Best CD Rates Today: September 3, 2025 — Earn Up to 5.11% APY
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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Looking for the best certificate of deposit (CD) rates today? As of Sept. 3, 2025, Daniels-Sheridan Federal Credit Union is offering the best rate at 5.11% annual percentage yield (APY) for a 12-month CD. A minimum deposit of $500 is required.
CDs remain a low-risk way to grow your savings. Below, you’ll find the best CD rates by type, term length and category, plus tips for choosing the right one for your savings goals.
Best CD Rates for Sept. 3, 2025
From short-term to jumbo, here are some of the best CD rates available right now.
| Best For | Institution | Term | APY | Minimum Deposit |
|---|---|---|---|---|
| Overall rate | Daniels-Sheridan Federal Credit Union | 1 year | 5.11% | $500 |
| Short-term CD | Community Bank & Trust | 3 months | 4.71% | $500 |
| Long-term CD | KS State Bank | 7 years | 4.20% | $500 |
| No-penalty CD | Farmers Insurance Federal Credit Union | 9 months | 4.25% | $1,000 |
| Jumbo CD | Hughes Federal Credit Union | 17 months | 4.50% | $99,000 |
GOBankingRates Featured Pick
- Term: 7-year CD
- APY: 4.20%
- Minimum deposit: $500
- Where to open: KS State Bank
- Why we like it: This CD offers a competitive long-term rate, and you can open an account with a low minimum deposit.
Best CD Rates by Term Length
Check out today’s top CD rates by term alongside the national average APY for each.
| Bank Name | Term | APY | National Average APY | Minimum Deposit |
|---|---|---|---|---|
| Community Bank & Trust | 3 months | 4.71% | 1.33% | $500 |
| Community Bank & Trust | 6 months | 4.60% | 1.82% | $500 |
| Daniels-Sheridan Federal Credit Union | 1 year | 5.11% | 1.85% | $500 |
| State Employees’ Credit Union | 2 years | 4.40% | 1.66% | $250 |
| Credit Union of Atlanta | 3 years | 4.35% | 1.58% | $500 |
| Credit Union of Atlanta | 4 years | 4.35% | 1.58% | $500 |
| Copper Basin Federal Credit Union | 5 years | 4.33% | 1.87% | $1,000 |
CD Rate Movement Tracker
Rates are holding steady this week, with no changes among the top banks GOBankingRates tracks. While APYs didn’t shift, today’s leading rates still outpace national averages. For example:
- 3-year CD national average: 1.58%
- Today’s top 3-year CD rate: 4.35% from Credit Union of Atlanta
How Much Can You Earn With a CD Right Now?
A $10,000 deposit in a one-year CD earning 5.11% APY will generate $511 in interest by the end of the term. These earnings are substantially more than what a standard checking or traditional savings account offers.
Here’s a chart comparing different deposit amounts and what you could earn after one year and then five years.
| Deposit Amount | 1-Year at 5.11% APY | 5-Year at 5.11% APY |
|---|---|---|
| $1,000 | $51.10 | $282.98 |
| $5,000 | $255.50 | $1,414.90 |
| $10,000 | $511 | $2,829.81 |
| $20,000 | $1,022 | $5,659.62 |
| $25,000 | $1,277.50 | $7,074.52 |
Will CD Rates Rise or Fall Next?
The Federal Reserve hasn’t made any rate changes in 2025. However, after cutting rates in late 2024, CD yields have declined from the highs seen in 2022 and 2023.
Another rate cut is expected later this year, which means CD rates could continue to shift. Short-term CD rates may dip more noticeably, while long-term rates might hold steady — though likely below recent highs.
Still, some banks may keep offering competitive rates to bring in new customers. If you’re considering opening a CD, now could be a good time to lock in. With rates hovering between 4% and 5%, it may be near the peak of this rate cycle.
Final Take: Should You Open a CD Account Today?
If you’re considering investing in a CD, reflect on what works best for your financial strategy.
- Looking for guaranteed returns? A short-term CD can secure a higher APY and give you the option to invest in another CD if rates rise again.
- Don’t need liquidity? If you don’t need cash, a long-term CD is a good way to grow your funds.
- Want flexibility? A no-penalty CD lets you earn interest while still allowing early access to funds.
Pro Tip
Consider CD laddering — a strategy where you split your savings across multiple CDs with staggered maturity dates. This allows you to earn higher rates on longer-term CDs while still giving you periodic access to cash when each CD matures.
Glossary of CD Terms
Understanding these common CD terms can help you make smarter choices when comparing accounts and rates.
- Add-on CD: With an add-on CD, you can make subsequent deposits after your initial funding. A standard CD, on the other hand, limits you to one deposit at the beginning of the term.
- Brokered CD: This CD type is issued by a bank, but sold through a brokerage firm like Fidelity. These CDs can offer higher rates or a wider selection of terms than what’s typically available at a local bank.
- Bump-up CD: During the term of a bump-up CD, account holders can increase their APY without changing the term. Typically, only one bump-up is allowed. These CDs are also known as “raise-your-rate” CDs.
- Early withdrawal penalty: When you invest in a CD, you’re locked in for a specific term. Unless you have a no-penalty CD, you will incur an early withdrawal penalty if you withdraw funds before the maturity date.
- No-penalty CD: This is a special type of CD that will not penalize you for withdrawing funds prior to the maturity date.
- Share certificate: A share certificate is issued by a credit union. Typical CD accounts are usually issued by banks.
CD Rates FAQ
Got questions about CD accounts? Here’s what savers are asking most right now.- What is the highest paying CD rate right now?
- Daniels-Sheridan Federal Credit Union is currently offering the best rate at 5.11% for a 12-month CD.
- What should you consider when choosing a CD?
- When selecting a CD, consider factors like:
- Term length
- Interest rate
- Minimum deposit requirements
- Early withdrawal penalties
- CDs are generally safer investments, but many have an early withdrawal penalty if you access the funds before it matures. This reduces the overall return you could receive from the CD.
- When selecting a CD, consider factors like:
- Are there any 6% CDs?
- Currently, the top CD rate available today is 5.11% APY. While 6% APYs aren’t available in the current market, limited-time promotions do pop up occasionally so it’s a good idea to check back regularly to catch the most competitive rates.
- Can you lose money on a CD?
- It’s rare, but you can lose money if the bank or credit union isn’t FDIC- or NCUA-insured, or if the CD is tied to the market and the value drops.
Compare CD Rates
- Best 3-Month CD Rates
- Best 6-Month CD Rates
- Best 1-Year CD Rates
- Best 5-Year CD Rates
- Best No-Penalty CD Rates
- Best Jumbo CD Rates
- Best No-Penalty CD Rates
- Best CDs With No Minimum Deposit Requirement
- Best CD Accounts
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.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 3, 2025.
