Best CD Rates Today, Oct. 2, 2025: Snag 4.45% APY Before Rates Drop Further

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

We're just getting into October, and CD rates are already starting to dip after the Fed's rate cut last month. A number of banks have lowered their yields -- and with another Fed meeting coming up on Oct. 28–29, more cuts could be around the corner.

If locking in a solid return is on your to-do list, now's a smart time to act. A fixed-rate CD can help you lock in today's higher yields before they slide any further.

Here are some of the top CD offers still on the table.

Rates as of Sept. 30, 2025

LendingClub CD

Member FDIC.
APY:
4.45%
Term:
8 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Discover® Bank CD

Member FDIC.
APY:
3.50%
Term:
6 Months
Min. Deposit:
$0
Open Account for

On Discover Bank's Secure Website.

Best CD rates today, Oct. 2, 2025

Bank Term APY Minimum Deposit
LendingClub 8 Months 4.45% $500
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
Marcus by Goldman Sachs 6 Months 4.25% $500
Data source: Issuing banks. Rates are accurate as of Oct. 1, 2025.

All the CDs on this list are FDIC-insured, so your deposits are protected up to $250,000. The best option for you depends on two things: how much you want to deposit and how long you're comfortable leaving it in place.

If you'd like a shorter commitment, LendingClub is paying 4.45% APY on an 8 Mo. CD, with just $500 to open. Prefer to lock in for several years? United Fidelity has a 5-year CD at 4.30% APY with a $1,000 minimum. Both are solid choices depending on your timeline.

A top CD pick: LendingClub's 8 Mo. CD offers 4.45% APY and requires only $500 to get started. The term strikes a nice balance -- long enough to protect your savings from inflation and potential rate cuts, but short enough to keep your money accessible.

Rates as of Sept. 30, 2025

LendingClub CD

Member FDIC.
APY:
4.45%
Term:
8 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Should you open a CD now?

If you've got extra cash you won't need for a while, a certificate of deposit (CD) can be an easy way to put it to work. CDs are designed for money you can set aside -- whether that's a few months or a few years -- without touching it.

A CD could make sense if:

  • You've already built an emergency fund in a high-yield savings account covering three to six months of expenses.
  • Your retirement savings and other long-term goals are on track with investments like IRAs or index funds.
  • You'd rather have steady, guaranteed growth than deal with market ups and downs.

Backed by FDIC insurance up to $250,000 and fixed returns, CDs offer both safety and predictability. If you want a secure place to park extra savings, now may be a smart time to lock one in.

Example: Grow $25,000 into $25,736 in 8 months

The appeal of CDs is simple -- certainty. From the moment you open one, you'll know exactly what your balance will be when the term ends.

Take LendingClub's 8-month CD as an example. A $25,000 deposit would grow to about $25,736 by maturity. That's $736 in guaranteed earnings on a short timeline, with zero effort.

And with interest rates likely to drop again before the end of the year, locking in today's higher yield could put you ahead. Read our full LendingClub CD review to find out more and lock in your rate today.

Rates as of Sept. 30, 2025

LendingClub CD

Member FDIC.
APY:
4.45%
Term:
8 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

How to open a CD in 5 easy steps

Setting up a CD doesn't take long, and once it's funded, your money starts earning a fixed return right away. Here's what to do:

  1. Shop for the best rates. Compare offers from different banks -- online banks often pay more than traditional ones.
  2. Pick your deposit amount. You usually can't add money later, and pulling funds out early means penalties. Choose an amount you're comfortable setting aside.
  3. Open the account. Apply online or in person. You'll need your ID, Social Security number, and funding account info.
  4. Fund your CD. Transfer money from checking or savings. Your rate is locked in as soon as the deposit clears.
  5. Track the maturity date. Mark your calendar so you'll know when the CD ends and can decide whether to cash out or roll it over.

That's it -- five quick steps to secure a safe, guaranteed return. Click here to see today's best CD rates and lock in your APY before rates fall.

Grow your money and keep it accessible

High-yield savings accounts (HYSAs) give you a solid return without tying up your cash. Right now, many are offering APYs that compete with the best CD rates.

The real advantage is flexibility. You can move money in or out whenever you need -- no fees, no waiting period.

The trade-off? HYSA rates aren't fixed. They can rise or fall at any time, while CDs lock in your earnings for the entire term.

One standout right now is CIT Platinum Savings, which pays 3.85% on balances of $5,000 or greater. It's on par with some of the best CD rates. Find out more below.

CIT Platinum Savings

Member FDIC.

Rates as of Oct 02, 2025

CIT Platinum Savings

Member FDIC.
4.60/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
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4.60/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
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= Poor
Limited-Time Offer
Earn a bonus of up to $300 after a one-time deposit of $25,000+ Circle with letter I in it. This limited-time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025, and can end at any time without notice. Customers will receive a $225 or a $300 bonus provided that the program requirements are met. Click here to see promotion details and terms: https://www.cit.com/cit-bank/platinum-savings/PS2025
APY
3.85% Rate info Circle with letter I in it. 3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. To Earn APY
$5,000
  • Competitive APY
  • No account opening or maintenance fees
  • Unlimited number of external transfers (up to daily transaction limits)
  • FDIC insured
  • Interest compounds daily so your money can grow a bit faster
  • Balance requirement for maximum APY
  • No branch access; online only

CIT Platinum Savings is a no-frills high-interest savings account that offers one of the highest APYs we've found available today -- as long as you can maintain a $5,000 minimum balance. Plus, customers can make an unlimited number of transfers and withdrawals each month (many savings accounts have monthly limits). And right now, you can also score a cash bonus of up to $300 when you open a new account with promo code PS2025 and fund it within 30 days. Terms apply.

Open a CIT Platinum Savings Account

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.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product APY Min. to Earn
up to 4.50%
Rate info Circle with letter I in it. 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
3.40%
$0
Open Account for Discover® Online Savings

On Discover Bank's Secure Website.

4.10%
Rate info Circle with letter I in it. 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
Disclaimers

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code TMF925 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/12/2026, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.

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.

FAQs

  • You can, but there's usually a penalty. When you open a CD, you agree to leave your money in for a set time -- like 6 months, a year, or even multiple years. If you need it before then, the bank will likely charge you some of the interest you've earned. Early withdrawal penalties vary by bank. That's why CDs are best for money you don't plan to touch right away.

  • Yes. Certificates of deposit are one of the safest places to keep your money. Your deposits are insured by the FDIC (or NCUA if you use a credit union) up to $250,000 per person, per bank. That means even if the bank fails, your money is protected.

  • Rates are still among the best we've seen in years, but they may not stay this high for long. The Fed cut rates last month as expected, and additional cuts are a possibility before the year is over. CD rates are likely to start trending downward as a result. Locking in now means you keep today's return all the way through your CD's term.

Our Research Expert