CD rates today, January 12, 2025 (up to 4.25% APR)

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Today’s interest rates on certificates of deposit (CDs) are amongst the very best we have seen in over a decade, thanks to several rate of interest increases by the Federal Reserve. However, the Fed ultimately lowered its rate of interest goal in September, so now could also be your last likelihood to keep your rate of interest competitive.

CD prices vary widely amongst financial institutions, so it is important to make sure that you are getting the very best possible rate when searching for CDs. Below is a breakdown of current CD rates and where to find the very best deals.

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Historically, long-term CDs have offered higher interest rates than short-term CDs. Generally, it’s because banks would pay higher rates to encourage savers to keep their money on deposit longer. However, in today’s economic climate, the other is true.

>;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;” class=”link yahoo-link”>See our picks for the best CD accounts available today >>

As of January 12, 2025, CD rates remain high by historical standards. However, the highest CD rates can be found for shorter terms of approximately one year or less.

Today’s highest CD rate is 4.25% APY, offered by Marcus through Goldman Sachs on a 1-year CD. A minimum deposit of $500 is required.

Here’s an overview of the best CD rates currently available from our verified partners:

The amount of interest you can earn on a CD depends on the annual percentage rate (APY). This is a measure of your total earnings after one year, taking into account the prime interest rate and how often interest accrues (CD interest typically accrues daily or monthly).

Let’s say you invest $1,000 in a one-year CD with a 1.81% APR and monthly interest. At the end of this year, your balance will grow to $1,018.25 – your initial deposit of $1,000 plus $18.25 in interest.

Now let’s assume you choose a 1-year CD that offers 4% APR instead. In this case, your balance would increase to $1,040.74 over the same period, which includes interest of $40.74.

The more you put into a CD, the more you can earn. If we take the same example of a one-year CD with a 4% APR but deposit $10,000, your total balance at maturity of the CD will be $10,407.42, which means you will earn $407.42 in interest. ​​

When choosing a CD, we usually think about the interest rate first. However, the rate is not the only factor to consider. There are several types of CDs that offer different benefits, although you may have to accept a slightly lower interest rate in exchange for more flexibility. Here’s an overview of some common types of CDs you can consider beyond traditional CDs:

  • Overclocked CD: : This type of CD allows you to claim a higher interest rate if your bank’s interest rates increase over the life of the account. However, you can usually only “raise” your bet once.

  • CD without penalty: : A CD, also known as a liquid CD, allows you to withdraw funds before maturity without paying a penalty.

  • Jumbo CDs: : These CDs require a higher minimum deposit (usually $100,000 or more) and often offer higher interest rates in return. However, in today’s CD rate environment, the difference between traditional and Jumbo CD rates may not be much.

  • Brokered CD: : As the name suggests, CDs are purchased through an intermediary, circuitously from a bank. Brokered CDs can sometimes offer higher rates or more flexible terms, but in addition they carry greater risk and will not be FDIC insured.

Rome
Romehttps://globalcmd.com/
Rome: Visionary Founder of the GlobalCommand Ecosystem (GlobalCmd.com | GLCND.com | GlobalCmd A.I.) Rome is the innovative mind behind the GlobalCommand Ecosystem, a dynamic suite of platforms designed to revolutionize productivity for entrepreneurs, freelancers, small business owners, and forward-thinking individuals. Through his visionary leadership, Rome has developed tools and content that eliminate complexity, empower decision-making, and accelerate success. The Powerhouse of Productivity: GlobalCmd.com At the heart of Rome’s vision is GlobalCmd.com, an intuitive AI-powered platform designed to simplify decision-making and streamline workflows. Whether you’re solving complex business challenges, scaling a new idea, or optimizing daily operations, GlobalCmd.com transforms inputs into actionable, results-driven solutions. Rome’s approach is straightforward yet transformative: provide users with tools that deliver clarity, save time, and empower them to focus on growth and achievement. With GlobalCmd.com, users no longer have to navigate overwhelming tools or inefficient processes—Rome has redefined productivity for real-world needs. An Ecosystem Built for Excellence Rome’s vision extends far beyond productivity tools. The GlobalCommand Ecosystem includes platforms that address every step of the user’s journey: • GLCND.com: A professional blog and content hub offering expert insights and actionable advice across business, science, health, and more. GLCND.com inspires users to explore new ideas, sharpen their skills, and stay ahead in their fields. • GlobalCmd A.I.: The innovative AI engine powering GlobalCmd.com, designed to turn user inputs into tailored recommendations, predictive insights, and actionable strategies. Built on the cutting-edge RAD² Framework, this AI simplifies even the most complex decisions with precision and ease. The Why Behind GlobalCmd.com Rome understands the pressure and challenges of running a business, launching projects, and making impactful decisions in real time. His mission was to create a platform that eliminates unnecessary complexity and provides clear, practical solutions for users. Whether users are tackling new ventures, refining operations, or handling day-to-day decisions, Rome has designed the GlobalCommand Ecosystem to meet real-world needs with innovative, results-oriented tools. Empowering Success Through Simplicity Rome’s ultimate goal is to empower individuals with the right tools, insights, and strategies to take control of their work and achieve success. By combining the strengths of GlobalCmd.com, GLCND.com, and GlobalCmd A.I., Rome has created an ecosystem that transforms how people work, think, and grow. Start your journey to smarter decisions and greater success today. Visit GlobalCmd.com and take control of your future.

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