{"id":287,"date":"2025-09-29T10:07:55","date_gmt":"2025-09-29T10:07:55","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=287"},"modified":"2025-09-29T12:14:21","modified_gmt":"2025-09-29T12:14:21","slug":"cd-rates-today-september-29-2025-rates-tick-lower","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/09\/29\/cd-rates-today-september-29-2025-rates-tick-lower\/","title":{"rendered":"CD Rates Today: September 29, 2025 \u2013 Rates Tick Lower"},"content":{"rendered":"
The best interest rates on CDs (certificates of deposit) currently top out at 4.94%, depending on the term. Here’s a look at how CD rates are trending, along with an overview of the best rates for various terms.<\/p>\n
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A CD is a specific type of savings account<\/a><\/span> (known as a time deposit account) that comes with a fixed interest rate and a maturity period. CDs, depending on the yield, typically offer better yields than high-yield savings accounts. The tradeoff is that you can’t access your cash until the CD matures, otherwise you’ll owe a withdrawal fee. The longer the term, the harsher the early withdrawal penalty. It’s not unusual to lose one full year’s worth of interest or more<\/a><\/span> if you break open a five-year CD too soon. Be absolutely certain you understand the penalty before you make your investment.<\/p>\n !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); <\/p>\n Three-month CDs<\/a><\/span> are a good option for short-term savings goals. The current average rate on a three-month CD sits at 1.32%, but the highest rate is 4.38%. The average rate is unchanged from a week ago.<\/p>\n A six-month CD<\/a><\/span> offers a nice blend of high yields and short-term time commitment, and the highest yield you can find is 4.94%, about the same as last week. The current average APR<\/a><\/span> for a six-month CD is 1.8%.<\/p>\n The highest interest rate currently available on a one-year CD\u2014one of the most popular CD terms\u2014is 4.84%. If you land a rate in that vicinity, you’ve found a good deal. That rate hasn’t changed much since last week.<\/p>\n The average APY, or annual percentage yield, on a one-year CD is now 1.82%, down from 1.84% a week ago.<\/p>\n If you can hold out for two years, 24-month CDs<\/a><\/span> today are being offered at interest rates as high as 4.4%. That’s the same as this time last week.<\/p>\n The average APY for the CD is 1.64%, flat to last week’s average.<\/p>\n Today’s highest rate on a three-year CD<\/a><\/span> is 4.26%, so you’ll want to shop around for that rate or something near it. The average APY stands at 1.56%.<\/p>\n On a five-year CD<\/a><\/span>, the highest rate today is 4.26%. APYs are averaging 1.58%, similar to last week.<\/p>\n If you opt for a five-year CD, make sure you’re aware of the early withdrawal penalty. It’s not unusual to lose one full year’s worth of interest or more<\/a><\/span> if you break open a five-year CD before it matures.<\/p>\n The best rate today on jumbo CDs<\/a><\/span> is 4.94% for a 6-month term. As with non-jumbo, various term lengths are available. The average APY for the 6-month CD is currently 1.85%, versus 1.86% last week.<\/p>\n Most jumbo CDs require a minimum deposit of $100,000\u2014and some even require $250,000. However, there’s no universally agreed-upon definition regarding what qualifies as a “jumbo” CD. Some banks and credit unions slap the label “jumbo” on CDs you can open with $50,000, $25,000 or even less.<\/p>\n Related:<\/strong> CD Interest Rates Forecast: How Good Will They Get?<\/a><\/span><\/p>\n Digital banks tend to have an edge over traditional outfits thanks to lower overhead costs and the need to offer top-of-market yields to attract new customers.<\/p>\n Take Chase Bank (traditional), Capital One (hybrid) and Synchrony Bank (online).<\/p>\n Be sure to compare a few options with the types of banks you’re most comfortable with.<\/p>\n Other top CD rates by banks include:<\/p>\n To open a CD<\/a><\/span>, start by establishing an account with a bank and making a one-time, upfront payment, which constitutes your principal. Many banks require you to deposit a minimum amount\u2014which can be anywhere from hundreds to thousands of dollars\u2014to open a CD. At credit unions, CDs are often referred to as share certificates.<\/p>\n The timer on your CD term begins once you deposit your principal. You begin earning interest, and the bank or credit union will provide you with monthly or quarterly statements reflecting how much you\u2019re accumulating.<\/p>\n Since early withdrawal penalties eat into your earnings, it’s in your best interest to avoid tapping your CD before the term matures. In some cases, you may even face early withdrawal penalties so stiff they cut into your principal.<\/p>\n \n<\/div>\n If you want the best interest rate on your savings, CDs are usually your best bet, outpacing even the best high-yield savings accounts<\/a><\/span> and best money market accounts<\/a><\/span>. You will have to do without the money for as long as the term lasts; otherwise you’ll owe an early withdrawal penalty.<\/p>\n Even still, you may not be that impressed since potential investments, such as stocks, tend to outperform CDs over the long haul. Why settle?<\/p>\n The issue is that stocks, and even bonds, are much more volatile than CDs. Stocks crashed nearly 20% in 2022, while bonds dropped 13%. Imagine a fifth of your savings going “poof” over the course of a year. Not a happy thought, is it?<\/p>\n CDs and stocks perform different roles in your overall financial plan. CDs are a depot for a portion of your savings you don’t need immediately, while stocks provide solid long-term returns. You don’t want to risk cash you’re depending on.<\/p>\n The Federal Deposit Insurance Corp. provides you with up to $250,000 in coverage in the event the bank issuing your CD ever fails. For share certificates purchased from federal credit unions and most state-chartered credit unions, the National Credit Union Administration<\/a><\/span> insures your money up to the same limit.<\/p>\n CD rates generally fluctuate the most following the Federal Reserve’s decisions to raise, lower or maintain the federal funds rate. The federal funds rate is the rate at which banks lend money to each other overnight. The Fed makes decisions about the funds rate eight times per year when the Federal Open Market Committee (FOMC) meets.<\/p>\n<\/div>\nAverage CD Rates<\/h2>\n
Today’s 3-Month CD Rates<\/h2>\n
Today’s 6-Month CD Rates<\/h2>\n
Today’s 1-Year CD Rates<\/h2>\n
Today’s 2-Year CD Rates<\/h2>\n
Today’s 3-Year CD Rates<\/h2>\n
Today’s 5-Year CD Rates<\/h2>\n
Today’s Jumbo CD Rates<\/h2>\n
Other Top CD Rates by Term<\/h2>\n
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Best CD Rates Offered by Banks in September 2025<\/h2>\n
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How CDs Work<\/h2>\n
Find The Best CD Rates Of 2025<\/h2>\n
\n\t\t\t\tLearn More<\/span>
\n\t\t\t<\/a>\n\t\t<\/div>\n<\/div>\n<\/div>\nAre CD Rates Worth It?<\/h2>\n