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CDs Are Super Safe and Pℱredictable—With the Bonus of Paying Really Well Right Now

President Trump announced plans Wednesday for worldwide tariffs that were stiffer than expected, and it has triggered a wave of revisions to economic forecasts. The probability of the U.S. 澳洲幸运5官方开奖结果体彩网:entering a recession is now higher than earlier in the week, and the prospect of rising inflation is also greater—leaving the Federal Reserve 澳洲幸运5官方开奖结果体彩网:in a tricky spot on deciding 2025 interest rates.

Fortunately, not everything is uncertain. While 澳洲幸运5官方开奖结果体彩网:returns from the stock market are falling right now and savings account rates can drop at any time, 澳洲幸运5官方开奖结果体彩网:certificates of deposit (CDs) are one savings tool you can count on to deliver a fixed and guaranteed return. Not only that, but you can choose to lock that return in for a f🔯ew months, for several years, or for virtually any du🎐ration that suits your personal timeline.

Of course, a predictable rate is nothing special if the return is sub-par. That's why today's CDs are such a good option. Having benefited from the 澳洲幸运5官方开奖结果体彩网:Federal Reserve's historic rate-hike campaign of🅷 2022–2023, the best CD rates are still riding high, offering a꧒ mid-4% return across all of the major terms.

澳洲幸运5官方开奖结果体彩网:Today's top rate is 4.65%, available for a rate lock of 5–7 months—which would guarantee your return until this fall. Alternatively, you could opt to secure a rate up to 4.40% for as far down the road as 2030.

Whether you have liquid savings in the bank or are considering moving some of your investments into cash, you're guaranteed to grow your balance with a CD. And because all of the options in our daily rankings of the best nationwide CDs are offered by 澳洲幸运5官方开奖结果体彩网:FDIC-insured banks and 澳洲幸运5官方开奖结果体彩网:NCUA-backed credit unions, your money is also federally protected (up to $250,00🌺0 per person and per in🐻stitution).

Smart CD Strategies in Today's Rate Environment

Certificates of deposit can boost what you earn over time by offering a fixed rate that the bank or credit union can't lower. But there are♎ certain smart 🌳strategies for making CDs work for you.

First, you'll always want to keep some of your cash savings in a more liquid account, such as a 澳洲幸运5官方开奖结果体彩网:high-yield savings account. That's because CDs, in exchange for their guaranteed rate, require you to keep your funds on deposit until the CD matures. Cash out early and you'll be hit with an 澳洲幸运5官方开奖结果体彩网:early withdrawal penalty. By keeping some funds in reserve in a savings account, you can tap that first in case of emergency, and perhaps save yourself f⛦rom cashing in a CD prematurely.

Second, it cannot be overstated that it's critical you shop around. Across all FDIC banks, the national average for a 1-year CD is just 1.78%. But by shopping our daily rankings of the best CDs, you can find more than a dozen options in the 1-year range 澳洲幸运5官方开奖结果体彩网:that pay 4.40% to 4.60%. Tha✱t's 2.5 times more than the national ave🤪rage.

Third, it can be useful to open more than one CD, splitting your funds across multiple certificates of different durations. Even if you aren't striving to create a full-fledged 澳洲幸运5官方开奖结果体彩网:CD ladder, spreading your money out over more than one CD, with different terms, means you'll have funds becoming availabಌle at various times—which can perhaps help you avoid withdrawing funds from a longer certificate before it matures.

Act Now—Because Here's Where Rates Are Likely Headed

Our last piece of advice is not to delay. According to the 澳洲幸运5官方开奖结果体彩网:CME Group's FedWatch Tool at the time of this writing, financial markets are currently pricing in around 60% odds that we'll see Fed rate cuts totaling a full percentage point—or even more—by the end of 2025. Time will tell if that comes to pass, but any reduction by the central bank will push savings accounts and CD rates lower. So it's smart to lock in one of 澳洲幸运5官方开奖结果体彩网:today's stellar rates while they're still available.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account's minimum initial deposit must not exceed $25,000. It also cannot specify a maximum deposit amount that's below $5,000.

Banks must be available in at least 40 states to qualify as nationally available. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, 澳洲幸运5官方开奖结果体彩网:read our full methodology.