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The Highest CD Rates Today, March 20, 2025: Up to 4.65% APY

Published March 20, 2025
James McClenathen
Author: James McClenathen
James McClenathen
James McClenathen
Editorial Strategist

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.

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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.

As experts largely predicted, the Federal Reserve decided to hold the federal funds rate steady at the conclusion of its March meeting yesterday afternoon. As such, CD rates should remain at their currently-elevated levels, at least until after the next Fed meeting, where the board will again have the chance to decrease (or increase) rates. The Federal Reserve meets next on May 6.

Currently, the most competitive CDs are offering annual percentage yields (APYs) ranging from 4.50% to 4.65%. These attractive rates are typically available on CDs with terms of up to a year. The relatively short commitment period makes these CDs an appealing choice for investors who aren't comfortable locking up their money for the longer term.

Below is a selection of some of the highest CD rates available today, hand-picked by our experts.

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
One American Bank 4.52% 6 months $500
Data source: Issuing banks.

What makes these CDs stand out?

With the vast number of CDs out there, you might be wondering what caught our eye about the selection above. Each of the CDs on our list meet the following criteria:

  • The CDs listed here provide highly competitive rates with some of the best APYs available.
  • You can begin investing with a minimum deposit as low as $500, making them more accessible compared to CDs that require larger amounts (sometimes $5,000 or more).
  • These CDs are offered on a national level, with no special qualifying criteria.
  • Each of these CDs can be quickly and conveniently opened online through the bank issuer's website in just a few minutes.

The Best CD Rates From Our Partners Today

Rates as of April 3, 2026
Quontic CD

Quontic CD

Member FDIC.
APY:
3.75%
Term:
6 Months
Min. Deposit:
$500
Open Account for

On Quontic's Secure Website.

Western Alliance Bank CD

Western Alliance Bank CD

APY:
3.00%
Term:
3 Months
Min. Deposit:
$1
Open Account for

On Raisin's Secure Website.

Synchrony Online CD

Synchrony Online CD

Member FDIC.
APY:
4.00%
Term:
14 Months
Min. Deposit:
$0
Open Account for

On Synchrony Bank'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.

Is it the right time to open a CD now?

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

  • Seeking a secure, guaranteed return on your cash? Now is an excellent opportunity to consider a CD.
  • Concerned about possible interest rate reductions later this year? Locking in a CD can help protect your savings.
  • Positive that you won't need to touch your cash for a while? CDs are an ideal choice if you can commit your cash for the full term without needing access to it.

Top-rated CDs come equipped with FDIC insurance, providing protection for deposits up to $250,000 per individual, per bank, in the event of a bank failure. While CD investments involve very little risk, you might find higher returns in alternative investments, like the stock market.

If you want to earn a high APY without committing your funds for three months or more, check out our list of the best high-yield savings accounts.

Steps to open a CD

When you're ready, you can open a CD right from the comfort of home. Here's how:

  1. Research and choose a bank: Start by researching different banks and financial institutions to compare their CD offerings, focusing on interest rates, terms, and minimum deposit requirements. Select the financial institution that offers the best APY and term for your needs.
  2. Visit the website and find CDs: Go to the official website of your chosen bank and navigate to their Certificates of Deposit section, which might be listed under personal banking or investment products.
  3. Select your CD and begin application: Look through the available CD options and choose the one that suits your preferences. Start the online application by clicking the option to open a new CD account.
  4. Enter personal information and funding details: Provide the required personal information, such as your name, address, and Social Security number. Select a funding source to transfer money from an existing bank account.
  5. Review and agree to terms: Carefully read the terms and conditions associated with the CD, paying attention to any early withdrawal penalties, before agreeing to them.
  6. Submit application and receive confirmation: After ensuring all details are correct and you've agreed to the terms, submit your application. You will receive confirmation and any necessary documentation through email or your online banking portal.
  7. Note your CD's maturity date: Typically, banks provide a grace period of approximately seven to 10 days after the CD's maturity date for you to either withdraw your funds or reinvest in a new CD. It's a good idea to have the maturity date marked on a calendar and a plan in mind for what you will do with your funds at the end of the CD term.

Click here to explore the best CD rates and open a high-yield CD today.

Score up to 4.30% APY without restricting access to your funds

Top high-yield savings accounts offer greater flexibility and reduced commitment, allowing you to deposit and withdraw funds whenever necessary and swiftly transfer money to different accounts.

Unlike CDs, savings accounts have variable interest rates, permitting banks to adjust your APY at their discretion. Despite this, the APYs of high-yield savings accounts currently rival the best CD rates, so depending on your financial circumstances and personal preference, either option could be a great choice now.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Account APY Bonus Next Steps
up to 4.00%
Rate info Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply. Circle with letter I in it.

Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
up to 4.10%*
Rate info Circle with letter I in it. 4.10%* APY for balances of $5,000 or more; otherwise, 0.60%* APY
Min. to earn: $5,000
Earn up to 4.10% APY with promo code CITBoost Circle with letter I in it.

With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates-- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees.
3.80%
Rate info Circle with letter I in it. The annual percentage yield (APY) is accurate as of January 8, 2026 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
N/A
Disclaimers

The annual percentage yield (APY) is accurate as of January 8, 2026 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 March 16, 2026. See the FDIC website for more information.

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 January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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 February 17, 2026.

* Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.

The promotion can end at any time without notice.

For complete list of account details and fees, see our Personal Account disclosures.

CIT General Disclosures

CIT updates the multiplier information based on the FDIC National Rates. The FDIC publishes their rate on the third Monday of each month (always will be their effective date) and CIT updates its site by the end of that week.

CIT updates its APY disclosure only when there is a rate change (increases or decreases)

For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms