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Best CD Rates of April 2025 (Up to 4.50%)

Review Updated
Brendan Byrnes
Author: Brendan Byrnes
Brendan Byrnes
Brendan Byrnes

Currently Managing Director of Motley Fool Money, Brendan has worked full-time for The Motley Fool since 2011. He has written hundreds of articles for The Motley Fool and provided analysis on TV outlets including CNBC and Fox. He holds a degree in finance from Virginia Tech.

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| 1 other [ + ]
Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
Fact checker

Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

Looking for a safe, high-yield way to grow your cash? Certificates of deposit (CDs) are a secure way to grow your cash at a fixed rate for a set period. They're easy, safe, and offer some of the highest rates available. While the federal funds rate isn't directly linked to CD rates, they usually follow the same trend -- and with rates trending down in recent months, now's a great time to lock in a rate before they dip further.

We've rounded up our favorite CD accounts based on APY, bank reliability, and fees. Find the right one, lock in your rate, and start earning today!

  • Our team of experts assessed 100+ banking institutions
  • We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
  • Our bank ratings are never influenced by our advertising partners
  • We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Best CD rates

Ratings Methodology
Rates as of March 6, 2025
Best CD rates of April 2025
Bank & CD Offer APY Term Min. Deposit Next Steps
Member FDIC.
APY: 3.75% Term: 1 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 4.00% Term: 1.5 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 4.00% Term: 1 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: 3.25% Term: 1 Year Min. Deposit:  $500
Open Account for

On Secure Website.

