Best CD Rates Today: August 5, 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 Aug. 5, 2025, Daniels-Sheridan Federal Credit Union is offering the best rate at 5.11% for a 12-month CD. A minimum deposit of $500 is required.
CDs remain a low-risk way to lock in a high return. Below, you’ll find the best CD rates by type and term length, plus tips for choosing the right one for your savings goals.
Best CD Rates for Aug. 5, 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 | 12 months | 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: 4-year CD
- APY: 4.35%
- Minimum deposit: $500
- Where to open: Credit Union of Atlanta
- Why we like it: A great option if you’re looking to lock in a solid return over four years without needing a large upfront 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% | 1.48% | $500 |
| Community Bank & Trust | 6 months | 4.60% | 1.91% | $500 |
| Daniels-Sheridan Federal Credit Union | 1 year | 5.11% | 2.03% | $500 |
| United Fidelity Bank | 18 months | 4.45% | 2.23% | $1,000 |
| EagleBank | 2 years | 4.40% | 1.77% | $1,000 |
| Credit Union of Atlanta | 3 years | 4.35% | 1.68% | $500 |
| Credit Union of Atlanta | 4 years | 4.35% | 1.84% | $500 |
| Copper Basin Federal Credit Union | 5 years | 4.33% | 1.70% | $1,000 |
CD Rate Movement Tracker
Rates held steady this week overall, but a new player has joined the ranks of top banks and credit unions tracked by GOBankingRates.
United Fidelity Bank is now offering the highest 18-month CD rate at 4.45% APY — a standout figure compared to the national average of just 2.23%.
How Much Can You Earn With a CD Right Now?
If you deposit $10,000 in a one-year CD at 5.11% APY, you will earn $511 in interest by the end of the term. These earnings are substantially more than what you would earn with a standard checking or traditional savings account.
Here is a chart comparing different deposit amounts and what you could earn at one year and at 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 so far in 2025. However, after cutting rates in late 2024, CD yields have declined from the highs seen in 2022 and 2023. With another rate cut expected later this year, CD rates are likely to continue fluctuating.
Short-term CD rates may dip more noticeably, while long-term rates could remain relatively stable — though slightly lower than recent peaks. Still, some banks may offer competitive rates to attract new customers.
Locking in a CD rate now could be a smart move. With rates between 4% and 5%, it may be near the peak of this rate cycle — offering an attractive opportunity for CD investors.
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 fixed 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 CD is a good way to grow your funds.
- Want flexibility with your savings? 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 or Charles Schwab. 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 credit unions. 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?
- As of Aug. 5, 2025, Daniels-Sheridan Federal Credit Union is 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 the following:
- Term length
- Interest rate
- Minimum deposit requirements
- Penalties for early withdrawal
- CDs are a safer investment, but be aware that you can't access your funds until the CD has reached maturity — otherwise, you could incur early withdrawal penalties.
- When selecting a CD, consider factors like the following:
- 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?
- Generally, CDs are considered a low-risk investment, and it's unlikely you'll lose your principal as long as you choose CDs from FDIC-insured banks or NCUA-insured credit unions. However, withdrawing funds before the maturity date can result in penalties that might reduce your earnings.
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 annual percentage yield. Institutions listed in the daily chart are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 5, 2025.
