In an environment of interest rates, it is more important than ever to ensure that your savings earn a solid return. Putting money in the deposit certificate (CD) is one smart way of locking today’s elevated prices before they disappear.
In fact, many banks and credit unions offer CD rates of 4% apy and more. And the best rates can be found at your local bank or credit union.
Use the next map to see the highest CD rate available in each country. You can transfer between banks and credit unions to find a financial institution that fits your needs.
Note: CD rates are correct from March 13, 2025. Always check the information and account information directly with the financial institutions before opening the account.
The highest CD rate is competitive in the US, which today five countries had the highest rate.
The highest rate of CDs can be found in Texas. Limited time, Abilene teachers Federal Credit Union (AFTCU) offers a 7-month savings certificate at 7.50% APY. The minimum opening deposit for this account is $ 500, and the maximum investment of $ 7,500.
There are several ways you can qualify Join ATFCU::
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Live, work, attend school or fight in Taylor or Callahan counties
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You are connected to the current member or are you associated with someone who is eligible for joining (even if they have decided not to join)
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You are an employee of a public school system in Texas district that is eligible
You must open a savings account for membership with a minimum USD $ 25 deposit to determine your credit union membership. Once you join, you can open a CD.
Read more: What is a section certificate?
Financial partners Credit Union (FPCU) offers a second CD price in the country on an 8-month certificate. Members can earn 6.00% APY with minimal opening of deposits of $ 1,000 and a maximum deposit of $ 5000. This offer is only available to new members in Los Angeles, Orange, Riverside or San Diego County; City southern San Francisco; And the city of Alamed, California.
To Join the FPCU -uYou have to live, work or go to school in Los Angeles, Orange, Riverside or San Diego County, or the city of South San Francisco or Alameda, California. You are also acceptable if you are an employee or retired one of the selected employers of FPCU employers.
If you are eligible to join, you can establish membership by depositing at least $ 25 to a savings account. Your membership is then active and fastened to live, even if you change your job or move away from these California communities.
The Credit Union, based in Utah, offers a 6-month CD that pays 5.30% of APy-more than three times more than a national average for 6 months of CD. The minimum opening deposit for this account is $ 1,000.
Membership with firefighters a credit union It is open to full, fee and volunteer firefighters for the Utah fire brigades, as well as employees with full or short -time working hours of any fire service located in Utah. You can also join if you are a retired firefighter from the Utah Fire Department. Immediate members of the family of current members in a good position can also join.
Read more: 7 credit unions anyone can join
Currently, this credit union offers a 12-month CD that pays 5.11% apy. Although the account requires the minimum opening of a $ 1,000 deposit, you will need a balance of at least $ 100,000 to earn the highest advertised rate.
Fort Smith Dixie Cup Federal Credit Union has been operating since 1949 and offers Employees of Dixie Cup Fort Smith or Rock-Tenn from Fort Smith. Spouses and children of members also have the right to join. Membership application is available at any credit union location, and a deposit of $ 25 or more is required to open an account. Once you become a member, you are a member of life.
Daniels-Sheridan Federal Credit Union currently offers a 12-month CD to 5.11% apy. A minimum deposit of $ 500 is required.
Every person who resides, adores, attends a school or work in an acceptable Montana district – as well as their immediate family members – are . Once you are a member, your membership is good for life, even if you are moving.
CDs are not a one-size financial product. Several factors need to be considered before opening a CD.
The annual percentage rate of CD or APY represents how much your balance will earn in one year when factoring of complex interest rates. APY is one of the most important factors that are estimated because it affects how much your balance will grow over time. However, this should not be the only decisive factor in which you choose.
Read more: What is the annual percentage of yield (apy)?
The term CD refers to the length of time that you have to keep your money on the deposit to earn interest and avoid penalties. Conditions can range from several months to several years.
Choosing the length of the right deadline is reduced to the savings lane and at the disposal of the interest rate. Often long-term CDs pay more favorable interest rates as a prize to lock money in a long period. However, if the interest rates are in the fall (as they are now), this may not be the case. That is why it is important to buy and compare different conditions and rates from different financial institutions to find the best CD for you.
Read more: Is the 10-year CD rate worth?
The minimum opening deposit is the minimum amount of money you need to deposit on the CD to open the account. Some financial institutions require only a few dollars, while others could require several thousand dollars. When assessing the CD, consider how much you have saved and what minimum deposit amount you make sense to you.
Read more: What is the typical minimum balance of deposit certificate?
The withdrawal of funds from the CD before reaching maturity will result in an early punishment. Usually this is expressed as part of your earned interest. Before you open the CD, be sure to read a tiny print and find out how much you might cost you if you need to get your money out early.
Read more: What is the CD punishment for early withdrawal?
Most banks and credit unions offer CDs. What is right for you depends on your banking needs and priorities when it comes to things such as fees, technology and services to customers.
However, you are not limited to your local community when it comes to finding a high-yield CD. Banks only on the network are increasingly popular banking option, and many offer highly competitive interest rate deposits without fees. In addition, these accounts can be opened from any place in the country.
Read more: 10 Best Internet Banks 2025
CD rate data provided CDWebsite and a mobile application that provides comprehensive and impartial CDs CDs from one to five years from local and national financial institutions. Prices are correct from March 13, 2025.
