{"id":400,"date":"2025-10-20T09:52:15","date_gmt":"2025-10-20T09:52:15","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=400"},"modified":"2025-10-20T12:07:56","modified_gmt":"2025-10-20T12:07:56","slug":"cd-rates-today-october-20-2025-rates-as-high-as-4-94","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/10\/20\/cd-rates-today-october-20-2025-rates-as-high-as-4-94\/","title":{"rendered":"CD Rates Today: October 20, 2025 \u2013 Rates As High As 4.94%"},"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
!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
A CD is a particular type of savings account<\/a><\/span> that pays a fixed interest rate for a set period of time. The benefit is that you’ll typically receive a better yield than what you could find from a high-yield savings account. The drawback is that you can’t touch the money before the CD matures without paying a withdrawal penalty. For instance, you could lose an entire year’s worth of interest<\/a><\/span> if you withdraw funds from a five-year CD before it reaches maturity. <\/p>\n Here’s a look at this week’s most competitive rates on certificates of deposit.<\/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 1.31%, 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 1.79%.<\/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 neighborhood, 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 1.81%, unchanged from 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 1.63%, flat to last week’s average.<\/p>\n Today, the highest rate on a three-year CD<\/a><\/span> stands at 4.26%, so you’ll want to shop around for that rate or something near it. The average APY is 1.56%.<\/p>\n On a five-year CD<\/a><\/span>, the highest rate today is 4.18%. APYs are averaging 1.58%, similar to last week.<\/p>\n The longer the term, the higher 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 early. Be absolutely certain you understand the penalty before you make your investment.<\/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 1.84%. <\/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 <\/a><\/span>Forecast<\/a><\/span>: How Good Will They Get?<\/a><\/span> <\/p>\n CD rates are rarely the same between any two banks, so you should comparison shop when looking for a new account. You may decide to stick with your current bank because it’s convenient or join a new bank to take advantage of higher rates.<\/p>\n To find the right CD, look at the specific term you’re interested in with a few different banks.<\/p>\n Traditional, brick-and-mortar banks tend to offer lower CD rates, in general, than online banks without any branches. For example:<\/p>\n Other top CD rates by banks include: <\/p>\n You “purchase” a CD from a financial institution by opening an account with a lump-sum deposit, which is your principal. Many CDs and share certificates (accounts similar to bank CDs but offered by credit unions) have minimum deposits you must meet, which typically range from a few hundred to several thousand dollars.<\/p>\n Once you deposit your principal, the clock starts on your timed investment, and you begin earning interest. The bank or credit union will provide you with regular statements showing how much you’re earning. You may accrue interest daily, monthly or quarterly.<\/p>\n Try not to tap your CD before the term ends. Early withdrawal penalties can be so severe that they negate your interest and then start eating into your principal.<\/p>\n \n<\/div>\n CDs typically pay higher interest than other savings vehicles, even the best high-yield savings accounts<\/a><\/span> and money market accounts<\/a><\/span>. And while they may not offer the kind of enviable returns that are possible with stocks, CDs beat the more attention-getting investments in one regard: They’re one of the safest places to put your money.<\/p>\n Investors lost millions in the 2022 crypto crash, and putting your money into the stock market, real estate or gold and other commodities can be risky, too. But when you buy a certificate of deposit or credit union share certificate from a federally insured financial institution, you can sleep easily with the knowledge that your investment is protected.<\/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 Traditional brick-and-mortar banks have far greater operating expenses than banks that only exist online. That’s why online banks are usually able to offer more attractive APYs on CDs – they have lower overhead costs, so they can afford to pay higher interest rates to customers.<\/p>\n<\/div>\nThis Week’s Best CD Rates<\/h2>\n
<\/p>\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 October 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