Act fast if you want to lock in the best certificate of deposit (CD) rates now–especially for longer maturity terms–because the Federal Reserve has indicated that interest rate cuts will likely continue throughout 2025.
They offer a way to grow your savings in a more predictable manner with the ability to lock in interest rates for years at a time.
Additionally, CD rates tend to be higher than savings accounts. If you don’t need to access a portion of your money for an extended period of time, CDs can reward you with higher interest earnings.
We’ve reviewed and analyzed more than 150 CD products available from the largest banks nationwide and chose the best CD accounts based on their interest rates, early withdrawal penalties, and level of flexibility.