APY: 4.10% Term: 1.5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: 3.80% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 5 Year Min. Deposit:  $0
Read Review
APY: 4.35% Term: 6 Months Min. Deposit:  $500
Read Review
APY: 4.19% Term: 1 Months Min. Deposit:  $1
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 1 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.25% Term: 3 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.50% Term: 3 Months Min. Deposit:  $1,000
Read Review
Valley Bank CD
Member FDIC.
APY: 4.10% Term: 3 Months Min. Deposit:  $500
APY: 3.61% Term: 3 Months Min. Deposit:  $10,000
Read Review
APY: 4.30% Term: 3 Months Min. Deposit:  $1
Read Review
Member FDIC.
APY: 2.25% Term: 3 Months Min. Deposit:  $1,000
Read Review
Ponce Bank CDs
Member FDIC.
APY: 3.50% Term: 3 Months Min. Deposit:  $500 or $1,000, depending on term
Member FDIC.
APY: 4.40% Term: 3 Months Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: up to 4.37% Term: 3 Months Min. Deposit:  $1,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 3 Months Min. Deposit:  $1,000
APY: 2.90% Term: 3 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 3.80% Term: 3 Months Min. Deposit:  $1,500
Read Review
APY: 2.00% Term: 3 Months Min. Deposit:  $500
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Months Min. Deposit:  $500
APY: up to 2.01% Term: 3 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
Read Review
Member FDIC.
APY: up to 4.15% Term: 4 Months Min. Deposit:  $1,000
Read Review
Truist CD
APY: 4.00% Term: 5 Months Min. Deposit:  $2,500 for 7- to 31-day terms; $1,000 for 32 days to 60-month terms
Member FDIC.
APY: 3.00% Term: 5 Months Min. Deposit:  $500
Read Review
APY: 4.00% Term: 5 Months Min. Deposit:  $2,500
Read Review
Huntington Bank Promotional CD
Member FDIC.
APY: 4.34% Term: 5 Months Min. Deposit:  $1,000
APY: 4.15% Term: 5 Months Min. Deposit:  $500
Read Review
First National Bank Special CD
Member FDIC.
APY: 4.00% Term: 5 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 3.90% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 4.25% Term: 6 Months Min. Deposit:  $1,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: up to 4.05% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 3.95% Term: 6 Months Min. Deposit:  $2,500
Read Review
APY: 3.00% Term: 6 Months Min. Deposit:  $500
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 4.30% Term: 6 Months Min. Deposit:  $1,000
HSBC CD
APY: 3.90% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.25% Term: 6 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 1.50% Term: 6 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: up to 4.29% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 4.15% Term: 6 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 3.70% Term: 6 Months Min. Deposit:  $0
Read Review
APY: 4.15% Term: 6 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.10% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 6 Months Min. Deposit:  $0
Read Review
APY: 3.60% Term: 6 Months Min. Deposit:  $500
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.50% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.45% Term: 6 Months Min. Deposit:  $10,000
Read Review
APY: 4.30% Term: 6 Months Min. Deposit:  $500
Read Review
APY: up to 2.01% Term: 6 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
Read Review
Member FDIC.
APY: 4.15% Term: 6 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.30% Term: 6 Months Min. Deposit:  $1,000
Read Review
Ponce Bank CDs
Member FDIC.
APY: 3.80% Term: 6 Months Min. Deposit:  $500 or $1,000, depending on term
Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $0
Read Review
APY: 4.30% Term: 6 Months Min. Deposit:  $1
Read Review
APY: 4.14% Term: 6 Months Min. Deposit:  $10,000
Read Review
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 4.25% Term: 6 Months Min. Deposit:  $500
APY: 4.00% Term: 6 Months Min. Deposit:  $1
Read Review
APY: 3.80% Term: 6 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 1.00% - 3.00% Term: 6 Months Min. Deposit:  $250.00
Read Review
Member FDIC.
APY: 4.50% Term: 6 Months Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: 0.05% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 4.20% Term: 6 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.45% Term: 6 Months Min. Deposit:  $1,000
Read Review
APY: 3.45% Term: 6 Months Min. Deposit:  Varies
Read Review
Valley Bank CD
Member FDIC.
APY: 4.05% Term: 6 Months Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.15% Term: 7 Months Min. Deposit:  $500
Read Review
APY: up to 4.01% Term: 7 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
Read Review
Member FDIC.
APY: up to 3.80% Term: 7 Months Min. Deposit:  $1,000
Read Review
Ponce Bank CDs
Member FDIC.
APY: 4.40% Term: 7 Months Min. Deposit:  $500 or $1,000, depending on term
APY: 4.14% Term: 7 Months Min. Deposit:  $1,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 4.00% Term: 7 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 4.00% Term: 9 Months Min. Deposit:  $2,500
Read Review
Huntington Bank Promotional CD
Member FDIC.
APY: 3.05% Term: 9 Months Min. Deposit:  $1,000
APY: 3.65% Term: 9 Months Min. Deposit:  $1
Read Review
Member FDIC.
APY: 3.75% Term: 9 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.25% Term: 9 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 1.00% - 4.00% Term: 9 Months Min. Deposit:  $250.00
Read Review
APY: 4.30% Term: 9 Months Min. Deposit:  $500
Read Review
APY: 3.90% Term: 9 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 2.00% Term: 9 Months Min. Deposit:  $1,000
Read Review
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.54% Term: 9 Months Min. Deposit:  $10,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 9 Months Min. Deposit:  $1,000
APY: 4.00% Term: 9 Months Min. Deposit:  $0
Read Review
APY: 4.00% Term: 9 Months Min. Deposit:  $1
Read Review
Member FDIC.
APY: 3.00% Term: 9 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.00% Term: 9 Months Min. Deposit:  $1,000
Read Review
APY: 0.05% Term: 9 Months Min. Deposit:  Varies
Read Review
Member FDIC.
APY: 3.80% Term: 9 Months Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: 4.40% Term: 9 Months Min. Deposit:  $1,000
Read Review
Federally insured by NCUA.
APY: 4.25% Term: 10 Months Min. Deposit:  $500
Read Review
APY: 4.04% Term: 11 Months Min. Deposit:  $1,000
Read Review
APY: up to 4.01% Term: 11 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
Read Review
APY: 4.00% Term: 11 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: up to 3.25% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.10% Term: 1 Year Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: up to 4.55% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.00% Term: 1 Year Min. Deposit:  $500
Read Review
APY: 3.90% Term: 1 Year Min. Deposit:  $1,000
Read Review
Valley Bank CD
Member FDIC.
APY: 4.00% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 1.00% - 3.75% Term: 1 Year Min. Deposit:  $250.00
Read Review
APY: 4.27% Term: 1 Year Min. Deposit:  $10,000
Read Review
