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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

4.04%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

    A large pile of cash next to a padlock

    Here’s how much $100,000 in a CD could earn you in 1 year

    A one-year CD can be a safe and worthwhile option, especially turning to high-yielding online banks or credit unions.
    Jul 08, 2025
    A young female researches on her phone.

    No-penalty CDs: What they are and how they work

    Here’s the lowdown on no-penalty CDs, and how they differ from regular CDs.
    Jul 07, 2025
    Woman watering plants.

    Current CD rates for July 2025

    Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
    Jul 03, 2025

    Is there still such a thing as a 5% CD?

    Currently, you can lock in annual percentage yields (APYs) on certificates of deposit (CDs) above 4 percent on many nationally available CDs, while a select few financial institutions offer promotional [...]
    Jun 30, 2025
    woman working on a laptop

    6 top tips for choosing the best CD for your money

    CDs can be a useful tool to save, but make sure to shop around for the right kind and bank for you.
    Jun 24, 2025
    Man working on laptop and cellphone simultaneously

    Why long-term CDs can be a smart choice in any rate environment

    If you’ve been thinking of getting a longer-term CD, you may want to make a move.
    Jun 20, 2025
    Coworkers discussing project and having work meeting

    CDs vs. share certificates: What’s the difference?

    Here are differences between CDs and share certificates, and which one to choose.
    Jun 16, 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
    Custom visual illustration of an emergency savings

    Inflation is crushing Americans’ savings — here’s 6 tips to protect your money

    Skyrocketing costs are causing a major hit to Americans’ financial security.
    Sep 21, 2022
    Prestigious government building with busy city life in front of it

    The U.S. economy could be at stake when Fed interest rates rise above this crucial level

    You might not be able to call rates historically low for much longer.
    Sep 21, 2022
    Fed Chair Jerome Powell Holds Press Conference

    This Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet

    Over time, a shrinking balance sheet could impact you more than a Fed rate hike.
    Sep 19, 2022
    Illustration of couple holding up large graphic of 100 dollar bill

    Survey: Half of workers who got a raise or higher-paying job say their pay didn’t keep up with inflation

    Americans aren’t reaping the benefits of the fastest wage growth in decades.
    Sep 14, 2022
    Illustration of American with money

    Survey: 69% of Americans are worried about a possible recession by the end of 2023

    Yet, the majority of Americans say they’re preparing for a recession.
    Aug 24, 2022
    A "Now Hiring" sign is displayed on a shopfront

    Want to know when a recession could be coming? Watch these 5 signs 

    The economy may still be on stable footing, but how long will it last?
    Aug 22, 2022
    A woman shops for groceries

    When is the next recession? Here’s what economists are saying

    It might not be here yet, but a recession could be coming.
    Aug 22, 2022
    Illustration of shopper with cell phone

    Americans are making regretted impulse buys on social media — why it’s a challenging time with surging inflation

    Some purchases could cost you hundreds more today than a year ago.
    Aug 15, 2022
    A large pile of cash next to a padlock

    Here’s how much $100,000 in a CD could earn you in 1 year

    A one-year CD can be a safe and worthwhile option, especially turning to high-yielding online banks or credit unions.
    Jul 08, 2025
    A young female researches on her phone.

    No-penalty CDs: What they are and how they work

    Here’s the lowdown on no-penalty CDs, and how they differ from regular CDs.
    Jul 07, 2025
    Woman studying a document and working on a laptop

    4 reasons to have multiple savings accounts

    Here’s how multiple savings accounts can help you reach your financial goals.
    Jul 07, 2025
    FDIC building in Washington DC

    FDIC insurance: What it is and how it works

    One of the most ubiquitous signs in a bank is “Member FDIC.” Here’s what it means.
    Jul 07, 2025
    person using mobile phone leaning on railing

    What is a second-chance checking account? Here’s everything you need to know

    A second-chance checking account is designed for those whose banking history may prevent them from opening a standard account. Those who apply for this account sometimes have past issues such as an unpaid [...]
    Jul 07, 2025
    woman looking at her phone while walking outside

    High-yield savings rates today: July 7, 2025 | Best APYs remain north of 4%

    Top savings APYs remain above 4%, with plenty of account options to choose from.
    Jul 07, 2025
    Woman watering plants.

    Current CD rates for July 2025

    Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
    Jul 03, 2025
    Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

    What is the average interest rate for savings accounts?

    Comparing savings rates can ensure you get the best return on your savings.
    Jul 03, 2025
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