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A certificate of deposit (CD) is an hourly deposit account, where interest increases over a fixed yield over a period or period. CD terms usually range from just a few months to five years, and even longer. However, if you withdraw funds before the CD period ends, you may be charged an early withdrawal penalty. This is usually some or all of the interests you have developed.
Find current CD rates and recent interest rate trends at the bank rates below. According to the latest Bankrate survey, the current national average annual yield (APY) as of Thursday, May 29, 2025 is:
- CD yield per year: 2.01% APY
- 3-year CD yield: 1.7% Apy
- 5-year CD yield: 1.72% APY
The national average fees for CDs for 1 and 5 years began to increase in February 2022. This is partly due to rising expectations for Treasury yields and the Federal Reserve yields. Since February 2023, the average CD for one year has been higher than the average CD for five years.
In May 2025, authorities chose to hold the federal fund rate in a target range of 4.25-4.5%. They left this benchmark rate unchanged this year. This had not changed this benchmark rate after a total of 1% points, or 100 basis points, in the second half of 2024.
The competitive CD APY was gradually declining after the Fed’s interest rate cuts in September 2024. Ahead of the three 2024 interest rate cuts, the Fed had been holding high and high interest rates since July 2023 to tame inflation, but the high-yield CD rate has risen to historic highs.
Latest Average CD APY: 3 Month Trends
Bankrate monitors the national average rate in a variety of CD terms, including:
| date | 1 year CD | 3 Year CD | 5 years CD |
|---|---|---|---|
| 05/26/2025 | 2.00% | 1.69% | 1.70% |
| 05/19/2025 | 1.99% | 1.69% | 1.70% |
| 05/12/2025 | 2.00% | 1.69% | 1.71% |
| 05/05/2025 | 2.01% | 1.69% | 1.70% |
| 04/28/2025 | 2.01% | 1.68% | 1.69% |
| 04/21/2025 | 2.01% | 1.69% | 1.70% |
| 04/14/2025 | 2.01% | 1.69% | 1.70% |
| 04/07/2025 | 2.02% | 1.69% | 1.70% |
| 03/31/2025 | 2.02% | 1.69% | 1.69% |
| 03/24/2025 | 2.00% | 1.67% | 1.68% |
| 03/17/2025 | 2.01% | 1.67% | 1.67% |
| 03/10/2025 | 2.02% | 1.68% | 1.68% |
| 03/03/2025 | 2.01% | 1.68% | 1.69% |
| 02/24/2025 | 2.00% | 1.67% | 1.68% |
How Bank Rates Calculates National Average
Bankrate strengthened its National Average Database on April 14, 2025. Previous expansions were also made in January 2025. Up to 1,200 banks and credit unions are surveyed weekly to generate a national average. Some of these institutions offer a wide range of available institutions and high yields, as well as some of the nation’s largest banks.
Compare CD rates by May 2025 terminology
Current 6 months CD rate
- Rising Bank – 4.41%APY
- Popular direct – 4.40% Apy
- Bread savings – 4.35%Apy
- Limelight Bank – 4.35%Apy
- CIBC Bank USA – 4.31%APY
See the additional top six months CD rates.
Current one year CD rate
- Popular direct – 4.40% Apy
- Rising Bank – 4.35%Apy
- Bask Bank – 4.30%Apy
- Limelight Bank – 4.30%Apy
- Sallie Mae Bank – 4.20%Apy
See the additional best 1 year CD rates.
CD rate over the current three years
- Popular direct – 4.15%Apy
- Synchronization – 4.00%Apy
- Bread savings – 4.00% Apy
- Indiana’s First Internet Bank – 3.97% APY
- Federal Savings Bank – 3.95% APY
See the additional best 3 year CD rates.
CD rate over the current five years
- Popular direct – 4.20% Apy
- Synchrony Bank – 4.15%APY
- Bread savings – 4.00% Apy
- Indiana’s First Internet Bank – 3.97% APY
- Tab Bank – 3.81% APY
See the best 5 year CD rates for additional.
Note: The Annual Percent Yield (APY) is being updated weekly by the Bankrate editorial team as of May 29, 2025. APY may have changed since the last update and may vary depending on the region of some products.