APY: 4.00% Term: 1 Year Min. Deposit:  $500
Read Review
APY: 2.78% Term: 1 Year Min. Deposit:  $5,000
Read Review
Member FDIC.
APY: 4.00% Term: 1 Year Min. Deposit:  $5,000
Read Review
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Read Review
APY: 4.20% Term: 1 Year Min. Deposit:  $1,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 1 Year Min. Deposit:  $1,000
APY: 3.75% Term: 1 Year Min. Deposit:  $1
Read Review
APY: 3.90% Term: 1 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 4.30% Term: 1 Year Min. Deposit:  $10,000
Read Review
APY: 4.34% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.85% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Read Review
APY: 4.25% Term: 1 Year Min. Deposit:  $500
Read Review
APY: 0.75% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 4.25% Term: 1 Year Min. Deposit:  $1
Read Review
APY: 4.25% Term: 1 Year Min. Deposit:  $500
Read Review
APY: 3.90% Term: 1 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.21% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 3.85% Term: 1 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 4.35% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 2.95% Term: 1 Year Min. Deposit:  Varies
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 4.15% Term: 1 Year Min. Deposit:  $1,000
Read Review
APY: 3.55% Term: 1 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.00% Term: 1 Year Min. Deposit:  $1,000
Read Review
HSBC CD
APY: 3.90% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.50% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $1,000
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $1,000
APY: 4.15% Term: 1 Year Min. Deposit:  $2,500
Read Review
APY: 1.50% Term: 1 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $0
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.30% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 3.80% Term: 1 Year Min. Deposit:  $1,000
Read Review
Ponce Bank CDs
Member FDIC.
APY: 3.95% Term: 1 Year Min. Deposit:  $500 or $1,000, depending on term
Member FDIC.
APY: 4.40% Term: 1 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.00% Term: 13 Months Min. Deposit:  $500
Read Review
APY: 0.75% Term: 13 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.00% Term: 13 Months Min. Deposit:  $500
Read Review
APY: 4.35% Term: 13 Months Min. Deposit:  $0
Read Review
Member FDIC.
APY: 3.25% Term: 13 Months Min. Deposit:  $1,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.75% Term: 13 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.85% Term: 15 Months Min. Deposit:  $500
Read Review
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.34% Term: 15 Months Min. Deposit:  $10,000
Federally insured by NCUA.
APY: 4.30% Term: 16 Months Min. Deposit:  $500
Read Review
Member FDIC.
APY: 1.20% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
APY: 3.70% Term: 1.5 Year Min. Deposit:  $0
Read Review
APY: 4.00% Term: 1.5 Year Min. Deposit:  $500
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 4.55% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.85% Term: 1.5 Year Min. Deposit:  $0
Read Review
APY: 3.95% Term: 1.5 Year Min. Deposit:  $500
Read Review
APY: 2.95% Term: 1.5 Year Min. Deposit:  Varies
Read Review
APY: 3.70% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 3.00% Term: 1.5 Year Min. Deposit:  $250.00
Read Review
APY: 1.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.90% Term: 1.5 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 3.85% Term: 1.5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: up to 4.30% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.40% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
APY: 3.80% Term: 1.5 Year Min. Deposit:  $0
Read Review
APY: 3.80% Term: 1.5 Year Min. Deposit:  $0
Read Review
APY: 3.80% Term: 1.5 Year Min. Deposit:  $2,500
Read Review
Ponce Bank CDs
Member FDIC.
APY: 3.60% Term: 1.5 Year Min. Deposit:  $500 or $1,000, depending on term
Member FDIC.
APY: 3.80% Term: 1.5 Year Min. Deposit:  $1,500
Read Review
APY: 3.72% Term: 1.5 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 4.15% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 2.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.16% Term: 1.5 Year Min. Deposit:  $1,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 4.10% Term: 1.5 Year Min. Deposit:  $10,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 19 Months Min. Deposit:  $5,000 or $10,000, depending on term
Federally insured by NCUA.
APY: 4.30% Term: 22 Months Min. Deposit:  $500
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.10% Term: 2 Year Min. Deposit:  $1,000
APY: 3.75% Term: 2 Year Min. Deposit:  $500
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $500
APY: 4.11% Term: 2 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.10% Term: 2 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 3.50% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.50% Term: 2 Year Min. Deposit:  $5,000
Read Review
APY: 3.93% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.06% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 2 Year Min. Deposit:  $500
Read Review
Valley Bank CD
Member FDIC.
APY: 3.60% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: up to 4.60% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 3.75% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 2 Year Min. Deposit:  $0
Read Review
APY: 4.10% Term: 2 Year Min. Deposit:  $500
Read Review
APY: 1.00% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.70%% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 2.91% Term: 2 Year Min. Deposit:  $5,000
Read Review
Member FDIC.
APY: 0.50% - 1.01% Term: 2 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.20% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.80% Term: 2 Year Min. Deposit:  $0
Read Review
Ponce Bank CDs
Member FDIC.
APY: 3.50% Term: 2 Year Min. Deposit:  $500 or $1,000, depending on term
Vanguard Brokered CD
Member FDIC.
APY: 4.60% Term: 2 Year Min. Deposit:  $1,000
APY: 3.55% Term: 2 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 2.00% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 1.80% Term: 2 Year Min. Deposit:  $500
Read Review
APY: 3.75% Term: 2 Year Min. Deposit:  $2,500
Read Review
HSBC CD
APY: 3.50% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 2 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: up to 3.55% Term: 2 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 1.20% Term: 2 Year Min. Deposit:  $1,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.50% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 4.17% Term: 2 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 2 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 1.00% - 3.00% Term: 2 Year Min. Deposit:  $250.00
Read Review
APY: 2.95% Term: 2 Year Min. Deposit:  Varies
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 25 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.00% Term: 25 Months Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 30 Months Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 30 Months Min. Deposit:  $0
