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Certificates Of Deposit

Bankrate provides comparison tools, educational content, and the latest rate news to help you find the best CD offer.

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Explore CD basics

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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

4.13%APY
VS

National Average

2.03%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 July 2025

    Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
    Jul 31, 2025
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    4 key factors that determine CD rates

    Understanding what determines CD rates can help you decide whether to get one.
    Jul 30, 2025
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    Is an IRA certificate of deposit (CD) tax deductible?

    Looking to score more tax deductions? IRA CDs might be for you.
    Jul 28, 2025
    Woman doing financial paperwork

    How to renew a certificate of deposit (CD)

    Better to let a CD automatically renew or cash it in? Here’s a guide for those looking to renew.
    Jul 28, 2025
    Image of bonds and cash

    CDs vs. bonds: How they compare and which is right for you

    Consider these important factors before investing in bonds and CDs.
    Jul 24, 2025
    A graph showing an upward trend from 2025 to 2026. The trendline is made of cash

    Here’s how much investing $10,000 in a CD right now could earn you in 1 year

    If you have $10,000 to invest in a CD right now, here’s how much you could earn.
    Jul 14, 2025
    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
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    5 best investments that hedge against inflation, and others to avoid

    Here are five of the best inflation hedges to help protect your portfolio against inflation.
    May 07, 2025
    Residential area with architectural homes on Main Street

    Will HELOC rates keep falling?

    And if so, how low can they go?
    May 02, 2025
    Donald Trump sitting at a desk in the Oval Office.

    Should bond investors beware Trump tariffs? How tariffs are hitting bonds

    Tariffs are an import tax on foreign-made goods, and they act like a sales tax.
    Apr 24, 2025
    Jerome Powell, chair of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting.

    The Fed keeps rates steady while warning of increasingly uncertain economic outlook

    Uncertainty over President Donald Trump’s policies is keeping the Fed on the sidelines, at least for now.
    Mar 19, 2025
    Illustration of Fed Chair Jerome Powell

    March Fed meeting recap: Powell acknowledges that Trump tariffs are already boosting inflation as Fed keeps rates steady

    Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
    Mar 19, 2025
    Illustration of Fed Chair Jerome Powell

    Trump’s tariffs are raising fears of a recession. What can the Fed do about it?

    Still wrestling with inflation, Fed officials might not be so quick to rescue the economy.
    Mar 19, 2025
    A person researches on a laptop.

    Are CDs worth it right now? Here’s what experts say

    Learn when a CD is worth it, when it is not, and alternatives to consider in 2025.
    Feb 24, 2025

    More people are taking out HELOCs. Here’s why

    Home equity lines of credit are growing in size and volume.
    Feb 17, 2025
    Ally Bank logo

    Ally money market account rates

    Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
    Aug 01, 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 31, 2025
    Illustration of construction workers on a roof

    How to start (and build) an emergency fund

    An emergency fund is an essential part of a solid financial plan.
    Jul 31, 2025
    Person folds his hands in front of their face

    What to do if a bank rejects you for a checking account

    A bank may deny you a checking account. Here is what you can do next.
    Jul 31, 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 31, 2025
    Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025

    Fed holds interest rates steady, resisting pressure from Trump

    Officials are worried about cutting interest rates too soon as Trump’s tariffs push up inflation.
    Jul 30, 2025
    Federal Reserve Chair Powell Holds Press Conference On Interest Rates

    July Fed Meeting Recap: FOMC keeps rates steady, while Powell says a September cut is uncertain

    Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
    Jul 30, 2025
    Federal Reserve Eccles Building illustration

    Fed’s interest rate history: The federal funds rate from 1981 to the present

    Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
    Jul 30, 2025
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