Best CD Rates Today, Oct. 9, 2025: APYs Continue to Inch Down -- Secure up to 4.35% Now
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It's still early October, but CD rates are already starting to drift down after the Fed's rate cut in September. Several banks have trimmed their top APYs -- and with another Fed meeting coming up on Oct. 28-29, more cuts could be right behind.
Thinking about locking in a CD? Now's a great time. A fixed rate can help you secure one of today's better returns before they dip any further.
Take a look at some of the top CD rates still available.
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. 9, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| 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 |
| Bread Savings | 6 Months | 4.30% | $1,500 |
| United Fidelity Bank | 48 Months | 4.25% | $1,000 |
| LendingClub | 8 Months | 4.25% | $500 |
Every CD featured here is FDIC-insured, so your deposits are safe up to $250,000. The right fit really comes down to two things -- how long you're willing to set your money aside and how much you plan to invest.
If you're after a short-term win, United Fidelity Bank is offering 4.35% APY on a 6-month CD with a $1,000 minimum to open. Want to lock in for longer? The same bank's 5-year CD pays 4.30% APY with the same minimum deposit. Both options deliver steady, predictable growth.
Featured pick: LendingClub's 8 Mo. CD strikes a great balance -- solid returns, short timeline, and a low $500 minimum. It's long enough to ride out near-term rate cuts but short enough to keep your money within reach.
LendingClub CD
On LendingClub's Secure Website.
Why now could be the ideal time to open a CD
If you've got cash sitting in savings earning next to nothing, a certificate of deposit could be a smart move to lock in a high APY as rates begin trending downward. CDs are built for money you won't need for a while -- whether that's a few months or a few years -- and reward patience with guaranteed returns.
A CD may be worth considering if:
- You already have an emergency fund covering three to six months of expenses.
- Your long-term goals, like retirement, are on track with other investments.
- You prefer steady growth and less exposure to market swings.
With fixed APYs and FDIC insurance up to $250,000, CDs offer both security and peace of mind. And with yields already slipping, this could be one of your last opportunities to capture a top-tier rate before they fall further.
Example: Earn $703 in guaranteed interest in 8 months
One thing that makes CDs stand out is their predictability -- you'll know exactly how much you'll earn from day one.
Let's say you put $25,000 into LendingClub's 8-month CD. By maturity, your balance would reach about $25,703 -- that's $703 in guaranteed earnings in less than a year, with zero effort required.
With more Fed rate cuts on the horizon, locking in today's stronger yield could make a noticeable difference in your returns. Check out our LendingClub CD review to learn more and secure your rate while it lasts.
LendingClub CD
On LendingClub's Secure Website.
How to open a CD in 5 simple steps
Getting started takes just a few minutes. Here's how:
- Compare rates. Browse several banks -- online institutions often have the best offers.
- Decide your deposit. You usually can't add funds later, and early withdrawals come with penalties.
- Apply. Submit your info online or at a branch -- ID, Social Security number, and bank details.
- Transfer funds. Move money from checking or savings; your rate locks once the deposit posts.
- Track your maturity date. Set a reminder so you'll know when to withdraw or renew.
Once your CD is funded, your money starts earning automatically. Click here to see today's best CD rates.
Grow your money and keep it accessible
If you'd rather keep your cash within reach, a high-yield savings account (HYSA) might be the better call. Some of the best HYSAs right now are paying APYs close to what short-term CDs offer -- without locking up your money.
The upside is easy access: you can add or withdraw whenever you want, no fees or penalties. The downside? Rates can change at any time, unlike CDs, which hold your yield steady 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. |
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.
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FAQs
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When your CD term ends, you'll get back your original deposit plus the interest you earned. Most banks let you either withdraw the money or roll it into a new CD. Just make sure to act quickly -- some banks automatically renew if you don't respond within a few days.
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Yes. The interest you earn is considered income and reported to the IRS, even if you don't withdraw it until the CD matures. You'll get a 1099-INT form from your bank at tax time.
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Yes -- especially while APYs are still holding above 4.00%. With the Fed signaling more rate cuts ahead, locking in a CD today could mean earning more than you would a few months from now.
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.