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 35 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.00% Term: 35 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.91% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 3 Year Min. Deposit:  $500
Read Review
APY: 3.40% Term: 3 Year Min. Deposit:  $2,500
Read Review
Truist CD
APY: 3.50% Term: 3 Year Min. Deposit:  $2,500 for 7- to 31-day terms; $1,000 for 32 days to 60-month terms
Member FDIC.
APY: 2.85% Term: 3 Year Min. Deposit:  $5,000
Read Review
Member FDIC.
APY: 1.00% - 2.75% Term: 3 Year Min. Deposit:  $250.00
Read Review
Member FDIC.
APY: 4.00% Term: 3 Year Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: up to 4.60% Term: 3 Year Min. Deposit:  $1,000
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 4.60% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.00% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 3.77% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 4.00% Term: 3 Year Min. Deposit:  $500
Read Review
APY: 3.50% Term: 3 Year Min. Deposit:  $0
Read Review
Ponce Bank CDs
Member FDIC.
APY: 2.85% Term: 3 Year Min. Deposit:  $500 or $1,000, depending on term
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.20% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 1.75% Term: 3 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 4.55% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 0.35% Term: 3 Year Min. Deposit:  Varies
Read Review
APY: 3.25% Term: 3 Year Min. Deposit:  $500
Read Review
APY: 4.00% Term: 3 Year Min. Deposit:  $0
Read Review
APY: 3.50% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 1.50% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 3.50% Term: 3 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $1,000
Read Review
APY: 3.60% Term: 3 Year Min. Deposit:  $0
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.00% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.10% Term: 3 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 3.25% Term: 3 Year Min. Deposit:  $1,000
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Year Min. Deposit:  $500
APY: 3.44% Term: 3 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 3.60% Term: 3 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 1.00% Term: 3 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: up to 2.40% Term: 37 Months Min. Deposit:  $1,000
Read Review
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 4.30% Term: 37 Months Min. Deposit:  $500
APY: 0.50% Term: 42 Months Min. Deposit:  Varies
Read Review
Member FDIC.
APY: 3.00% Term: 45 Months Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.00% Term: 4 Year Min. Deposit:  $1,500
Read Review
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 4 Year Min. Deposit:  $500
APY: 3.50% Term: 4 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.75% Term: 4 Year Min. Deposit:  $5,000
Read Review
APY: 1.50% Term: 4 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: up to 4.60% Term: 4 Year Min. Deposit:  $1,000
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.05% Term: 4 Year Min. Deposit:  $10,000
Read Review
APY: 1.61% Term: 4 Year Min. Deposit:  $1
Read Review
Member FDIC.
APY: 4.55% Term: 4 Year Min. Deposit:  $1,000
Read Review
Ponce Bank CDs
Member FDIC.
APY: 2.50% Term: 4 Year Min. Deposit:  $500 or $1,000, depending on term
APY: 3.75% Term: 4 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 1.00% Term: 4 Year Min. Deposit:  $1,000
Read Review
APY: 3.34% Term: 4 Year Min. Deposit:  $10,000
Read Review
APY: 3.75% Term: 4 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 3.86% Term: 4 Year Min. Deposit:  $1,000
Read Review
APY: 3.60% Term: 4 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.00% Term: 4 Year Min. Deposit:  $500
Read Review
APY: 3.50% Term: 4 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.00% Term: 4 Year Min. Deposit:  $1,000
Read Review
APY: 3.60% Term: 4 Year Min. Deposit:  $1,000
Read Review
APY: 3.25% Term: 4 Year Min. Deposit:  $500
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 3.95% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.15% Term: 4 Year Min. Deposit:  $1,000
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 4.60% Term: 4 Year Min. Deposit:  $1,000
APY: 3.50% Term: 4 Year Min. Deposit:  $1,000
Read Review
Federally insured by NCUA.
APY: 4.25% Term: 4 Year Min. Deposit:  $500
Read Review
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.09% Term: 49 Months Min. Deposit:  $10,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 52 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.00% Term: 59 Months Min. Deposit:  $1,000
Read Review
APY: 3.75% Term: 5 Year Min. Deposit:  $500
Read Review
Vanguard Brokered CD
Member FDIC.
APY: 4.75% Term: 5 Year Min. Deposit:  $1,000
APY: 3.50% Term: 5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.81% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 0.50% Term: 5 Year Min. Deposit:  Varies
Read Review
Member FDIC.
APY: up to 4.65% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 3.00% Term: 5 Year Min. Deposit:  $500
Read Review
APY: 3.65% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 3.75% Term: 5 Year Min. Deposit:  $500
Read Review
APY: 3.75% Term: 5 Year Min. Deposit:  $0
Read Review
APY: 3.50% Term: 5 Year Min. Deposit:  $0
Read Review
Ponce Bank CDs
Member FDIC.
APY: 3.25% Term: 5 Year Min. Deposit:  $500 or $1,000, depending on term
Member FDIC.
APY: 4.10% Term: 5 Year Min. Deposit:  $10,000
Read Review
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 3.85% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 2.00% Term: 5 Year Min. Deposit:  $500
Read Review
Member FDIC.
APY: 3.25% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 1.50% Term: 5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.65% Term: 5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 3.50% Term: 5 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: 2.75% Term: 5 Year Min. Deposit:  $5,000
Read Review
APY: 3.29% Term: 5 Year Min. Deposit:  $10,000
Read Review
Member FDIC.
APY: 1.00% Term: 5 Year Min. Deposit:  $1,000
Read Review
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $1,500
Read Review
Member FDIC.
APY: 1.00% - 2.25% Term: 5 Year Min. Deposit:  $250.00
Read Review
Member FDIC.
APY: 4.15% Term: 5 Year Min. Deposit:  $1,000
Read Review
APY: 3.80% Term: 5 Year Min. Deposit:  $2,500
Read Review
APY: 3.25% Term: 5 Year Min. Deposit:  $500
Read Review
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 5 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $500
APY: 4.15% Term: 5 Year Min. Deposit:  $0
Read Review
Member FDIC.
APY: up to 2.60% Term: 61 Months Min. Deposit:  $1,000
Read Review
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 61 Months Min. Deposit:  $5,000 or $10,000, depending on term
Huntington Bank Standard CD
Member FDIC.
APY: 0.50% Term: 6 Year Min. Deposit:  $1,000
APY: 3.75% Term: 6 Year Min. Deposit:  $500
Read Review
APY: 2.00% Term: 3 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 4.30% Term: 3 Months Min. Deposit:  $1
Open Account for

