Best CD Rates Today, May 14, 2025: Up to 4.55% APY

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

KEY POINTS

  • The best CD available now: 4.55% APY for a 6-month term.
  • The Fed might make a move to cut rates later this year, which will likely cause CD rates to move in tandem.
  • Much like CDs, HYSAs provide an excellent opportunity to grow your savings while rates remain high.

This time last week, the Federal Reserve decided to keep rates unchanged for at least a little while longer. Experts still expect interest rate cuts later this year, however, and some banks have already begun to lower their CD rates a bit in anticipation.

Now is an excellent time to lock in one of the highest CD rates while they're still hovering between 4.50% and 4.55%.

The CDs featured below have top-tier rates, minimum deposits as low as $500, and they're available to savers nationwide. Every one of them can be opened quickly online, with no branch visit required.

The best CD rates today, May 14, are above 4.00%. Top offers include:

  • United Fidelity Bank, 6 months: 4.55% APY
  • United Fidelity Bank, 10 months: 4.50% APY
  • OMB, 9 months: 4.50% APY
  • Presidential Bank, 7 months: 4.50% APY
  • My Banking Direct, 6 months: 4.50% APY
  • ableBanking, 6 months: 4.50% APY

Special pick: Now could be one of the last chances to lock in a yield this high before rates start to fall. LendingClub's 14-month CD currently offers 4.25% APY with just a $500 minimum deposit. Check out LendingClub's 14-month CD here.

Data source: Issuing banks. Rates are accurate as of May 13, 2025.

Best CD Rates at Top Banks in June 2025

Rates as of May 29, 2025

LendingClub CD

Member FDIC.
APY:
4.25%
Term:
14 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Discover® Bank CD

Member FDIC.
APY:
4.00%
Term:
1 Year
Min. Deposit:
$0
Open Account for

On Discover Bank's Secure Website.

Western Alliance Bank CD

APY:
4.00%
Term:
6 Months
Min. Deposit:
$1
Open Account for

On Raisin's Secure Website.

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.

Should you open a CD now?

With the Fed's decision last week to maintain the current federal funds rate, competitive CD rates should be available for at least a little while longer. However, experts largely still expect one or two rate cuts before the end of the year.

If any of the following apply to you, it could be a great time to open a CD:

  • 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 CDs carry very little risk, alternative options such as the stock market may offer the potential for greater returns.

How a $10,000 CD can earn you $480

The amount you can earn with a CD depends on three factors: the APY (annual percentage yield), your deposit amount, and the term length.

For example, a $10,000 deposit into a 14-month CD with a 4.10% APY would earn roughly $480 in interest by the time it matures -- with no risk of losing your principal.

Compare that to a traditional savings account, where rates are often much lower and can fluctuate over time. Locking in a top CD rate today, like LendingClub's 14-month CD, can help you maximize your returns before rates drop. See LendingClub's 14-month CD details here.

How to open a certificate of deposit

When you're ready, you can open a CD in just a few simple steps:

  1. Shop around to find the highest APY for the term you want.
  2. Read the fine print and make sure you can meet the minimum deposit, if there is one.
  3. Apply for a new account on the bank's website or mobile app, or over the phone. You'll likely be approved and ready to invest in minutes.
  4. Link an existing bank account to transfer funds to a new CD.
  5. Make note of your maturity date. When your CD matures, you'll have to decide whether to withdraw your cash or reinvest in a new CD.

Remember, each CD allows only one deposit. Plan your amount wisely. When you're ready, click here to explore the best CD rates and open a high-yield CD today.

CDs vs. high-yield savings accounts: Get a high APY without locking up your money

If you want to earn a high APY with more flexibility and less commitment, then look into a high-yield savings account.

  • You can deposit and withdraw money whenever you want.
  • You can quickly transfer money to other accounts.
  • You can simply deposit cash and leave it, while CDs require some work and decision-making when they mature.

Savings account rates are variable and can change at any time. However, high-yield savings accounts currently have APYs that rival the best CDs.

One standout right now is SoFi Checking and Savings (Member FDIC). This top-rated account offers up to 3.80% annual percentage yield (APY) on savings with qualifying direct deposits. Even better: New customers can earn up to a $300 bonus with qualifying direct deposits! It's an easy way to boost your savings without locking up your cash. Click here to learn more.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product APY Min. to Earn
up to 3.80%
Rate info Circle with letter I in it. 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
3.60%
Rate info Circle with letter I in it. 3.60% annual percentage yield as of June 6, 2025. Terms apply.
$0
4.30%
Rate info Circle with letter I in it. 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

FAQs

  • CD rates can be found up to 4.55% today. The highest CD rates are on short-term CDs. Right now, that includes CDs with terms of 10 months or less. Shop around and compare rates to find the most competitive rate for the term you want.

  • 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.

  • Experts currently expect the Federal Reserve to cut rates later this year, which could result in lower CD rates. However, if inflation climbs and the Fed raises rates instead, CD rates could increase. Rate movements aren't certain, and timing is unclear.

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