Current CD rates for August 2025

Morsa Photographs/ Getty Photographs; Illustrations by Austin Correction/Bankrate

A certificates of deposit (CD) is an hourly deposit account, the place curiosity will increase over a set yield over a interval or interval. CD phrases often vary from just some months to 5 years, and even longer. Nevertheless, in case you withdraw funds earlier than the CD interval ends, you might be charged an early withdrawal penalty. That is often some or the entire pursuits you might have developed.

Discover one of the best CD charges and up to date rate of interest traits from Bankrate under. In accordance with the newest Bankrate survey, the present nationwide common annual yield (APY) as of Monday, August 11, 2025 is:

• CD yield per 12 months: 2.03% APY
• 3-year CD yield: 1.67% APY
• CD yield over 5 years: 1.7% Apy

The nationwide common charges for CDs for 1 and 5 years started to extend in February 2022. That is partly as a consequence of rising expectations for Treasury yields and the Federal Reserve yields. Since February 2023, the typical CD for one 12 months has been increased than the typical CD for 5 years.

In July 2025, authorities selected to carry federal funding charges inside a goal vary of 4.25-4.5%. They left this benchmark fee unchanged this 12 months. This had not modified this benchmark fee after a complete of 1% factors, or 100 foundation factors, within the second half of 2024.

The aggressive CD APY was regularly declining after the Fed’s rate of interest cuts in September 2024.

However the excellent news for savers is that inflation stays decrease than high CD yields.

“High Yield CDs outweigh inflation and have yields above 4% throughout the maturity spectrum,” mentioned Greg McBride, CFA, Bankrate Chief Monetary Analyst. “The flexibility to lock that form of return for potential years is persuasive for savers seeking to scale back danger, generate earnings, or meet future money circulation wants.”

Previous to the three rate of interest cuts in 2024, the Fed had held rates of interest at excessive altitudes since July 2023 to tame inflation, however the high-yield CD fee has risen to its highest degree in over a decade.

Newest Common CD APY: 3 Month Developments

Bankrate screens the nationwide common fee in a wide range of CD phrases, together with:

How Financial institution Charges Calculates Nationwide Common

Bankrate strengthened its Nationwide Common Database on April 14, 2025. Earlier expansions have been additionally made in January 2025. As much as 1,300 banks and credit score unions are surveyed weekly to generate a nationwide common. A few of these establishments provide a variety of accessible establishments and excessive yields, in addition to among the nation’s largest banks.

Examine CD charges by August 2025 terminology

Present 6 months CD fee

• Morgan Stanley Non-public Financial institution – 4.45percentApy
• Bread financial savings – 4.45percentApy
• Limelight Financial institution – 4.45percentAPY
• Marcus by Goldman Sachs – 4.40% Apy
• Bank5 Join – 4.40percentApy

See the extra high six months CD charges.

Present one 12 months CD fee

• Bask Financial institution – 4.30percentApy
• Limelight Financial institution – 4.30percentApy
• Morgan Stanley Non-public Financial institution – 4.25percentApy
• Webbank -4.25percentApy
• Federal Financial savings Financial institution – 4.25% APY

See the extra finest 1 12 months CD charges.

CD fee over the present three years

• Morgan Stanley Non-public Financial institution – 4.10percentApy
• Fashionable direct – 4.10% Apy
• Synchrony Financial institution – 4.00% APY
• Bread financial savings – 4.00% Apy
• Indiana’s First Web Financial institution – 3.97% APY

See the extra finest 3 12 months CD charges.

CD fee over the present 5 years

• Morgan Stanley Non-public Financial institution – 4.20percentApy
• Synchrony Financial institution – 4.15percentAPY
• Fashionable direct – 4.10% Apy
• Fourleaf Federal Credit score Union – 4.00percentApy
• Indiana’s First Web Financial institution – 3.97% APY

See one of the best 5 12 months CD charges for extra.

Notice: Annual % Yield (APY) is being up to date weekly by the Bankrate editorial group as of August 7, 2025. APY might have modified because the final replace and will fluctuate relying on the area of some merchandise.

Present CD Charges FAQ

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