CDs Are a Low-Risk Way to Grow Your Money. Today's CD Rates, Feb. 27, 2025

Key takeaways Today's best CDs offer up to 4.65% APY. CDs offer guaranteed returns, low risk and protection from bank failure. A CD can be a great fit for money you've earmarked for a specific savings goal. A savings account isn't the only place you can stash your cash. Don't overlook certificates of deposit. "In today's economy, where inflation and interest rates are fluctuating, CDs offer a safe way to park money and earn a guaranteed return," said Taylor Kovar, certified financial planner and CEO of 11 Financial. Today's best CDs offer annual percentage yields (APYs) up to 4.65% – more than three times the national average. It all depends on what you're looking for and your savings timeline. Though CDs are low-risk like savings accounts, they aren't as liquid as other investments. "If you're not looking to take big investment risks and you're OK locking up your money for a set period, a CD is a solid option," Kovar said. Is a CD right for you, and how much interest could you e ... Read full article.