Best CD Rates Today, Sept. 28, 2025: Don't Miss Out on APYs up to 4.45%
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The Fed's Sept. 17 rate cut is starting to show. Over the past week, several banks have already dropped their CD rates -- and more could be on the way.
If you've been on the fence about opening a CD, this is a good time to move. Locking in a fixed rate now can help you lock in today's higher yields before they slip further.
Below are some of the best CD rates still available.
Featured offers
LendingClub CD
On LendingClub's Secure Website.
Discover® Bank CD
On Discover Bank's Secure Website.
Best CD rates today, Sept. 28, 2025
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| LendingClub | 8 Months | 4.45% | $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 |
All of the CDs on this list are from FDIC-insured banks, so your deposits are safe up to $250,000. The right fit depends on two things: how much you want to invest and how long you're comfortable leaving it untouched.
If you'd like a shorter option, LendingClub is offering 4.45% APY on an 8 Mo. CD, with just $500 required to open. Prefer a longer-term choice? United Fidelity has a 5-year CD at 4.30% APY with a $1,000 minimum deposit. Both are strong contenders.
Featured CD: LendingClub's 8 Mo. CD pays 4.45% 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.
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: Grow $25,000 into $25,736 in just 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.
How to open a CD in 5 easy 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 clear standout now is CIT Platinum Savings. This account pays a competitive 3.85%, which is right up there with some of the best CD rates. It's also currently offering a limited-time welcome bonus for new account holders. Learn more below.
On CIT's Secure Website.
Member FDIC.
CIT Platinum Savings
On CIT's Secure Website.
= Best
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- Competitive APY
- No account opening or maintenance fees
- Unlimited number of external transfers (up to daily transaction limits)
- FDIC insured
- Interest compounds daily so your money can grow a bit faster
- Balance requirement for maximum APY
- No branch access; online only
CIT Platinum Savings is a no-frills high-interest savings account that offers one of the highest APYs we've found available today -- as long as you can maintain a $5,000 minimum balance. Plus, customers can make an unlimited number of transfers and withdrawals each month (many savings accounts have monthly limits). And right now, you can also score a cash bonus of up to $300 when you open a new account with promo code PS2025 and fund it within 30 days. Terms apply.
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.
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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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 on Sept. 17 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.