The Best CD Rates Today, April 8, 2025: Up to 4.65% APY
KEY POINTS
- CDs currently offer up to 4.65% APY for terms under 12 months.
- Opening a CD is easy and can be completed in four simple steps.
- CDs provide stable returns, but high-yield savings accounts offer similar APYs with easier access to your funds.
You can grab CDs today with rates as high as 4.65%. Short-term CDs that mature in 12 months or less currently offer the top yields.
The Fed continues to hold rates steady for now, but cuts could come later this year. Therefore, it's wise to lock in these high rates while they last.
Below are some of the top CD choices available right now.
| 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 |
| LendingClub | 4.00% | 10 Months | $500 |
Why we picked these CDs
- Extremely competitive rates. Some CDs have slightly higher rates than those on our list, but most come with a catch.
- Low minimum deposits. The CDs above let you deposit as little as $500 to open.
- Online convenience. These CDs can be opened straight from the issuer's website, from the comfort of home.
- Available nationwide. The CDs on our list come from banks that anyone in the U.S. can join without jumping through hoops.
If you're looking for a solid CD from a trusted digital bank, LendingClub's 10-month CD is worth a look. It offers a 4.00% APY with just a $500 minimum deposit. It's available nationwide and easy to open online -- a great pick for savers who want both convenience and a competitive return. Explore LendingClub 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?
In mid-2024, CD rates started to decline as the Fed cut rates for the first time in four years. Despite this dip, CDs are still a solid choice. The Fed is keeping rates steady now, but more cuts could occur later this year.
Here's why CDs are worth considering:
- They offer stable and safe returns
- They protect against future rate drops during the CD term
- They're backed by FDIC insurance up to $250,000 per depositor, per bank
CDs provide low-risk, steady returns, but if you have a longer investment timeline or can handle more risk, the stock market might offer greater growth potential.
How to open a CD
Opening a CD is fast and easy. Follow these simple steps:
- Look around for the highest APY for your desired term.
- Check the fine print and ensure you can meet any minimum deposit requirements.
- Apply for an account online, through the bank's app, or over the phone. Approval is usually fast.
- Link your existing bank account to transfer funds. Keep in mind, you can only deposit once per CD.
Click here to explore the best CD rates and open a high-yield CD today.
After you open your CD, track its maturity date. Once your CD matures, the bank generally does one of two things, unless you direct them otherwise:
- Return your initial deposit plus interest
- Reinvest your funds in a new CD with the same term at the issuer's current APY
Banks typically offer a grace period of seven to 10 days after maturity for you to decide your next steps.
Earn up to 4.10% APY and retain access to 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 now offer APYs close to top CDs. They provide great returns without the long-term commitment. Enjoy the ease and freedom while watching your savings grow.
If you want to earn a competitive APY without locking up your money in a CD, the CIT Platinum Savings account is worth a look. It consistently offers one of the highest yields available at 4.10% APY for balances of $5,000 or more. Open a CIT Platinum 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.lendingclub.com/personal-savings/cd
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.