The Best CD Rates Today, April 1, 2025: Up to 4.65% APY
The best certificate of deposit (CD) rates today hover around 4.50% to 4.65%. Short-term CDs, especially those with terms of 12 months or less, offer the most appealing rates in the current CD environment.
As the Federal Reserve does not meet again until May, we can expect CD rates to stay relatively stable in the near term. This stability presents a great opportunity to take advantage of a CD now, while rates remain attractive.
Here are some of the best CD rates available today.
| Bank | APY | Term | Minimum Deposit |
|---|---|---|---|
| OMB | 4.65% | 7 Months | $1,000 |
| DR Bank | 4.65% | 6 Months | $500 |
| MutualOne Bank | 4.59% | 6 Months | $500 |
| 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.
If you're looking for a solid CD from a trusted digital bank, LendingClub's 10-month CD is worth a look. It offers a 4.50% APY with just a $2,500 minimum deposit. It's available nationwide and easy to open online -- a great pick for savers who want both convenience and a competitive return. Explore LendingClub 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 On Secure Website. | APY: 4.50% | Term: 10 Months | Min. Deposit: $2,500 | Open Account for On Secure Website. |
 Quontic CD Quontic CD Member FDIC. Open Account for On Secure Website. | APY: 3.75% | Term: 6 Months | Min. Deposit: $500 | 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?
Even though CD rates have decreased since mid-2024, they remain competitive. While the Federal Reserve has decided to keep the federal funds rate unchanged for now, many experts anticipate that rate cuts are likely to occur as we move further into 2025.
Now could be an excellent time to lock in a CD if:
- You want safe, guaranteed returns on your cash
- You want to protect your savings from the possibility of near-term interest rate cuts
The best CDs are backed by FDIC insurance, which protects deposits of up to $250,000 per person, per bank, in case of a bank failure. Although CDs present minimal risk, other investment avenues like the stock market might provide opportunities for higher returns.
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 the commitment
If you want to earn a high APY with more flexibility and less commitment, a high-yield savings account will allow you to deposit and withdraw money whenever you want and transfer money to other accounts quickly and easily. You can leave your money in the account as long as you want, with no time requirement.
Unlike CDs, savings accounts have variable rates, meaning they can change any time at the issuer's discretion. But right now, high-yield savings account rates are nearly on par with the best CD rates, making either one a great choice, depending on your savings goals.
If you want to earn a competitive APY without locking up your money in a CD, the CIT Platinum Savings account is worth a look. It consistently offers one of the highest yields available at 4.10% APY for balances of $5,000 or more. Open a CIT Platinum 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 1, 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 1, 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 3.70% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 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. | 3.70% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 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://drbank.com/rates/
- https://www.mutualone.com/client-services/rates-calculators/deposit-rates/
- https://www.brilliant.bank/cds/
- https://www.marcus.com/us/en/savings/high-yield-cds
- https://www.lendingclub.com/personal-savings/cd
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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