Best CD Rates Today, Oct. 31, 2025: Grab APYs up to 4.34% Before They're Gone
Image source: Getty Images
The Fed just announced another quarter-point rate cut -- and CD rates are already starting to slide. After the September cut, many banks trimmed their top APYs, and now that a second cut is official, more drops are likely on the way.
If you're thinking about opening a CD, now's a smart time to act. A fixed rate gives your money a stable, predictable return -- and helps you lock in one of today's higher yields before they disappear.
Here are some of the best CD offers still available right now.
Featured offers
LendingClub CD
On LendingClub's Secure Website.
Synchrony Online CD
On Synchrony Bank's Secure Website.
Discover® Bank CD
On Discover Bank's Secure Website.
Best CD rates today, Oct. 31, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| 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 |
| Bread Savings | 6 Months | 4.20% | $1,500 |
| DR Bank | 6 Months | 4.15% | $500 |
| Marcus by Goldman Sachs | 14 Months | 4.10% | $500 |
All CDs listed here are FDIC-insured, meaning your deposits are protected up to $250,000 per bank. The right choice depends on two things -- how long you're comfortable locking away your money and how much you plan to invest.
If you're looking for a short-term option, Climate First Bank is offering a 6-month CD with a 4.34% APY and just a $500 minimum deposit.
Prefer something longer? United Fidelity Bank's 5-year CD pays 4.30% APY with a $1,000 minimum.
LendingClub's 8 Mo. CD hits more in the middle ground -- solid return, low $500 minimum, and a term that keeps your cash accessible while still locking in today's higher yield.
LendingClub CD
On LendingClub's Secure Website.
Why opening a CD now makes sense
If you've got extra cash sitting in a savings account earning next to nothing, this could be the moment to move. CDs let you secure a higher, fixed return before rates continue to slide -- perfect for money you won't need for a while.
A CD could be a smart move if:
- You already have an emergency fund covering three to six months of expenses.
- Your long-term investments are on track.
- You'd rather earn steady, guaranteed growth than ride out market ups and downs.
With another Fed rate cut just announced, CD yields may not stay this high much longer. Acting now could help you lock in one of the last strong rates before they drift lower.
Example: Turn $25,000 into $25,678 in just 8 months
One of the best parts of a CD is knowing exactly what you'll earn from day one.
For example, if you deposit $25,000 into LendingClub's 8-month CD, your balance would grow to around $25,678 at maturity -- that's $678 in guaranteed interest with zero effort.
Your rate stays fixed the entire time, so even if yields drop again, your earnings won't. Locking in now could make a meaningful difference to your total returns over the next year. Check out our LendingClub CD review to learn more and secure your rate before it's gone.
LendingClub CD
On LendingClub's Secure Website.
How to open a CD in 5 simple steps
Setting up a CD only takes a few minutes. Here's how:
- Compare rates. Online banks often offer higher APYs than traditional ones.
- Choose your deposit. Most CDs don't let you add more later, and early withdrawals come with penalties.
- Apply. Fill out your information online or in person -- you'll need your ID, SSN, and bank account details.
- Transfer funds. Move your money from checking or savings; your rate locks once the deposit clears.
- Mark your maturity date. Set a reminder so you'll know when it's time to renew or cash out.
Once your CD is funded, your money starts earning automatically. Click here to see today's best CD rates.
Want flexibility instead? Try a high-yield savings account
If you’d rather keep your money easy to reach, a high-yield savings account (HYSA) could be a better fit. Many are still paying APYs that rival short-term CDs -- but with the added perk of full access to your cash.
- The upside: You can deposit or withdraw whenever you like, no penalties.
- The trade-off: HYSA rates can change anytime, while CD rates stay locked until maturity.
If flexibility matters more than a fixed rate, a top HYSA could give you the best of both worlds -- strong earnings and total access to your funds.
Featured HYSA pick: The Axos ONE® combo checking and savings account currently pays up to 4.51% APY on savings balances when you meet account requirements -- higher than many short-term CDs and with full access to your funds. Read our full review to learn more.
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 ONE® bundle makes your money work overtime – all under one roof. Meet the direct deposit and balance requirements, and you’ll earn up to 4.51% APY on savings and up to 0.51% APY on checking, some of the highest rates we’ve seen lately. There are no physical branches, but you can still access cash easily through a network of over 95,000 fee-free ATMs. It’s a simple, high-reward setup that actually pays off.
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
| Account | APY | Bonus | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
4.90/5
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
= Good
= Fair
= Poor |
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
|
Earn up to $300 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
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.
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for CIT Platinum Savings
On CIT's Secure Website.
4.60/5
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
= Good
= Fair
= Poor |
3.85%
Rate info
3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $5,000
|
Earn a bonus of up to $300 after a one-time deposit of $25,000+
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
|
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website.
4.40/5
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
= Good
= Fair
= Poor |
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
|
N/A
|
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
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.
Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of October 20, 2025. See the FDIC website for more information.
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.
-
Sources
- https:/www.unitedfidelity.com/high-yield-certificates-of-deposit/
- https://www.climatefirstbank.com/cd
- https://www.breadfinancial.com/en/bread-savings/certificates-of-deposit.html
- https://drbank.com/rates/
- https://www.marcus.com/us/en/savings/high-yield-cds
- https://www.lendingclub.com/personal-banking/savings/certificate-of-deposit
FAQs
-
Yes. Once your CD is opened and funded, the APY is locked in for the entire term, even if market rates drop.
-
You'll usually pay an early withdrawal penalty, which could reduce or cancel out your earned interest. That's why it's important to choose a term that fits your timeline.
-
A CD (certificate of deposit) is a savings product that pays a fixed interest rate for a set term -- typically from a few months to five years. You deposit money once, earn a guaranteed return, and withdraw or rollover into a new CD when the term ends.
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.