The Best CD Rates Today, April 5, 2025: Up to 4.65% APY
Image source: Upsplash/The Motley Fool Looking for the best CD rates today? You can find rates as high as 4.65%. CDs with terms under a year often have the best rates.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. The Fed is holding rates steady, but cuts may still come later this year. So, grab those high rates while you can. We've rounded up some top CD offers available now.Below are some of today's best CD rates.BankAPYTermMinimum DepositOMB4.65%7 Months$1,000United 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 4, 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?After mid-2024, CD rates began to fall as the Fed cut rates for the first time in four years. Despite this dip, CDs are still worth a look. The Fed is holding rates steady now, but more cuts may come later in 2025.Here's why you might consider a CD:Safe and steady returnsProtects against future rate dropsFDIC backing up to $250,000 per depositor, per bankWhile CDs are low-risk investments that offer stable returns, investing in the stock market can offer more gains over the long term, but it also comes with more risk.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 losing access to your cashIf 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 can change at any moment, but right now, high-yield savings accounts have APYs that compete with the top CDs. Depending on your goals, either could be a smart choice now.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, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fo
Image source: Upsplash/The Motley Fool
Looking for the best CD rates today? You can find rates as high as 4.65%. CDs with terms under a year often have the best rates.
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.
The Fed is holding rates steady, but cuts may still come later this year. So, grab those high rates while you can. We've rounded up some top CD offers available now.
Below are some of today's best CD rates.
| 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 | 4.50% | 10 Months | $2,500 |
Why we chose 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. 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 Today
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
Should you open a CD?
After mid-2024, CD rates began to fall as the Fed cut rates for the first time in four years. Despite this dip, CDs are still worth a look. The Fed is holding rates steady now, but more cuts may come later in 2025.
Here's why you might consider a CD:
- Safe and steady returns
- Protects against future rate drops
- FDIC backing up to $250,000 per depositor, per bank
While CDs are low-risk investments that offer stable returns, investing in the stock market can offer more gains over the long term, but it also comes with more risk.
How to open a CD
When 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 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 losing access to your cash
If 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 want
- Quickly transfer money to other accounts
Savings account rates can change at any moment, but right now, high-yield savings accounts have APYs that compete with the top CDs. Depending on your goals, either could be a smart choice now.
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, 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. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.James McClenathen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy.
