Best CD Rates Today, Oct. 5, 2025: Don't Let APYs up to 4.40% Slip Away -- Lock In Now
Image source: Getty Images
CD rates are starting to slip after the Fed's rate cut last month -- and we're less than a week into October. Several banks have already trimmed their yields, and with another Fed meeting set for Oct. 28–29, more cuts could be on the way.
If a CD is on your radar, it's a good time to act. Locking in a fixed rate now can help you grab one of today's still-high APYs before they fall any further.
Here are some of the best CD rates still up for grabs.
Featured offers
Western Alliance Bank CD
On Raisin's Secure Website.
Quontic CD
On Quontic's Secure Website.
Synchrony Online CD
On Synchrony Bank's Secure Website.
Best CD rates today, Oct. 5, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| LendingClub | 8 Months | 4.15% | $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 |
| United Fidelity Bank | 48 Months | 4.25% | $1,000 |
Every CD listed here comes from an FDIC-insured bank, which means your deposits are protected up to $250,000. Choosing the right one depends on two simple questions: how much do you want to invest, and how long can you leave it untouched?
If you'd like a shorter commitment, LendingClub is paying 4.15% APY on an 8 Mo. CD, with just $500 required to open. Prefer a long-term play? United Fidelity's 5-year CD comes in at 4.30% APY with a $1,000 minimum deposit. Both are strong choices depending on your timeline.
Top CD to consider today: LendingClub's 8 Mo. CD offers 4.15% APY and only needs $500 to start. It strikes a middle ground — long enough to guard your savings from inflation and possible rate cuts, yet short enough to keep your cash within reach.
Should you open a CD right now?
If you have cash you won't need anytime soon, a certificate of deposit (CD) could be a simple way to put it to work. CDs are built for money you can set aside -- whether that's a few months or several years -- without touching it.
A CD may be a good choice if:
- You already have an emergency fund in a high-yield savings account that covers 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 prefer guaranteed growth over the ups and downs of the stock market.
With fixed returns and FDIC insurance up to $250,000, CDs offer safety and stability. If you're looking for a low-risk place for extra savings, now could be the right time to lock one in.
Example: Earn $728 in guaranteed interest in just 8 months
One of the biggest perks of CDs is certainty -- you'll know from the start exactly how much you'll walk away with at maturity.
For instance, a $25,000 deposit in LendingClub's 8-month CD would grow to about $25,728. That's $728 in guaranteed earnings in less than a year, with no extra effort on your part.
And since rates are expected to dip again before year's end, locking in today's higher yield could give you an advantage. Read our full LendingClub CD review to find out more and lock in your rate today.
Open a CD in 5 simple steps
It doesn't take long to set up a CD -- and once you do, your money can start earning a fixed return. Here's what to do:
- Shop around for rates. Check offers from several banks. Online banks often beat traditional ones, so make sure to compare.
- Decide how much to deposit. You usually can't add more later, and pulling money out early means penalties. Pick an amount you're okay leaving alone.
- Apply online or in person. You'll need basic info like your ID, Social Security number, and funding account details.
- Move your money. Transfer funds from checking or savings into your new CD. Your rate locks in as soon as the deposit goes through.
- Mark the maturity date. Set a reminder so you'll know when your CD ends -- and be ready to withdraw or roll it over.
That's it. Five quick steps, and your savings are set to grow. Ready to lock in a top rate? Click here to see today's best CD rates.
Grow your savings and keep access to your cash
A high-yield savings account (HYSA) lets you earn a strong return without tying up your money. Some of today's best accounts pay APYs that stack up well against top CDs.
The big perk? Flexibility. You can deposit or withdraw whenever you need -- no fees, no waiting period.
The trade-off is that rates aren't fixed. HYSA APYs can change at any time, while CDs guarantee your return until the term ends.
One standout HYSA right now is the Axos ONE® savings and checking bundle, which pays a jaw-dropping rate of up to 4.21% APY on savings balances when account requirements are met. This APY tops the best CD rates available now. Learn more in our full review and open an account today.
Axos ONE®
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair
= Poor- 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 4.21% 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 2/1/2026. 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 4.21% APY on the first $499,999.99 and 4.01% APY on any additional balance 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 ACH deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., real time payments, 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) mobile check deposits, (iv) real time payments. 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, (v) ATM deposits.
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 2026
| 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 4.00%
Rate info
Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are 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.
4.80/5
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 4.10%*
Rate info
4.10%* APY for balances of $5,000 or more; otherwise, 0.60%* APY
Min. to earn: $5,000
|
Earn up to 4.10% APY with promo code CITBoost
With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates-- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees. |
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Open Account for EverBank Bank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
4.10%
Rate info
Earn a guaranteed 4.10% APY for 90 days. After that, your savings keep growing at a competitive standard rate -- currently 3.95% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees.
Min. to earn: $1
|
NEW CUSTOMER BONUS: Earn up to $1,500 with code FRESHSTART at sign-up.
New customers: earn up to $1,500 in cash bonuses when you open a savings account through the Raisin platform with code FRESHSTART and make a qualifying deposit within 14 days of your first deposit. Bonuses are tiered: $70 for depositing between $10,000 and $24,499, $175 for depositing between $25,000 and $49,999, $350 for depositing between $50,000 and $99,999, and $750 for depositing between $100,000 and $199,999, and $1,500 for depositing $200,000 or more. To receive the bonus, deposits must be maintained for 90 days. Offer ends May 31, 2026. |
Open Account for EverBank Bank High-Yield Savings Account from Raisin
On Raisin'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 January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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 February 17, 2026.
* Platinum Savings APY Boost Promotion Terms and Conditions
This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.
The promotion can end at any time without notice.
For complete list of account details and fees, see our Personal Account disclosures.
CIT General Disclosure
For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms
-
Sources
FAQs
-
When a CD reaches its maturity date, you'll have a short window -- usually seven to 10 days -- to withdraw your money or move it into a new CD. If you don't take action, the bank may automatically roll it into a new CD, often at a different rate or term.
-
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 continue trending downward as a result. Locking in now means you keep today's return all the way through your CD's term.
-
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.
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.
Motley Fool Stock Disclosures
Synchrony Financial is an advertising partner of Motley Fool Money. James McClenathen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Axos Financial and Goldman Sachs Group. The Motley Fool has a disclosure policy.