Best CD Rates Today, Oct. 13, 2025: Don't Let up to 4.35% APY Slip Away
Image source: Getty Images
CD rates keep inching down as we move deeper into October. The Fed's September rate cut has already pushed several banks to lower their top APYs -- and with another Fed meeting on Oct. 28–29, more cuts could be on the way.
If you're considering a CD, this could be your best chance to lock in a solid rate. A fixed APY lets you lock in today's higher returns before they dip again.
Take a look at some of the best CD rates still available.
Featured offers
Synchrony Online CD
On Synchrony Bank's Secure Website.
LendingClub CD
On LendingClub's Secure Website.
Discover® Bank CD
On Discover Bank's Secure Website.
Best CD rates today, Oct. 13, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| United Fidelity Bank | 6 Months | 4.35% | $1,000 |
| Climate First Bank | 6 Months | 4.34% | $500 |
| United Fidelity Bank | 60 Months | 4.30% | $1,000 |
| United Fidelity Bank | 48 Months | 4.25% | $1,000 |
| LendingClub | 8 Months | 4.25% | $500 |
All the CDs featured here are FDIC-insured, which means your deposits are safe up to $250,000. The best fit depends on two key things -- how much you plan to invest and how long you're comfortable leaving it untouched.
If you want short-term growth, United Fidelity Bank is offering 4.35% APY on a 6-month CD with just a $1,000 minimum. Prefer to lock in your rate for a few years? The same bank's 5-year CD pays 4.30% APY with the same deposit requirement. Both are strong picks depending on your savings goals and timeline.
Featured pick: LendingClub's 8 Mo. CD hits a sweet spot -- solid returns, a short timeline, and only $500 to open. It's long enough to shield your money from near-term rate drops but short enough to keep your cash accessible.
LendingClub CD
On LendingClub's Secure Website.
Is now a good time to open a CD?
If you've got extra money sitting idle, a certificate of deposit could be an easy way to earn more with virtually no risk. CDs are best for funds you can set aside -- whether for a few months or several years -- without needing quick access.
A CD could make sense if:
- You already have an emergency fund covering three to six months of expenses.
- Your long-term goals, like retirement, are on track through other investments.
- You want guaranteed growth instead of dealing with market swings.
With fixed returns and FDIC protection up to $250,000, CDs offer a safe, predictable way to grow your savings. And with APYs starting to slide, this could be one of your last chances to grab a top rate before they fall further.
Example: Turn $25,000 into $25,703 in just 8 months
One of the biggest advantages of CDs is that there's no guessing -- you'll know exactly what your balance will be when the term ends.
For example, a $25,000 deposit in LendingClub's 8-month CD would grow to about $25,703 at maturity. That's $703 in guaranteed earnings in under a year, without lifting a finger.
With more Fed cuts likely ahead, locking in today's higher yield could help you stay one step ahead. Check out our LendingClub CD review for details and secure your rate while it lasts.
LendingClub CD
On LendingClub's Secure Website.
How to open a CD in 5 simple steps
Opening a CD takes just a few minutes -- here's how to do it:
- Compare rates. Look at multiple banks -- online banks often offer the best APYs.
- Pick your deposit amount. You usually can't add more later, and early withdrawals can cost you.
- Apply. Complete your application online or in person using your ID, Social Security number, and bank info.
- Fund your CD. Transfer money from checking or savings; your rate locks in once the deposit posts.
- Track your maturity date. Mark it down so you'll know when to renew or withdraw.
Once your CD is open, your money starts earning automatically. Click here to see today's best CD rates.
Boost your savings, keep your flexibility
If you'd rather keep your funds flexible, a high-yield savings account (HYSA) could be a better fit. Many of today's top HYSAs are paying APYs that rival short-term CDs -- but without locking your cash away.
The big benefit is flexibility: you can deposit or withdraw anytime, with no penalties or waiting period. The downside? HYSA rates can change at any time, unlike CDs, which guarantee your APY for the full term.
Top HYSA pick: The Axos ONE® checking and savings bundle currently offers up to 4.51% APY on savings balances when you meet account requirements. That's higher than even top CD rates right now -- and you can access your money anytime. Learn more in our full review.
On Axos Bank's Secure Website.
Member FDIC.
Axos ONE®
On Axos Bank's Secure Website.
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair
= PoorOn Axos Bank's Secure Website.
- Earn a competitive APY on checking and savings
- Pay no monthly maintenance or account fees
- No cap on how much you can save
- Access to fee-free ATM network
- Extra conditions required to earn the advertised rate
- No physical branches for in-person help
The Axos banking bundle offers the potential for very competitive rates and a simple banking experience that puts all of your accounts in one place. The mobile app may have issues, however, and online user reviews raise some concerns about access and customer service.
The Annual Percentage Yield (APY) is accurate as of 10/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.
The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY. Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:
Option 1
- Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.
- The average daily balance of your Axos ONE® Checking account is at least $1,500.
Option 2
- Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.
- The average daily balance of your Axos ONE® Checking account is at least $5,000.
If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:
- The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.
- The Axos ONE® Savings account will earn a promotional rate of up to 4.51% APY for the statement cycle in which the requirements are met.
The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.
A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
Our Picks for the Best High-Yield Savings Accounts of 2025
| Product | APY | Min. to Earn | |
SoFi Checking and Savings
Member FDIC.
APY
up to 4.50%
Rate info
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn
$0
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
up to 4.50%
Rate info
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
|
$0
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
CIT Platinum Savings
Member FDIC.
APY
3.85%
Rate info
3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn
$5,000
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
3.85%
Rate info
3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
|
$5,000
|
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Western Alliance Bank High-Yield Savings Premier
Member FDIC.
APY
4.10%
Rate info
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
Min. to earn
$500 to open, $0.01 for max APY
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
4.10%
Rate info
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
|
$500 to open, $0.01 for max APY
|
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of September 23, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.
For complete list of account details and fees, see our Personal Account disclosures.
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
-
Sources
FAQs
-
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 loss of interest. This means you have less flexibility to access your funds if you need them before the CD matures.
-
When your CD term ends, you'll get back your original deposit plus the interest you earned. Most banks let you either withdraw the money or roll it into a new CD. Just make sure to act quickly -- some banks automatically renew if you don't respond within a few days.
-
Yes -- especially while APYs are still holding above 4.00%. With the Fed signaling more rate cuts ahead, locking in a CD today could mean earning more than you would a few months from now.
Our Research Expert
James McClenathen is a full-time Managing Editor and Personal Finance Writer at Motley Fool Money, overseeing the production and quality of editorial content while also writing about credit cards, investing, and everyday money management. He has worked at The Motley Fool since 2012 and brings extensive experience as an editor, reporter, and finance expert. A graduate of the University of Michigan, James has spent more than a decade of his career helping readers make smarter financial decisions.