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A certificate of deposit (CD) is a time deposit account in which your money accrues interest at a fixed yield for a set period of time, or term. CD terms typically range from as short as a few months to as long as five years, or even longer. However, if you withdraw your funds before the CD’s term ends, you’ll likely be charged an early withdrawal penalty, which is typically some or all of the interest you’ve accrued.
Find the best CD rates and recent interest rate trends from Bankrate below. Here are the current national average annual percentage yields (APYs) as of Friday, October 31, 2025, according to Bankrate’s most recent survey:
- 1-year CD yield: 1.96 percent APY
- 3-year CD yield: 1.67 percent APY
- 5-year CD yield: 1.7 percent APY
The national average rate for one-year and five-year CDs started to increase in February 2022, driven in part by rising Treasury yields and expectations of Federal Reserve rate increases. Since February 2023, the one-year CD average has been higher than the five-year CD average.
In October 2025, the Federal Reserve cut the federal funds rate by 0.25 percentage point to a target range of 3.75%–4.00%, its lowest level in about three years and the second straight cut this fall.
The Fed had already lowered the rate by 0.25 point at its September 2025 meeting (to 4.00%–4.25%) after beginning an easing cycle in late 2024, following the post-pandemic period of multi-decade-high rates in 2023.
Top nationally available CD APYs remain above 4% in many terms, and inflation has recently been running near 3% year over year, keeping real returns positive for many savers.
With the Fed easing and inflation still moderate, it can be worth comparing CDs across maturities to lock in rates that beat inflation while they last.
Bankrate’s take:
You can lock in a competitive yield with a CD. Savings accounts, on the other hand, usually have variable APYs. In an environment where CD rates might decrease in the future, a CD is an option to consider as long as you won’t need the money during the term. It’s important to determine your time horizon for money that’s being put into a CD, since CDs generally have an early withdrawal penalty.
Latest average CD APYs: 3-month trend
Bankrate monitors the national average rates on various CD terms, including:
| Date | 1-year CD | 3-year CD | 5-year CD |
|---|---|---|---|
| 10/27/2025 | 1.97% | 1.67% | 1.70% |
| 10/20/2025 | 1.97% | 1.67% | 1.70% |
| 10/13/2025 | 1.98% | 1.68% | 1.70% |
| 10/06/2025 | 1.97% | 1.67% | 1.70% |
| 9/29/2025 | 1.99% | 1.67% | 1.70% |
| 9/22/2025 | 2.00% | 1.68% | 1.70% |
| 9/15/2025 | 2.02% | 1.69% | 1.71% |
| 9/08/2025 | 2.03% | 1.68% | 1.70% |
| 9/01/2025 | 2.02% | 1.69% | 1.71% |
| 8/25/2025 | 2.04% | 1.70% | 1.71% |
| 8/18/2025 | 2.03% | 1.69% | 1.71% |
| 8/11/2025 | 2.02% | 1.67% | 1.69% |
| 8/04/2025 | 2.03% | 1.68% | 1.70% |
| 7/28/2025 | 2.03% | 1.68% | 1.70% |
How Bankrate calculates the national average
Bankrate has made enhancements to our national averages database on April 14, 2025, including ones that retroactively impact previous weeks’ listings in our table. Previous enhancements were also made in January 2025. Up to 1,300 banks and credit unions are surveyed weekly to generate the national averages. Among these institutions are those that are broadly available and offer high yields, as well as some of the nation’s largest banks.
Bankrate insight
Bankrate’s best CD rates can help you compare CD yields and find the right one for you.
Compare CD rates by term for October 2025
Current 6-month CD rates
- Bread Savings — 4.20% APY
- Quorum Federal Credit Union — 4.20% APY
- Limelight Bank — 4.15% APY
- Marcus by Goldman Sachs — 4.05% APY
- First Internet Bank of Indiana — 4.02% APY
See additional best 6-month CD rates.
Current 1-year CD rates
- Alliant Credit Union — 4.10%
- Limelight Bank — 4.05% APY
- M.Y. Safra Bank — 4.01% APY
- Morgan Stanley Private Bank — 4.00% APY
- Marcus by Goldman Sachs — 4.00% APY
See additional best 1-year CD rates.
Current 3-year CD rates
- The Federal Savings Bank — 3.95% APY
- Marcus by Goldman Sachs — 3.90% APY
- M.Y. Safra Bank — 3.87% APY
- Synchrony Bank — 3.75% APY
- TAB Bank — 3.75% APY
See additional best 3-year CD rates.
Current 5-year CD rates
- M.Y. Safra Bank — 3.91% APY
- Marcus by Goldman Sachs — 3.90% APY
- Sallie Mae — 3.90% APY
- The Federal Savings Bank — 3.80% APY
- Morgan Stanley Private Bank — 3.75% APY
See additional best 5-year CD rates.
Note: Annual percentage yields (APYs) shown are as of November 1, 2025. Bankrate’s editorial team updates this information weekly. APYs may have changed since they were last updated and may vary by region for some products.
Current CD rates FAQs
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