Best CD Rates Today, Oct. 7, 2025: Get up to 4.40% APY While You Still Can
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It's only the first week of October, and CD rates are already starting to dip after the Fed's rate cut in September. Several banks have trimmed their yields -- and with another Fed meeting set for Oct. 28–29, more drops could be on the way.
If a CD is on your radar, this might be your best shot to lock in a strong APY. A fixed rate can keep your savings growing, even as market rates continue to fall.
Check out some of the best CD offers still available today.
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. 7, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| LendingClub | 8 Months | 4.10% | $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 is backed by FDIC insurance, which means your deposits are protected up to $250,000. Picking the right one mostly comes down to two things: how much you want to invest, and how long you're willing to leave it untouched.
If you're looking for something short-term, LendingClub is offering 4.10% APY on an 8 Mo. CD. You only need $500 to open the account. Prefer to lock in your rate for longer? United Fidelity's 5-year CD earns 4.30% APY with a $1,000 minimum deposit.
Top pick today: LendingClub's 8 Mo. CD stands out for combining solid returns with a short commitment. At 4.10% APY and a low $500 minimum, it's long enough to ride out rate cuts but short enough to keep your savings within reach.
LendingClub CD
On LendingClub's Secure Website.
Should you open a CD right now?
If you've got extra cash you won't need soon, a certificate of deposit (CD) can be a simple, low-risk way to earn more on it. CDs are built for money you can park -- whether that's a few months or a few years -- without touching it.
A CD might make sense if:
- You already have an emergency fund that covers three to six months of expenses.
- You're on track with your retirement or long-term investments.
- You'd rather have guaranteed growth than ride out market swings.
With fixed returns and FDIC insurance up to $250,000, CDs deliver both stability and peace of mind. And with rates already starting to dip, this could be one of your last chances to lock in a strong yield before they move lower.
Example: Earn $728 in guaranteed interest in 8 months
One of the biggest perks of CDs is predictability -- you'll know exactly what your balance will be when it matures.
Take LendingClub's 8-month CD as an example. A $25,000 deposit would grow to about $25,728 by maturity. That's $728 in guaranteed earnings in under a year, with zero guesswork.
With the Fed signaling more cuts ahead, capturing today's higher APYs could make a real difference in your returns. Read our full LendingClub CD review to find out more and lock in your rate today.
LendingClub CD
On LendingClub's Secure Website.
How to open a CD in 5 simple steps
It only takes a few minutes to open a CD. Here's how to do it:
- Compare rates. Check multiple banks -- online options often pay the most.
- Decide how much to deposit. You can't usually add more later, and early withdrawals cost you.
- Complete your application. You'll need your ID, Social Security number, and bank details.
- Fund your CD. Transfer money from checking or savings -- your rate locks once the funds arrive.
- Mark your calendar. Note the maturity date so you're ready to withdraw or renew when it ends.
Once your CD is open, your money starts earning automatically. Click here to see today's best CD rates.
Want more flexibility with your cash?
If you'd rather keep easy access to your money, a high-yield savings account (HYSA) might be a better fit. Some of today's best HYSAs pay rates close to what short-term CDs offer -- without tying up your funds.
The upside is flexibility: you can add or withdraw money whenever you want. The trade-off is that HYSA rates can change at any time, while CD rates stay fixed until maturity.
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.
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- 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
| Product | APY | Min. to Earn | |
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. |
Capital One 360 Performance Savings
Member FDIC.
APY
3.40%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Oct. 1, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn
$0
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website. |
3.40%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Oct. 1, 2025. Rates are subject to change at any time before or after account opening.
|
$0
|
Open Account for Capital One 360 Performance Savings
On Capital One'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.
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.
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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.