Top CD Rates Today: August 11, 2025 — Earn Up to 5.11% APY

Understanding the Best Certificate of Deposit (CD) Rates

If you're looking for a safe and reliable way to grow your savings, certificates of deposit (CDs) can be an excellent option. As of August 11, 2025, Daniels-Sheridan Federal Credit Union is offering one of the most competitive rates available with a 5.11% annual percentage yield (APY) on a 12-month CD. To open this account, a minimum deposit of $500 is required.

CDs are known for their low-risk nature, making them a popular choice for individuals who want to protect their savings while earning a return. Below, we explore the best CD rates by type, term length, and category, along with tips to help you choose the right CD for your financial goals.

Top CD Rates for August 11, 2025

From short-term to jumbo CDs, there are several options available that offer attractive returns. Here are some of the best CD rates currently available:

• 4-Year CD: Offered by the Credit Union of Atlanta at 4.35% APY with a minimum deposit of $500.
• Two-Year CD: EagleBank is now providing the highest rate at 4.40% APY, significantly above the national average of 1.77%.

These rates highlight how CDs can provide better returns compared to traditional savings accounts or checking accounts. For example, a $10,000 deposit in a one-year CD earning 5.11% APY would generate $511 in interest over the year.

How Much Can You Earn With a CD?

The potential earnings from a CD depend on the amount invested and the term length. A chart comparing different deposit amounts and potential earnings at one year and five years can help you understand the impact of varying terms and rates.

Will CD Rates Rise or Fall Next?

As of 2025, the Federal Reserve has not made any changes to interest rates. However, after cutting rates in late 2024, CD yields have declined from the highs seen in 2022 and 2023. Another rate cut is expected later this year, which could lead to further shifts in CD rates.

Short-term CD rates may dip more noticeably, while long-term rates might remain stable, though likely below recent highs. Despite this, some banks may continue to offer competitive rates to attract new customers. If you're considering opening a CD, now could be a good time to lock in current rates before they potentially decline further.

Should You Open a CD Account Today?

Deciding whether to open a CD depends on your financial strategy and goals. Here are a few considerations:

• Guaranteed Returns: Short-term CDs can secure a higher APY and allow you to reinvest if rates rise again.
• Liquidity Needs: If you don't need immediate access to your funds, a long-term CD can help grow your savings.
• Flexibility: No-penalty CDs allow you to earn interest while still having access to your funds.

A useful strategy is CD laddering, where you split your savings across multiple CDs with staggered maturity dates. This approach allows you to benefit from higher rates on longer-term CDs while maintaining periodic access to cash as each CD matures.

Glossary of CD Terms

Understanding key CD terminology can help you make informed decisions when comparing accounts and rates:

• Add-on CD: Allows for additional deposits after the initial funding.
• Brokered CD: Issued by a bank but sold through a brokerage firm, often offering higher rates or more term options.
• Bump-up CD: Enables account holders to increase their APY during the term, typically once.
• Early Withdrawal Penalty: A fee charged if you withdraw funds before the CD's maturity date.
• No-Penalty CD: Offers flexibility by allowing early withdrawals without penalties.
• Share Certificate: Similar to a CD but issued by a credit union.
• Jumbo CD: Requires a larger minimum deposit, often $100,000 or more.

Frequently Asked Questions About CDs

Here are some common questions about CD accounts:

• What is the highest-paying CD rate right now? As of August 8, 2025, the highest rate is 5.11% APY on a 12-month CD from Daniels-Sheridan Federal Credit Union.
• What should you consider when choosing a CD? Factors such as term length, interest rate, minimum deposit requirements, and early withdrawal penalties should be considered.
• Are there any 6% CDs? Currently, the top CD rate is 5.11% APY. While 6% rates aren't available, limited-time promotions may occasionally appear.
• Can you lose money on a CD? Generally, CDs are low-risk, and you won’t lose your principal if you choose FDIC-insured or NCUA-insured accounts. However, early withdrawals may result in penalties.

Comparing CD Rates

There are various types of CDs to consider based on your needs:

• Best 3-Month CD Rates
• Best 6-Month CD Rates
• Best 1-Year CD Rates
• Best 5-Year CD Rates
• Best No-Penalty CD Rates
• Best Jumbo CD Rates
• Best CDs With No Minimum Deposit Requirement

Each type offers different benefits and features, so it’s important to evaluate which one aligns with your financial goals. Always verify the terms and conditions of any CD before opening an account, as eligibility criteria, location restrictions, and other factors may apply.