On Secure Website.

Member FDIC.
APY: 3.75% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.00% Term: 6 Months Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 3.70% Term: 6 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 3.00% Term: 6 Months Min. Deposit:  $1,000
Open Account for CIT Bank CD

On CIT's Secure Website.

APY: 4.30% Term: 6 Months Min. Deposit:  $1
Open Account for

On Secure Website.

APY: 3.95% Term: 9 Months Min. Deposit:  $1
Open Account for

On Secure Website.

APY: 3.80% Term: 9 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.50% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

APY: 3.50% Term: 11 Months Min. Deposit:  $1,000
Open Account for CIT Bank No-Penalty CD

On CIT'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: 3.95% Term: 1 Year Min. Deposit:  $1
Open Account for

On Secure Website.

Member FDIC.
APY: 3.50% Term: 13 Months Min. Deposit:  $1,000
Open Account for CIT Bank CD

On CIT's Secure Website.

APY: 3.25% Term: 1.5 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: 3.00% Term: 1.5 Year Min. Deposit:  $1,000
Open Account for CIT Bank CD

On CIT's Secure Website.

Member FDIC.
APY: 3.50% Term: 1.5 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

Member FDIC.
APY: 3.35% Term: 2 Year Min. Deposit:  $500
Open Account for

On Secure Website.

