Best CD Rates This Week: Take Advantage of the Fed's Rate Cut While You Can Rates are on the way down so the sooner you act, the more you could stand to earn.

With promotional 6- and 8-month CD terms currently available, customers in Boca Raton, Fla. are eligible for Ocean Bank’s highest available CD rate for a 6-month term at 4.80% APY.

For example, you might open a 5-year CD now, a 4-year CD next year and a 3-year CD the year after that. Then, in 2030, you'll have the returns of all three CDs to use to your advantage.

Skyla Credit Union: Up to 4.40% APY A regular 2-year CD at Skyla Credit Union earns a competitive 3.90% APY. A jumbo version of this account, which requires $100,000 to get started, earns 4.00% APY.

Lock in today's best rates in decades on certificates of deposits on a range of CD terms — from 6 months to 5 years.

So, for example, it makes sense to consider a 3-month CD, a 6-month CD or a 9-month CD. For short-term CD accounts, Pedersen says CD rates are around 4%. Find out what CD rates you could lock in now.

Best CD Rates This Week: Act Now to Take Advantage of the Fed's Rate Pause APYs are slipping so lock in a high one while you still can.