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Compare Your CD APY with the APY Checkpoint Tool

APY Checkpoint by CD Valet

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Check CD Rates with the APY Checkpoint Tool
Use CD Valet's secure, data-driven APY Checkpoint tool to assess how your CD rate stacks up against verified CD rates from our insured-deposit marketplace, designed to help you earn more on your savings.

See how your APY compares to today's national average
Don't settle for a low APY. Check how your CD rate stacks up against the rest.
APY Info
  • Select a term length you’re considering.
  • The gauge will automatically update to display current benchmarks for that term.
  • If a partner offer falls within the top 10% or top 25%, it will appear directly below the gauge.
  • Compare available offers using these benchmarks.
  • Use the insights to choose confidently, whether you’re planning short-term or locking in long-term.
How to Use This Tool
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APY Info
Enter your APY
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Market Position
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Your APY*
Enter your APY to unlock your market position
APY Rate Zones
Excellent
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Top 10% yield
Good
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Top 25% yield
Fair
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Above median yield
Bad
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Below median yield
Checkpoint Score
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Best Offer Available Today
X.XX%
iconX.XX% higher than yours
star-iconTop Pick
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Financial Institution Name
★5.0BauerFinancial Rating
APY updated on 09/30/2026
X.XX%APY*
icon X.XX% higher than yoursMember FDIC
Term:--
Min. Deposit:No Limit
Max. Deposit:No Limit
FDIC-Insured & NCUA-Insured CD Rates Recommended For You
These verified CD rates can help you earn more on your deposit.
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Compare CD Rates the Right Way
When you compare CD rates, it's important to look at verified CD rates for the same term and deposit amount, and to make sure they're from FDIC or NCUA insure
Frequently Asked Questions
What is the APY Checkpoint ?
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APY Checkpoint is a real-time interactive tool that compares your CD rate to the broader market and helps you instantly see whether your rate is competitive and if you can get an even better rate on CD Valet.
How do you use the APY Checkpoint ?
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Using the tool is simple. Enter your CD’s APY, term and deposit amount to see how your CD rate stacks up against more than 40,000 CD rates from 5,000+ banks and credit unions nationwide. Your current rate is assigned a Checkpoint Score ranging from Excellent to Bad, indicating how it ranks among the highest-yielding offers currently available. You’ll also see recommended CD offers from other financial institutions so you can explore potentially higher-return options available on CD Valet.
What is considered a good CD rate ?
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While interest rate is not the only factor to consider when comparing CDs, it plays a crucial role in determining your overall return. Even a few basis points can make a meaningful difference in potential earnings. It’s important to regularly benchmark your current rate against other offers available in the market. Comparing rates across similar terms can help you evaluate whether your CD is truly competitive or if better opportunities are out there.
What is APY on a CD ?
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Annual Percentage Yield — or APY — is the real rate of return you earn on a CD over one year, including the effect of compounding interest. It's the most reliable number for comparing CDs because it accounts for how often interest is added — monthly, quarterly, or daily.
What is a good APY for a CD right now ?
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Currently there are CD rates out there between 4.00% and 5.00% APY and even higher than 5.00%, but you are not likely to find them at big banks. That’s why shopping beyond your primary bank almost always yields a better rate. The most competitive CD rates on the market change weekly, but you can use the APY Checkpoint to see today's top rates and where your current yield stands.
How do I calculate CD interest ?
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To calculate CD interest, multiply your deposit amount by the CD's annual percentage yield and the length of the term, while accounting for compound interest. The total interest earned on a certificate of deposit depends on three factors: the initial deposit, the APY, and the term length. You can use this formula to calculate CD interest: Interest =Principal * (1 + APY)^Years - Principal. An Earnings Calculator can estimate your earnings automatically.
How is CD APY different from the interest rate ?
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The interest rate is the base rate the bank pays you. APY is slightly higher because it factors in compounding — earning interest on top of interest over time. The more frequently interest compounds, the bigger the gap. Always compare CDs using APY, not the interest rate alone.
What happens to my APY if I withdraw early ?
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Your stated APY assumes you hold the CD to maturity. If you withdraw early, the financial institution typically charges an early withdrawal penalty — typically 60 to 365 days of interest depending on the term. This can reduce your effective yield, and in some cases eat into your original deposit. Use the Early Withdrawal Penalty Calculator to see the exact impact before breaking a CD early.
  • CD Valet
  • The smart saver's trusted source for verified, high-yield CD rates from federally insured banks and credit unions.
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Overview


Tools

* Annual Percentage Yield (APY) for certificates of deposits are from the latest rate surveys which are updated as often as daily. Rates are based on publicly available data for CD products. Additional restrictions and requirements may apply. The APY assumes interest remains on deposit until maturity. Early withdrawal penalty may be imposed if funds are withdrawn prior to maturity. Fees and penalties may reduce earnings. The APY for variable CD Rates may change after the account is opened.

** Annual Percentage Yield (APY) for High Yield Savings Accounts (HYSA) are effective as of the date shown above. HYSA are variable rate accounts. Rates may change after the account is opened. Fees may reduce earnings. Additional restrictions and requirements may apply. Please review the account deposit agreement and fee schedule for the financial institution for further information regarding fees, terms, and conditions.

Tiered rates may be included in the account listings. Please refer to the financial institution's website for the full listing of any tiered rates. Visitors should independently verify all terms, conditions, and limitations including, but not limited to deposit insurance coverage, credit union eligibility and membership requirements. CD Valet is not a federally insured deposit institution; deposit insurance is offered through the bank or credit union. CD Valet is compensated by a limited number of financial institutions that have either contracted marketing services with CD Valet or have an Open Now or affiliate link on CD Valet. Visit our Privacy and Disclosure Center to read related disclosures and policies of CD Valet and its partners.

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