CD rates today, January 31, 2025 (up to 4.35% APY return)

CD Rates Overview: Certificate of deposit (CD) rates are currently declining due to the Federal Reserve's rate cuts, but some banks still offer competitive rates, with the highest reaching 4.35% APY for a 13-month CD from Synchrony Bank.

Choosing Financial Institutions: Online banks and credit unions often provide better CD rates due to lower overhead costs and profit-sharing models, making them worthwhile options for those seeking higher interest on their savings.