The Best CD Rates Today, April 12, 2025: Up to 4.65% APY
KEY POINTS
- Highest CD rate today: 4.65% APY.
- Rates are steady for now, but if cuts happen later in 2025, now could prove to be an excellent time to lock in a CD.
Looking to boost your savings? Right now, CDs offer rates from 4.50% to 4.65%. Short-term CDs that mature in a year or less top the charts.
The Fed has held rates steady for the time being, but they could dip later this year. Locking in these rates now could be a smart move before they decrease.
Check out the best 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 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 On Secure Website. | |
 Western Alliance Bank CD Western Alliance Bank CD Open Account for On Secure Website. | APY: 3.75% | 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?
With the Federal Reserve's March decision to hold rates steady, competitive CD rates look to be around for at least a while longer.
If any of the following are true for you, it could be a great time to open a CD:
- You are seeking a secure, guaranteed return on your cash.
- You're concerned about possible interest rate reductions later this year and want to lock in a competitive rate now to protect your savings.
- You won't need to touch your cash for a while and are confident committing it for the full CD term.
The best CDs are covered by FDIC insurance. This safeguards deposits up to $250,000 per individual, per bank, in case a bank fails. Although CD investments carry minimal risk, alternative investments -- such as the stock market -- could offer higher returns, especially over the long term.
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 money
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 Member FDIC. APY 3.70% Rate info 3.70% annual percentage yield as of April 12, 2025. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings On American Express's Secure Website. | 3.70% Rate info 3.70% annual percentage yield as of April 12, 2025. Terms apply. | $0 | Open Account for American Express® High Yield Savings 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. |
 Capital One 360 Performance Savings Member FDIC. APY 3.60% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings On Capital One's Secure Website. | 3.60% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening. | $0 | Open Account for Capital One 360 Performance Savings On Capital One's 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 your emergency fund is fully stocked and you have extra cash, now is a great time to open a CD. Locking it in can earn you steady returns. Rates are high now, but might drop if the Fed cuts rates later this year.
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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