APY: 4.10% Term: 2 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 3.00% Term: 2 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: 3.50% Term: 2 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 3.50% Term: 30 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 3.50% Term: 3 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 3.00% Term: 3 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

APY: 3.50% Term: 3 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 3.25% Term: 3 Year Min. Deposit:  $500
Open Account for

On Secure Website.

APY: 3.50% Term: 4 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 3.00% Term: 4 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: 3.00% Term: 5 Year Min. Deposit:  $500
Open Account for

On Secure Website.

Member FDIC.
APY: 3.40% Term: 5 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 3.25% Term: 5 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

APY: 3.50% Term: 5 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 3.50% Term: 7 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 3.50% Term: 10 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Sorry, we didn't find any CDs that meet those criteria.

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.

Expert insights on CD rates
Image of reviewer

The Federal Reserve reduced the target for the fed funds rate in September, November, and December. The interest rates on most types of banking products -- such as savings and money market accounts -- likewise drifted downward.

So far in 2025, the Fed has been taking a "wait and see" approach to additional cuts. But the futures market still expects rates to be lower by the end of the year. One way to lock in current rates is through a certificate of deposit (CD). They're particularly attractive for money you know you'll need at a certain time in the near future, such as a down payment for a home or retirement income a few months or years from now.

Since a CD won't lose value, the money is protected from the ups and downs of the bond and stock markets. If the characteristics of a CD sound appropriate for your situation, don't wait; the Federal Reserve is expected to continue cutting rates.

-Robert Brokamp, Certified Financial Planner® and Senior Advisor at The Motley Fool

Best CD accounts by category

Best for high balances: LendingClub CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for LendingClub CD
LendingClub CD
Bottom Line

LendingClub CDs don't skimp on interest, offering competitive APYs for all six of its CD terms, from six months to five years. They're also FDIC insured. One downside is that you'll need to commit at least $2,500 to open an account.

MINIMUM DEPOSIT $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

6 Mo. APY 10 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
4.00% 4.50% 3.75% 3.50% 3.50% 3.50% 3.40%

Why I like it for high balances: LendingClub has the highest minimum deposit on our list, but if you can swing it, you'll lock in competitive rates across all terms. And hey, the more you put in, the more you earn in interest -- it's a win-win.

Read our LendingClub CD Review

Best for creating a CD ladder: Discover® Bank CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Discover® Bank CD
Discover® Bank CD
Bottom Line

Discover's rates are competitive and you don't have to worry about getting hit with any fees unless you withdraw funds via wire transfer or choose to withdraw from your CD before it reaches its maturity date. It also offers some unique term lengths, including CDs as short as three months and as long as 10 years.

MINIMUM DEPOSIT $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 7 Yr. APY 10 Yr. APY
2.00% 3.70% 3.80% 4.00% 4.00% 4.10% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

Why I like it for CD ladders: Discover® Bank stands out with a wider range of CD terms than most competitors, giving you the flexibility to build a CD ladder that fits your timeline -- whether that's a few months or several years. More options mean more control over your savings strategy.

Read our Discover® Bank CD Review

Best for no minimum deposits: Barclays Online CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Barclays Online CD
Barclays Online CD
Bottom Line

Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. Those interested in building longer-term CD ladders will find plenty to like here.

MINIMUM DEPOSIT $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.80% 3.80% 4.00% 3.25% 3.00% 3.00% 3.00% 3.25%

Why I like it for no minimum deposit: Not a lot of cash to start with? No worries. Barclays Online CDs let you earn a solid APY no matter how much you deposit. While most banks want you to put some serious skin in the game, Barclays makes it easy to get started -- even if you're only working with a couple hundred bucks.

Read our Barclays Online CD Review

Best for daily compounding: Quontic CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Quontic CD
Quontic CD
Bottom Line

Quontic Bank offers CDs with terms ranging from six months to five years. It offers most of the terms one would expect, though it is missing a 4-year CD, so it may not be ideal for those hoping to build a CD ladder. Its rates are competitive, especially on its longer term CDs, and its minimum deposit is more affordable than what you see with some other top banks.

MINIMUM DEPOSIT $500
Open Account for Quontic CD

On Quontic's Secure Website.

6 Mo. APY 1 Yr. APY 2 Yr. APY 3 Yr. APY 5 Yr. APY
3.75% 3.25% 3.35% 3.25% 3.00%

Why I like it for daily compounding: Quontic isn't the only bank offering daily compounding on our list, but it stands out with some of the best rates for this feature. Daily compounding means your interest is calculated every day (and added to your statement monthly), helping you earn even more over time -- especially if you're working with a larger deposit.

