Best CD Rates Today, April 24, 2025: Up to 4.65%
KEY POINTS
- The best CD rate available now: 4.65% APY.
- If the Fed moves forward with rate cuts in the coming months, CD rates will fall as result.
- A good alternative to CDs, HYSAs safely store your savings and maximize your interest earnings.
CD rates remain elevated today, especially for six to 12-month terms. But they might not stay this high for much longer.
The Fed plans to cut the federal funds rate later in 2025, partly due to recent tariff hikes. With the impending threat of rate cuts in the coming months, now's a good time to lock in a CD and secure these still-competitive rates.
Check out some of the top 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 |
| T Bank | 4.60% | 6 Months | $500 |
| Brilliant Bank | 4.55% | 9 Months | $1,000 |
| T Bank | 4.50% | 12 Months | $500 |
Why we chose these CDs
The CDs in our list above offer extremely competitive rates with APYs among the highest we found. They have low minimum deposits, allowing you to start with as little as $500, unlike some CDs that require a minimum deposit of $5,000 or more.
Additionally, these CDs are available nationwide and are offered by banks that anyone in the U.S. can join without dealing with the membership requirements a lot of credit unions impose. One final perk: Each of these CDs can be easily opened online, directly from the bank issuer's website. It's never been quicker to get started.
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. |
 LendingClub CD LendingClub CD Member FDIC. Open Account for LendingClub CD On LendingClub's Secure Website. | APY: 4.00% | Term: 10 Months | Min. Deposit: $500 | Open Account for LendingClub CD On LendingClub's Secure Website. |
 Western Alliance Bank CD Western Alliance Bank CD Open Account for On Secure Website. | APY: 4.30% | Term: 6 Months | Min. Deposit: $1 | Open Account for On Secure Website. |
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?
CD rates are still historically high, though they've dropped since mid-2024. The Federal Reserve is holding rates steady for now, but experts agree that rate cuts are likely later in 2025.
Now could be a great time to lock in a CD if:
- You want safe, guaranteed returns
- You want to protect your savings from near-term interest rate cuts
- You have cash that you can leave untouched for the full CD term
The best CDs are FDIC insured, so deposits of up to $250,000 per person, per bank are safe. There's virtually zero risk in CD investing, though you could potentially earn higher returns elsewhere, like the stock market.
How to open a certificate of deposit
When you're ready to open a CD, just follow these easy steps:
- Pick a bank: Look up banks to see which one offers the best CD rates and terms.
- Go online: Visit the bank’s site and find the Certificate of Deposit section under personal banking.
- Choose your CD: Select the CD that fits you and start the online application for a new account.
- Fill in details: Enter your personal info and pick a way to fund your CD from your bank account.
- Check terms and apply: Read the CD terms, especially about any early withdrawal fees, then submit your application.
- Note maturity date: Mark on your calendar when your CD matures so you know when you need to either withdraw or reinvest your money.
That's all it takes!
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.
Earn up to 4.40% APY without locking away your money
The best high-yield savings accounts offer more flexibility, less commitment, and allow you to:
- Deposit and withdraw money whenever you want.
- Quickly transfer money to other accounts.
- Leave your cash on deposit as long (or not) as you want.
Savings accounts have changing interest rates, so banks can adjust your rate whenever they want. However, high-yield savings accounts now offer great rates similar to the top CDs, so you can keep flexibility without losing much interest.
If you want to earn a competitive APY without locking up your money in a CD, the Barclays Tiered Savings account is worth a look. It consistently offers one of the highest yields available at 4.10% with no account minimum required to earn. Open a Barclays Tiered 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 24, 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 24, 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://t.bank/current-rates/
- https://www.brilliant.bank/cds/
FAQs
If you want steady growth and peace of mind for your money, now is a great time to open a CD. Rates are high, offering generous returns. With the possibility of rate cuts on the horizon, now is a good time to lock in a competitive rate while they're still available.
Experts currently expect the Federal Reserve to cut rates later 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.
The biggest downside of a certificate of deposit is the lack of liquidity. When you invest in a CD, your money is locked in for a fixed term, and withdrawing it early can result in penalties or loss of interest. This means you have less flexibility to access your funds if you need them before the CD matures.
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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