The Best CD Rates Today, April 13, 2025: Up to 4.65% APY
KEY POINTS
- Highest CD rate available today: 4.65% APY.
- If you believe that rates will fall in the near term, now could be an excellent time to lock in a CD.
- CDs provide stable returns, but high-yield savings accounts offer similar rates with more flexibility.
Want to grow your savings quickly? CDs now offer rates between 4.50% and 4.65%. Short-term CDs, those maturing within a year, currently lead the way.
The federal funds rate is steady at this time, but a decrease (or two) might occur in the second half of 2025. Securing these rates now could be wise before they fall.
Explore the top CD rates available today.
| Bank | APY | Term | Minimum Deposit |
|---|---|---|---|
| OMB | 4.65% | 7 Months | $1,000 |
| United Fidelity Bank | 4.60% | 10 Months | $1,000 |
| Brilliant Bank | 4.55% | 9 Months | $1,000 |
| Marcus by Goldman Sachs | 4.50% | 14 Months | $500 |
| Ponce Bank Direct | 4.50% | 3 Months | $500 |
Why we chose these CDs
- Competitive rates. A few CDs out there might offer more, but there's usually a catch.
- Open easily. You can open these CDs with as little as $500.
- Online convenience. Open them from your sofa through the issuer's website.
- Nationwide access. These banks welcome everyone from across the U.S. with open arms.
If you're looking for a solid CD from a trusted digital bank, Discover® Bank CDs are worth a look. Discover offers a much wider range of CD terms than most issuers -- from 3 months all the way up to 10 years! These CDs are available nationwide and are easy to open online -- a great pick for savers who value flexibility and a $0 minimum deposit requirement. Explore Discover CD rates here.
The Best CD Rates From Our Partners Today
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Discover® Bank CD
Member FDIC.
Open Account for Discover® Bank CD
On Discover Bank's Secure Website. |
APY:
4.00%
|
Term:
1 Year
|
Min. Deposit:
$0
|
Open Account for Discover® Bank CD
On Discover Bank's Secure Website. |
|
APY:
4.00%
|
Term:
10 Months
|
Min. Deposit:
$500
|
Open Account for LendingClub CD
On LendingClub's Secure Website. |
|
|
APY:
4.30%
|
Term:
6 Months
|
Min. Deposit:
$1
|
Open Account for
On Secure Website. |
Want to find the best CD for your timeline and goals? Explore top rates by term:
- Best CD Rates -- Our expert picks for the top accounts available today
- Best 6-Month CD Rates -- Short-term savings with fast access
- Best 12-Month CD Rates -- Solid returns with just a 1-year commitment
- Best 5-Year CD Rates -- Maximize earnings over the long haul
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Should you open a CD now?
Despite a decline since mid-2024, CD rates remain elevated. Although the Federal Reserve has currently opted to hold the federal funds rate steady, experts widely predict that rate reductions are probable later in 2025.
Now could be a great time to lock in a CD if you want safe, guaranteed returns on your cash and you want to protect your savings from the possibility of near-term interest rate cuts.
Top CDs are backed by FDIC insurance, which protects deposits of up to $250,000 per person, per bank, in case of a bank failure. Although CDs present minimal risk, other investment avenues, like the stock market, might provide opportunities for higher returns.
How to open a CD
Opening a CD is quick and simple. Just follow these steps:
- Search for the highest APY that suits your term needs.
- Read the details and check if you can meet the minimum deposit.
- Apply online using the bank's app, or call them. Approval often takes just minutes.
- Connect your bank account and transfer your money.
Remember, each CD allows only one deposit. Plan your amount wisely. When you're ready, click here to explore the best CD rates and open a high-yield CD today.
Once you've opened your CD, keep an eye on its maturity date. When a CD matures, the bank will typically do one of two things unless you say otherwise:
- Pay out your initial deposit plus your earnings as cash
- Reinvest your funds in a new CD with the same term (but potentially a different APY)
Most banks give you a grace period of seven to 10 days after the CD's maturity date to make a decision.
Earn up to 4.10% APY without locking up your cash
For a high APY with added flexibility, consider a high-yield savings account. These accounts let you:
- Deposit and withdraw money anytime
- Move funds quickly to other accounts
- Simply stash cash, avoiding the work CDs require at maturity
While savings rates can change, high-yield savings accounts currently offer APYs close to top CDs. They provide great returns without the long-term commitment, making either one a good choice now, depending on your savings goals.
If you want to earn a competitive APY without locking up your money in a CD, the LendingClub LevelUp Savings account is worth a look. It consistently offers one of the highest yields available at 4.40% APY with $250+ in monthly deposits. Open a LendingClub LevelUp Savings account here.
Our Picks for the Best High-Yield Savings Accounts of 2025
| Product | APY | Min. to Earn | |
American Express® High Yield Savings Account
Member FDIC.
APY
3.70%
Rate info
3.70% annual percentage yield as of April 25, 2025. Terms apply.
Min. to earn
$0
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
3.70%
Rate info
3.70% annual percentage yield as of April 25, 2025. Terms apply.
|
$0
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
CIT Platinum Savings
Member FDIC.
APY
4.10% APY for balances of $5,000 or more
Rate info
4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn
$100 to open account, $5,000+ for max APY
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
4.10% APY for balances of $5,000 or more
Rate info
4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY
|
$100 to open account, $5,000+ for max APY
|
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Barclays Tiered Savings
Member FDIC.
APY
4.10%
Rate info
Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%.
Min. to earn
$0
Open Account for Barclays Tiered Savings
On Barclays' Secure Website. |
4.10%
Rate info
Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%.
|
$0
|
Open Account for Barclays Tiered Savings
On Barclays' Secure Website. |
-
Sources
- https://www.ombbank.com/personal-banking/personal-savings/certificates-of-deposit/7-month-high-yield-special
- https://www.unitedfidelity.com/high-yield-certificates-of-deposit/
- https://www.brilliant.bank/cds/
- https://www.marcus.com/us/en/savings/high-yield-cds
- https://www.poncebankdirect.com/personal/certificate-of-deposit
FAQs
-
If you want secure, steady growth for your money, now is a good time to open a CD. Rates are high, offering generous returns. However, ensure you won't need the cash soon, as CDs lock in your funds for a fixed term.
-
Many think the Federal Reserve will cut rates this year, which could result in lower CD rates. However, if inflation climbs and the Fed raises rates instead, CD rates could increase. Rate movements aren't certain, and timing is unclear.
-
Right now, CD rates can be found up to 4.65%. The highest CD rates are on short-term CDs. Those are CDs with terms of 12 months or less. Shop around and compare rates to find the most competitive rate for the term you want.
Our Research Expert
Managing editor for Motley Fool Money. James has worked full-time for The Motley Fool since 2012. A longtime editor and former reporter, James oversees the production and quality of Motley Fool Money's editorial content.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.