Looking for the best certificate of deposit (CD) rates today? As of Nov. 5, 2025, Daniels-Sheridan Federal Credit Union is offering the best rate at 5.11% annual percentage yield (APY) for a 12-month CD. A minimum deposit of $500 is required.
CDs remain a low-risk way to grow your savings. Below, you'll find the best CD rates today by type, term length and category, plus tips for choosing the right one for your savings goals.
Check out today's top CD rates by term alongside the national average APY for each.
Rates held steady this week overall, but a new player has joined the ranks of top banks and credit unions tracked by GOBankingRates. R Bank is now offering the highest jumbo CD rate at 4.50% APY. Savers will need a minimum deposit of $100,000 to open one.
A $10,000 deposit in a one-year CD earning 5.11% APY will generate $511 in interest by the end of the term. These earnings are substantially more than what a standard checking or traditional savings account offers.
Here's a chart comparing different deposit amounts and what you could earn after one year and then five years.
The Federal Reserve has lowered interest rates for the second time this year, signaling that more cuts could be on the horizon. As a result, CD rates are expected to gradually decline from their recent highs.
Short-term CD rates could see the biggest changes, while long-term rates might stay steadier -- but likely lower than before. Still, some banks may keep offering competitive rates to bring in new customers.
If you're considering opening a CD, now could be a good time to lock in. With rates hovering between 4% and 5%, it may be near the peak of this rate cycle.
If you're considering investing in a CD, reflect on what works best for your financial strategy.
Consider CD laddering -- a strategy where you split your savings across multiple CDs with staggered maturity dates. This allows you to earn higher rates on longer-term CDs while still giving you periodic access to cash when each CD matures.
Understanding these common CD terms can help you make smarter choices when comparing accounts and rates.