Based on live rates as of
Is now a good time to open a CD?
Yes
Yes — locking in a CD now is generally favorable.
Top 12-month CDs pay 4.15% versus a 0.38% savings average — a 3.77-point edge. A CD fixes that rate for the full term, so if the Fed cuts you keep today's yield. The trade-off is access: your money is locked until maturity, so only commit cash you won't need.
Top 12-month CD
4.15%
Savings average
0.38%
This is general guidance from live SwitchWize rate data, not personalized financial advice. Verdicts reflect current rates and standard rules of thumb — run your own numbers before acting.