The Best CD Rates Today, April 3, 2025: Up to 4.65% APY

Image source: The Motley Fool/Upsplash Today's best CD rates range from 4.50% to 4.65%. Short-term CDs -- those usually under about 12 months -- offer the highest APYs right now.Alert: highest cash back card we've seen now has 0% intro APR into 2026 This credit card is not just good – it's so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes. Rates are likely to hold steady for the near term, but it could be a smart move to lock in today's competitive rates before the Fed makes potential rate cuts in May. Jump in now and make your money work harder for you.Below are some of the best CD rates we've found.BankAPYTermMinimum DepositOMB4.65%7 Months$1,000DR Bank4.65%6 Months$500United Fidelity Bank4.60%10 Months$1,000Brilliant Bank4.55%9 Months$1,000Marcus by Goldman Sachs4.50%14 Months$500LendingClub4.50%10 Months$2,500Data source: Issuing banks. Rates are accurate as of April 2, 2025.Why we chose these CDsExtremely competitive rates. Some CDs have slightly higher rates than those on our list, but most come with a catch.Low minimum deposits. Some CDs require a minimum deposit of $5,000 or more, while the CDs above let you deposit as little as $500.Available nationwide. Some high-yield CDs are offered by regional credit unions that not everyone can easily join. The CDs above come from banks that anyone in the U.S. can join without jumping through hoops.Online convenience. Some banks require you to visit a branch to open a CD. The CDs on our list can each be opened straight from the issuer's website.While the CDs above offer some of the most competitive rates available today, they're not the only strong options worth considering. LendingClub offers a solid alternative, with CDs that are easy to open and come from a well-known digital bank. If you value a smooth online experience and flexible terms, it's worth a look. Explore LendingClub rates here.The Best CD Rates From Our Partners TodayWant 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 todayBest 6-Month CD Rates -- Short-term savings with fast accessBest 12-Month CD Rates -- Solid returns with just a 1-year commitmentBest 5-Year CD Rates -- Maximize earnings over the long haulShould you open a CD now?CD rates have gone down since mid-2024, but they're still deserving of attention. The Fed has opted to keep rates the same for now, though some predict possible cuts later in 2025.It could be a good idea to open a CD if you want safe, steady returns and protection from potential future rate cuts.CDs offer peace of mind with FDIC backing, covering up to $250,000 per person, per bank if a bank fails. They are low-risk, but the stock market might provide higher returns (with higher risk). Make your choice based on your goals and level of comfort.How to open a CDWhen you're ready, you can open a CD in just a few simple steps:Shop around to find the highest APY for the term you want.Read the fine print and make sure you can meet the minimum deposit, if there is one.Apply for a new account on the bank's website or mobile app, or over the phone. You'll likely be approved and ready to invest in minutes.Link an existing bank account to transfer funds to a new CD. Remember that you can only make one deposit per CD.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 cashReinvest 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 moneyIf you want to earn a high APY with more flexibility and less commitment, look into a high-yield savings account.The best high-yield savings accounts allow you to:Deposit and withdraw money whenever you wantQuickly transfer money to other accountsSavings account rates are variable and can change at any time. However, high-yield savings accounts currently have APYs that rival the best CDs, making either one a great choice now, depending on your savings goals.If you want to earn a competitive APY without committing your cash for a minimum of several months, check out our list of the best high-yield savings accounts.Alert: highest cash back card we've seen now has 0% intro APR into 2026 This credit card is not just good – it's so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes. We're firm believers in the Golden Rule,