Best CD Rates Today, Sept. 23, 2025: Lock In up to 4.54% APY While You Still Can
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The Fed cut interest rates last week on Sept. 17, and CD rates may not stay this high for much longer. After holding steady for most of the year, yields could now start to dip -- slowly but surely.
If you're thinking about opening a CD, this might be your best shot to lock in a top rate. A certificate of deposit can help you secure today's returns and grow your money safely, even as rates begin to slide.
Take a look below at some of the best CD rates you can still grab today.
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, Sept. 23, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| Climate First Bank | 8 Months | 4.54% | $500 |
| United Fidelity Bank | 6 Months | 4.35% | $1,000 |
| United Fidelity Bank | 60 Months | 4.30% | $1,000 |
| Marcus by Goldman Sachs | 6 Months | 4.25% | $500 |
Every CD listed here comes from an FDIC-insured bank, so your money is safe up to $250,000. The right choice depends on two things: how much you want to deposit and how long you're comfortable keeping it there.
If you'd like a short-term option, Climate First Bank is paying 4.54% APY on an 8-month CD, with just a $500 minimum. Prefer to lock in a longer-term rate? United Fidelity has a 5-year CD at 4.30% APY with a $1,000 minimum deposit.
Featured CD: LendingClub's 8 Mo. CD pays 4.10% APY and has a $500 minimum deposit. It's long enough to protect your savings from inflation and potential rate cuts, yet short enough to keep your cash within reach.
LendingClub CD
On LendingClub's Secure Website.
Is now the time to open a CD?
If you've got cash you don't need right away, a certificate of deposit (CD) could be a smart, low-hassle option. CDs work best for money you can set aside -- whether it's just a few months or several years -- without dipping into it.
A CD may be the right fit if:
- You already have an emergency fund in a high-yield savings account (three to six months of expenses).
- Your retirement or other long-term goals are on track through investments like index funds or IRAs.
- You prefer guaranteed growth over the ups and downs of the stock market.
With FDIC insurance up to $250,000 and fixed returns, CDs offer safety and predictability. If you're looking for a secure spot to park extra savings, now could be the perfect time.
Example: Grow $25,000 into $25,736 in 8 months
The appeal of CDs is simple -- certainty. From the moment you open one, you'll know exactly what your balance will be when the term ends.
Take LendingClub's 8-month CD as an example. A $25,000 deposit would grow to about $25,736 by maturity. That's $736 in guaranteed earnings on a short timeline, with zero effort.
And with interest rates likely to drop again before the end of next year, locking in today's higher yield could put you ahead. 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
Getting started with a CD is quick, and once it's open, your money begins earning a steady return. Here's how to do it:
- Compare rates. Look at offers from several banks. Online banks often pay more than brick-and-mortar ones, so don't skip them.
- Choose your deposit. Most CDs don't let you add more later, and early withdrawals come with penalties. Pick an amount you're fine leaving untouched.
- Apply. You can open a CD online or at a branch. Be ready with your ID, Social Security number, and funding account details.
- Transfer funds. Move money from checking or savings into your new CD. Your rate locks in once the deposit is complete.
- Note the maturity date. Set a reminder for when the term ends so you'll know when to withdraw or renew.
That's all it takes -- five quick steps to lock in a fixed return. Click here to see today's best CD rates.
Boost your savings without locking up your money
A high-yield savings account (HYSA) lets you earn a competitive return while keeping your cash within easy reach. Some of today's best accounts are paying APYs that rival top CD rates.
The biggest advantage? Flexibility. You can add or withdraw funds anytime -- no penalties, no waiting.
The catch is that HYSA rates can shift at any time, unlike CDs, which lock in your return for the full term.
One clear standout now is NexBank High-Yield Savings Account from Raisin. This top-rated account pays 4.12% APY, which is right up there with the best CDs.
NexBank High-Yield Savings Account from Raisin
= Best
= Excellent
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= Best
= Excellent
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= Poor- High APY
- No monthly service fee
- Unlimited ACH transfers
- FDIC insured
- Deposits and withdrawals can only be conducted via ACH transfer to/from an external bank account (limited to one linked external account)
- No checking account offered through Raisin
- No branch access; online only
With a 4.12% APY -- one of the highest rates on any account we recommend -- the NexBank High-Yield Savings Account from Raisin stands out for savers who want serious returns with minimal effort. You only need $1 to open, and FDIC insurance through NexBank keeps your money protected. Raisin's secure online platform gives you 24/7 access to funds, and there's even a cash bonus opportunity if you deposit at least $10,000 within 14 days -- with higher deposits earning bigger rewards, up to $1,000. It's a no-fuss, set-it-and-forget-it option for growing your savings at a top rate.
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 4.30%
Rate info
Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus 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
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Earn up to $300 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
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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 |
4.05%
Rate info
The annual percentage yield (APY) is accurate as of November 6, 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
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N/A
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Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank'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 November 6, 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 website for more information.
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Sources
FAQs
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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 week as expected, so CD rates are likely to start 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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You can, but there's usually a penalty. When you open a CD, you agree to leave your money in for a set time -- like 6 months, a year, or even multiple years. If you need it before then, the bank will likely charge you some of the interest you've earned. Early withdrawal penalties vary by bank. That's why CDs are best for money you don't plan to touch right away.
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Yes. Certificates of deposit are one of the safest places to keep your money. Your deposits are insured by the FDIC (or NCUA if you use a credit union) up to $250,000 per person, per bank. That means even if the bank fails, your money is protected.
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.