What is a good CD rate right now?

Top CD rates currently fluctuate between 4.15% and 5.11% APY. Rates vary by term and institution.

Are CD rates going up or down?

The Federal Reserve cut rates twice this year, so current CD rates are moving downward.

How often do CD rates change?

There is no set time when CD rates change. They can often change around Federal Reserve meetings.

Are CDs worth it in 2025?

Yes, CDs are a good way to ensure set returns and are FDIC insured. You can also consider laddering as a strategy.

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Current CD Rates for November 10, 2025

November 10, 2025

5 min Read

Written by Rudri Patel

Edited by Elizabeth Constantineau

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Have extra cash? A certificate of deposit (CD) may be a good place to invest your funds. Currently, the best CD rate is 5.11% annual percentage yield (APY) for a 12-month term from Daniels-Sheridan Federal Credit Union, which requires a minimum deposit of $500.

CDs are federally insured — by the Federal Deposit Insurance Corporation (FDIC) for banks and the National Credit Union Administration (NCUA) for credit unions — and offer guaranteed returns. With rates still strong, it’s a good time to check out the current CD rates and lock in a top APY.

Current CD Rates by Term for Nov. 10, 2025

Term	Institution	APY	Minimum Deposit
3 months	Dow Credit Union	4.15%	$500
6 months	MutualOne Bank	4.33%	$500
12 months	Daniels-Sheridan Federal Credit Union	5.11%	$500
2 years	Mountain America Credit Union	4.20%	$500
5 years	Copper Basin Federal Credit Union	4.33%	$1,000

Editor’s Pick of the Day

Term: 1-year CD

APY: 5.11%

Minimum deposit: $500

Where to open: Daniels-Sheridan Federal Credit Union

Why we like it: Great for building returns quickly without tying up your funds long-term.

Why CD Rates Change

Banks set their own CD rates based on the economy, competition and their financial or marketing goals. One of the biggest influences on CD rates is the federal funds rate, which is the short-term interest rate set by the Federal Reserve’s Federal Open Market Committee.

When the Fed raises or lowers this rate, banks usually follow. A higher federal funds rate often leads to better CD yields, while rate cuts can cause them to drop.

Inflation and competition also play a role — when inflation is high or banks want to attract more deposits, they may offer higher APYs.

National Average CD Rates and Trends

Curious how CD rates have moved over time? Here’s a look at recent national averages and how they’ve shifted with the Fed’s rate changes.

National average CD rates rose sharply from mid-2022 through early 2024 as the Fed increased interest rates to fight inflation.
After two rate cuts in 2025, CD rates have started to level off and slightly decline.
Short-term CDs saw the biggest changes, while long-term rates have remained more stable.

CD Rate Outlook for Late 2025

The Federal Reserve’s second rate cut of the year signals that current CD rates could continue to edge lower through the end of 2025.

Currently, the best CD rates are hovering around 4.15% to 5.11%, with short-term CDs showing the most movement as markets adjust to the Fed’s policy changes.

If you want to capitalize on today’s top rates, consider opening a CD account soon — ideally one that aligns with your savings goals and won’t tie up cash you may need in the next two years.

What To Consider Before Opening a CD

Before locking in a rate, consider these key factors:

Early withdrawal penalties: Check how much interest you’d lose if you withdraw funds before maturity and whether the CD is non-callable.
Your timeline: Pick a CD term that matches your time horizon and when you’ll need access to your money.
APY and compounding: Confirm the APY and how often the interest compounds on your CD.
Insurance coverage: Make sure your CD is covered by the FDIC or NCUA and confirm the insurance limits.
Auto-renewal details: Note when your CD renews so you can withdraw or reinvest before it rolls over automatically.

Pro Tip: Try CD Laddering

If you want steady returns without locking up all your cash, consider a CD ladder. This strategy lets you:

Split your money across multiple CDs with staggered maturity dates.

Earn higher rates on longer terms while keeping some cash accessible sooner.

Reinvest each rung as it matures to take advantage of the best available APYs.

Final Takeaway

If you have extra cash and are looking for a safe place to invest the money, consider investing in a CD. Minimum deposits start around $500 and you could earn up to 5.11% APY. CDs are a simple, low-risk way to grow your money over time.

Current CD Rates FAQ

High CD rates are catching the attention of consumers looking for a no-risk way to earn interest on their savings. Here are some of the questions they're asking before opening an account:

What is a good CD rate right now?
- Top CD rates currently fluctuate between 4.15% and 5.11% APY. Rates vary by term and institution.
Are CD rates going up or down?
- The Federal Reserve cut rates twice this year, so current CD rates are moving downward.
How often do CD rates change?
- There is no set time when CD rates change. They can often change around Federal Reserve meetings.
Are CDs worth it in 2025?
- Yes, CDs are a good way to ensure set returns and are FDIC insured. You can also consider laddering as a strategy.

Compare CD Rates

Daria Uhlig contributed to the reporting for this article.

Methodology: GOBankingRates analyzes deposit rates from banks and credit unions with nationwide availability. The best rates are identified from this group by focusing on APY. Institutions listed in the daily chart are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.

Financial institutions may require certain eligibility criteria — such as membership, existing accounts or location-based restrictions — to open an account or qualify for the listed rates. Always verify account terms, conditions and regional availability with the institution before applying.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Nov. 10, 2025.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.