Best CD Rates Today, Oct. 5, 2025: Don't Let APYs up to 4.40% Slip Away -- Lock In Now
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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
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. 5, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| LendingClub | 8 Months | 4.40% | $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 4.40% 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 4.40% 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.
LendingClub CD
On LendingClub's Secure Website.
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.
LendingClub CD
On LendingClub's Secure Website.
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 4.51% 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.
On Axos Bank's Secure Website.
Member FDIC.
Axos ONE®
On Axos Bank's Secure Website.
= Best
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= 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. |
Discover® Online Savings
Member FDIC.
APY
3.40%
Min. to earn
$0
Open Account for Discover® Online Savings
On Discover Bank's Secure Website. |
3.40%
|
$0
|
Open Account for Discover® Online Savings
On Discover Bank'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. |
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.
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.
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Sources
FAQs
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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.
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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.
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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.