.
    May 29, 2025
    A long spiral staircase.

    Step-up CDs: What they are and how they work

    Step-up CDs can help you potentially earn a higher rate of return later on.
    May 27, 2025
    Illustration of safe with money

    The CD catch-22: Why locking up your money now could be risky

    CD rates may seem attractive, but in 2025’s uncertain environment, they create a lose-lose scenario that could cost you money.
    May 13, 2025
    A father multi-tasks with his young son.

    How to invest with CDs

    Savers, here are strategies to invest in CDs.
    Apr 29, 2025
    couple in the kitchen with bills

    Brokered CDs: What they are and how to buy them

    Here’s everything you need to know about brokered CDs.
    Apr 23, 2025
    Woman Inserts Cash Into Wallet

    Bump-up CDs: What they are and how they work

    If you think rates may rise again soon, a bump-up CD could be what you’re looking for.
    Mar 25, 2025
    Woman reaching in to the air for cash

    What is inflation? Here’s how rising prices can erode your purchasing power

    Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
    Jun 11, 2025
    Woman online banking with a tablet

    Regulation D and savings account withdrawal limits – here’s what changed

    How Reg. D impacts your savings account and why it pays to check with your bank.
    May 30, 2025
    Man using credit card while online

    Why are credit card APRs still so high?

    Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
    May 08, 2025

    How does the Federal Reserve affect mortgages?

    The Federal Reserve’s decisions have ripple effects, including for mortgages.
    May 07, 2025
    Design element including image of Jerome Powell

    Powell warns of higher inflation, unemployment as Fed keeps rates steady

    Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
    May 07, 2025
    US-ECONOMY-FEDERAL RESERVE-RATE-POWELL

    How the Federal Reserve affects business loans

    The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
    May 07, 2025
    Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

    Subprime cardholders still feeling the sting despite Fed holding rates steady

    Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
    May 07, 2025
    Banking_How-the-Fed-Rate-Affects-Housing_

    What the Fed’s continued rate pause means for homebuyers and sellers

    The Fed has hit the pause button on rates. How will it affect the housing market?
    May 07, 2025
    Man with shopping bags

    U.S. economy grew 2.6% in the fourth quarter, better than expected

    The U.S. economy expanded at a slower pace in the fourth quarter of 2018, but came in well ahead of estimates.
    Feb 28, 2019
    Jerome Powell at Fed meeting

    Fed Chair Powell grilled on stagnant wage growth in tight job market

    Powell faced criticism from Democratic congressmen for his positive evaluation of the job market despite a period of slow pay gains.
    Feb 27, 2019
    Jerome Powell speaks at Federal Reserve

    Powell justifies a ‘patient’ central bank on rate hikes during Senate testimony

    Federal Reserve Chairman Jerome Powell delivered a positive assessment of the U.S. economy that nonetheless faces some risks.
    Feb 26, 2019
    Wall Street in New York City

    Three-fourths of business economists are predicting a recession by 2021

    Experts are betting that a recession will occur by the end of 2021, a new survey suggests.
    Feb 25, 2019
    Federal Reserve building

    Fed minutes: Officials unsure on rate hikes, want plan to stop reducing balance sheet

    Will the Federal Reserve raise borrowing costs two times in 2019, as it initially anticipated? That’s a question even the officials on the inside can’t answer.
    Feb 20, 2019
    Man relaxed smiling

    Switching banks is a pain — this global movement could make it simple

    It could save you time when switching accounts and even inspire you to build a bank of your own.
    Jan 25, 2019
    Man and woman walking past Wells Fargo in Manhattan

    The latest Wells Fargo mishap shows small bank errors can give you a big headache

    Are bank mistakes giving you a headache? Here’s what to do.
    Oct 28, 2018
    People at working talking over computer

    Banks are switching to ‘dot-bank’ websites — here’s what that is

    A tweak to your bank’s online address might help you sidestep a scam.
    Aug 29, 2018
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