Top CD Rates: Banks Offer Competitive Returns in February 2025

As of the week of February 24, 2025, several banks are offering competitive Certificate of Deposit (CD) rates, providing attractive options for investors seeking stable returns. This week's top CD rates are highlighted below, based on data from various financial institutions.

Leading the pack is First National Bank of America, offering a 5-year CD with an annual percentage yield (APY) of 3.50%. This rate is significantly higher than the national average for 5-year CDs, which currently stands at around 2.50%. First National Bank of America also offers competitive rates for shorter-term CDs, with a 1-year CD yielding 2.00% APY and a 3-year CD yielding 2.75% APY.

Another bank offering attractive CD rates is Citizens Bank. Their 5-year CD has an APY of 3.25%, while their 1-year CD yields 1.50% APY and their 3-year CD yields 2.50% APY. Citizens Bank also offers a range of CD terms and rates for customers with different investment horizons and risk appetites.

Wells Fargo, a well-known financial institution, is also offering competitive CD rates. Their 5-year CD has an APY of 3.00%, with 1-year and 3-year CDs yielding 1.50% and 2.25% APY, respectively. Wells Fargo's CD offerings cater to a wide range of customers, from those seeking short-term investments to those looking for longer-term growth.

While these banks offer some of the best CD rates for the week of February 24, 2025, it is essential to consider other factors when choosing a CD. These factors may include the bank's reputation, customer service, and the availability of other financial products and services. Additionally, investors should be aware of the minimum deposit requirements and any early withdrawal penalties associated with the CDs.

In conclusion, the week of February 24, 2025, presents investors with several attractive CD options from leading financial institutions. By carefully evaluating the rates, terms, and other factors, investors can find the best CD to meet their financial goals and risk tolerance. As always, it is crucial to stay informed about market conditions and consult with a financial advisor before making any investment decisions.