Read our Quontic CD Review

Best for banking convenience: Capital One 360 CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Capital One 360 CD
Capital One 360 CD
Bottom Line

Backed by Capital One's well-known brand, the Capital One 360 CDs offer competitive rates across many common terms, though they're stronger in durations of a year or longer. There's no minimum deposit, so savers can benefit even if they don't have a large sum to deposit. Check Capital One's website for the most up-to-date rates.

MINIMUM DEPOSIT $0
Read Review
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 30 Mo. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.80% 3.80% 4.00% 3.70% 3.50% 3.50% 3.50% 3.50% 3.50%

Why I like it for banking convenience: Prefer a more traditional banking experience? Capital One is the only bank on our list with physical branches, so you can get in-person service when you need it. Plus, you still get the perks of modern banking, like a top-rated mobile app and solid customer support.

Best for no-penalty CDs: Marcus by Goldman Sachs High Yield CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Marcus by Goldman Sachs High Yield CD
Marcus by Goldman Sachs High Yield CD
Bottom Line

Savers have the potential to create effective CD ladders through Marcus, as it provides competitive rates through the most common CD terms. The minimum deposit is $500 and withdrawal penalties are moderate compared with competitive banks.

MINIMUM DEPOSIT $500
Read Review
6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY 6 Yr. APY
4.20% 4.30% 4.25% 4.10% 4.10% 4.00% 3.75% 3.75% 3.75%

Why I like it for no-penalty CDs: Marcus by Goldman Sachs offers competitive rates with a low $500 minimum deposit, but what really makes it shine is its no-penalty CDs. These let you withdraw your money early without facing any penalties -- nice flexibility while still earning a solid return.

Best for long-term CDs: Bread Savings CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Bread Savings CD
Bread Savings CD
Bottom Line

Bread Savings CDs are available in many of the most popular terms, making this a flexible high-yield CD account to consider for various financial goals. There's also no monthly maintenance fee. But the $1,500 minimum deposit for Bread Savings CDs is a little steeper than some of its competitors require.

MINIMUM DEPOSIT $1,500
Read Review
3 Mo. APY 6 Mo. APY 9 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
3.80% 4.50% 3.80% 4.10% 3.80% 4.00% 4.00% 4.00% 4.00%

Why I like it for long-term CDs: If you're in it for the long haul, Bread Savings has the highest rates on our list for 3- to 5-year CDs. While they're not the absolute highest the bank offers, they're a solid choice if you're looking to lock in a great rate and let your money grow over time.

Best for monthly dividend withdrawal option: Alliant CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Alliant CD
Alliant CD
Bottom Line

Alliant offers CD rates across common terms that stack up well with other banks on this list. The credit union's rates hold up better than most though over the longer terms, so for savers interested in locking in rates for multiple years, Alliant could be a good home for your money. Note that the minimum of $1,000 is on the higher end for this list.

MINIMUM DEPOSIT $1,000
Read Review
6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.10% 4.25% 3.80% 3.70%% 3.65% 3.65% 3.65%

Why I like it for the monthly dividend withdrawal option: Alliant offers a unique perk by letting customers receive monthly interest payments as a dividend instead of waiting until the end of the term. This is perfect for those who want to see more immediate returns, especially on long-term CDs, giving you a steady stream of rewards along the way.

Best for short-term CDs: Prime Alliance Bank CD

Rates as of March 6, 2025

APY = Annual Percentage Yield

Offer image for Prime Alliance Bank CD
Prime Alliance Bank CD
Bottom Line

The rates on Prime Alliance Bank's CDs are decent enough, but you can find better ones. However, the relatively low $500 minimum deposit makes these more available to the everyday saver -- or someone looking to build a CD ladder.

MINIMUM DEPOSIT $500
Read Review
6 Mo. APY 1 Yr. APY 1.5 Yr. APY 2 Yr. APY 3 Yr. APY 4 Yr. APY 5 Yr. APY
4.35% 4.25% 4.00% 4.11% 4.00% 3.75% 3.75%

Why I like it for short-term CDs: Here for a good time, not a long time? Prime Alliance Bank offers the best rates on our list for CDs in the 6- to 18-month range. While some banks have even shorter terms, it's hard to beat Prime Alliance Bank's rates if you're willing to keep your money parked for just a little longer.

