Best Cd Rates 2024 February Month.  — today's best cd rates are 5.75% from andrews federal credit union and 5.64% from financial resources federal credit union—with almost 30 more options paying 5.50% and up. But as the fed begins to see progress on inflation, financial experts anticipate one rate cut later this year.

A cd, short for certificate of deposit, is a type of savings account that usually offers a higher interest rate compared to regular savings accounts. Here are some of the top cd rates available right now and how much you could earn by depositing $5,000 right now: