The Best CD Rates Today, March 26, 2025: Up to 4.65% APY
You can snag a short-term CD today with an annual percentage yield (APY) as high as 4.65%. Short-term CDs are those with terms of 12 months or less.
When the Federal Reserve made the decision a week ago today to hold rates steady, they all but guaranteed that CD rates will remain competitive, at least for the time being. As such, now could be a great time to lock in a high CD rate while they're still available.
Below, we've gathered a selection of the highest CD rates we could find.
| Bank | APY | Term | Minimum Deposit |
|---|---|---|---|
| OMB | 4.65% | 7 months | $1,000 |
| DR Bank | 4.65% | 6 months | $500 |
| MutualOne Bank | 4.59% | 6 months | $500 |
| Brilliant Bank | 4.55% | 9 months | $1,000 |
| NBKC Bank | 4.50% | 7 months | $1,000 |
Why these CDs made our list
The CDs we highlight above stand out to us for a handful of reasons. Perhaps most importantly, they offer extremely competitive rates. While there are CDs with marginally higher rates to be found, those often come with certain conditions that could limit accessibility or benefits.
Additionally, these CDs feature attainable minimum deposit requirements. Unlike other options that demand a $5,000 or more initial deposit, these CDs allow you to start with as little as $500. They are also accessible nationwide, unlike certain high-yield CDs offered by regional credit unions with membership restrictions. The CDs we selected are from banks that welcome membership from anyone in the U.S. without prerequisites pertaining to where you work or live.
The Best CD Rates From Our Partners Today
LendingClub CD
On LendingClub's Secure Website.
Discover® Bank CD
On Discover Bank's Secure Website.
Western Alliance Bank CD
On Raisin's Secure Website.
Want to find the best CD for your timeline and goals? Explore top rates by term:
- Best CD Rates -- Our expert picks for the top accounts available today
- Best 6-Month CD Rates -- Short-term savings with fast access
- Best 12-Month CD Rates -- Solid returns with just a 1-year commitment
- Best 5-Year CD Rates -- Maximize earnings over the long haul
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Is it a good time to open a CD?
Despite a decline since mid-2024, CD rates remain elevated. Although the Federal Reserve has currently opted to maintain the current federal funds rate, experts widely predict that rate reductions are probable later in 2025.
Now could be a great time to lock in a CD if:
- You want safe, guaranteed returns
- You want to protect your savings from near-term interest rate cuts
- You have cash that you can leave untouched for the full CD term
The best CDs come with FDIC insurance, ensuring that deposits of up to $250,000 per individual, per institution, are secure. While investing in CDs carries almost no risk, alternative options such as the stock market may offer the potential for greater returns.
How to open a certificate of deposit
Once you're ready to open a CD, the process is quick and easy to complete:
- Shop around with different financial institutions to find the highest APY for the term you want.
- Read the fine print and make sure you can meet the minimum deposit, if there is one, and ensure that you understand any early withdrawal penalties.
- Apply for a new account on the bank's website, mobile app, or over the phone. You'll likely be approved and ready to invest in minutes.
- Link an existing bank account to transfer funds to your new CD. Remember that you can only make one deposit per CD, so have your full investment ready to transfer.
Click here to explore the best CD rates and open a high-yield CD today.
Once you've opened your CD, make a note of its maturity date. Upon maturity, the bank generally follows one of two courses unless instructed otherwise: it either disburses your initial deposit along with the accrued earnings as cash, or it reinvests your funds into a new CD with the same term, which may feature a different APY.
Most banks offer a grace period of between seven and 10 days after the CD's maturity date for you to make a decision about your next steps.
Earn up to 4.10% APY and keep your funds flexible
If you want to earn a high APY with more flexibility and less commitment than a CD provides, then look into a high-yield savings account.
The best high-yield savings accounts will allow you to do the following:
- Deposit and withdraw money whenever you want.
- Transfer money to other accounts quickly and easily.
- Simply deposit cash and leave it as long as you'd like.
Savings account rates are variable, meaning you don't get the guarantee that you do with a CD. But right now, high-yield savings accounts are nearly on par with the best CDs, making them a great choice if you're not ready to lock up your money and risk having to pay a penalty to withdraw it early.
If you want to earn a competitive APY without committing your cash for a minimum of several months, check out our list of the best high-yield savings accounts.
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 3.80%
Rate info
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn
$0
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
up to 3.80%
Rate info
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
|
$0
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
American Express® High Yield Savings Account
Member FDIC.
APY
3.60%
Rate info
3.60% annual percentage yield as of June 16, 2025. Terms apply.
Min. to earn
$0
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
3.60%
Rate info
3.60% annual percentage yield as of June 16, 2025. Terms apply.
|
$0
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
Western Alliance Bank High-Yield Savings Premier
Member FDIC.
APY
4.30%
Rate info
The annual percentage yield (APY) is accurate as of May 2, 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. |
4.30%
Rate info
The annual percentage yield (APY) is accurate as of May 2, 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. |
Our Research Expert
Managing editor for Motley Fool Money. James has worked full-time for The Motley Fool since 2012. A longtime editor and former reporter, James oversees the production and quality of Motley Fool Money's editorial content.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.