How to choose the best CD for you

Not all CDs are created equal, and the best one for you depends on a few key factors. Here's what to keep in mind before you lock in your cash:

  • APY (annual percentage yield): The golden number. The higher the APY, the more your money grows -- simple as that. But don't just chase the highest rate. Make sure the term length, deposit requirements, and the bank itself align with your needs.
  • Term length: How long can you live without touching this money? CD terms range from a few months to several years, and once your cash is in, it's staying put. If you think you might need access sooner, opt for a shorter term or look into a high-yield savings account instead.
  • Minimum deposit requirements: Some CDs let you start with just a few bucks, while others require a hefty upfront investment. Generally, higher deposits unlock better rates, but don't stretch yourself too thin. Find a sweet spot between a solid APY and what you can comfortably invest.
  • Early withdrawal penalties: Life happens. If you suddenly need your money before your CD matures, you'll likely face a penalty -- sometimes a few months' worth of interest, sometimes more. If flexibility is a priority, a no-penalty CD might be a better fit.
  • Bank reputation and FDIC insurance: All the banks on our list are FDIC insured, which means up to $250,000 of your money is protected in case of a bank failure. But remember, some of the highest CD rates come from online-only banks. Do a little homework to make sure you're comfortable with their reputation and customer service before committing.

Bottom line? The best CD for you isn't just about the highest rate -- it's about balancing returns, accessibility, and security. Choose wisely, and let your money do the heavy lifting.

Are CDs better than high-yield savings accounts?

Deciding between a CD and a high-yield savings account depends on your financial goals. Both are solid options, but each offers unique benefits.

What's the difference?

A high-yield savings account offers flexibility -- you can deposit and withdraw funds at any time, with a higher interest rate than a regular savings account. A CD locks your money away for a set period, usually offering a better rate in return. The downside? You can't access your funds without penalties until the term ends.

Which one's right for you?

A high-yield savings account is best for flexibility, allowing easy access to your funds without penalties.

A CD is ideal if you're okay with locking your money up for a fixed term to earn a higher interest rate.

Both have their perks. If you want higher returns and can commit your cash for a while, a CD is the way to go. If you need flexibility and want to keep your options open, a high-yield savings account is a solid choice. It all comes down to how much access you need to your money.

Decided you'd rather have a high-yield savings account? See our favorite HYSAs here.

How to open a CD account in five steps

Opening a CD is simple and can be done in just a few steps. Here's how.

1. Compare CD rates and terms

First things first, shop around to find the best APY. Look for a rate that matches your financial goals, whether you're in it for a short-term (6-12 months) or long-term (3-5 years) commitment. The longer the term, the higher the rate, generally.

Make sure to check the minimum deposit requirements and any early withdrawal penalties -- you don't want to get stuck if life throws you a curveball.

2. Choose a bank or credit union

Next, you'll need to decide where to open your CD. Online banks tend to offer better rates because they don't have the overhead costs of physical branches. If you're more comfortable with in-person service, a traditional bank or credit union might be your jam. Either way, make sure the bank you choose is reliable and gives you the customer support you need.

3. Apply online or in-person

When you've picked the bank, it's time to apply. If you're going the online route, the process is quick and easy -- no need to leave your couch. But if you prefer a little face-to-face interaction, visit a branch and get help with your application in person. You'll need to provide some personal details, like your ID and contact info, to get the ball rolling.

4. Fund your CD

Once you're approved, it's time to fund your CD. You'll need to deposit the required amount -- either by transferring funds from an existing account or writing a check. Make sure you meet the minimum deposit to kick off your CD.

5. Monitor maturity dates and renewal options

After your CD is up and running, keep track of the maturity date. When your term ends, you'll need to decide whether you want to withdraw your cash, roll it over into a new CD, or transfer it to another account. Some banks will auto-renew your CD, so it's a good idea to check in before that happens to make sure you're still getting the best deal.

Banks we monitor

  • Alliant, Ally, All America Bank, American First Credit Union, American Express National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO Bank, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime®, CIT, Citibank, Citizens, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Jenius Bank, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, My Banking Direct, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, NexBank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi®, Synchrony Bank, TAB Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.

FAQs

  • While it's hard to predict exact movements, CD rates generally follow the trends of the Federal Reserve. If rates continue to fall in 2025, you'll likely see CDs offer lower rates as well.

  • You can withdraw money early from a CD, but most banks will charge an early withdrawal penalty -- usually a few months' worth of interest.

  • When your CD matures, you can either withdraw the funds, roll them over into a new CD, or transfer them to another account. Some banks may auto-renew your CD at the current rate.