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The Top CD Rates Today, March 21, 2025: Up to 4.65% APY

Published March 21, 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.

The top certificate of deposit (CD) rates currently fluctuate between roughly 4.50% and 4.65%, depending on the term length. The most attractive rates are found in short-term CDs, particularly those with terms of a year or less.

With the March Federal Reserve meeting now in the rearview mirror and a decision to hold rates steady, we shouldn't see CD rates change much over the next couple months. That makes now a good time to capitalize on CD rates that are still very competitive, historically speaking.

Below are some of the top CD rates currently available.

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.

Why we chose these CDs

With the huge 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:

  • Extremely competitive rates. Some CDs have slightly higher rates, but most come with a catch.
  • Low minimum deposits. Some CDs require a minimum deposit of $5,000 or more, while the CDs above let you deposit as little as $500.
  • Available nationwide. Some high-yield CDs are offered by regional credit unions that not everyone can easily join. The CDs above come from banks that anyone in the U.S. can join without jumping through hoops.
  • Open online with a few clicks. All the CDs on our list can be opened quickly and conveniently from the bank issuer's website.

The Best CD Rates From Our Partners Today

Rates as of Sept. 30, 2025
LendingClub CD

LendingClub CD

Member FDIC.
APY:
4.45%
Term:
8 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Discover® Bank CD

Discover® Bank CD

Member FDIC.
APY:
3.50%
Term:
6 Months
Min. Deposit:
$0
Open Account for

On Discover 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.

Should you open a CD now?

With the Federal Reserve's decision to hold rates steady, competitive CD rates look to be here to stay for the time being.

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

  • You are seeking a secure, guaranteed return on your cash.
  • You're concerned about possible interest rate reductions later this year and want to lock in a competitive rate now to protect your savings.
  • You are reasonably sure that you won't need to touch your cash for a while and are ok committing it for the full CD term.

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.

How to open a CD

When you're ready, you can open a CD right from the comfort of home, in no time at all. Here's how:

  1. Choose a bank: Start by researching different banks and financial institutions to compare 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. Navigate to the issuer's website and begin application: Go to the official website of your chosen bank and navigate to their Certificates of Deposit section. Start the online application for the CD of your choice by clicking the option to open a new CD account.
  3. 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.
  4. 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.
  5. 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.

Bonus step: Make note of 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.

Earn up to 4.10% APY without locking up your money

Top high-yield savings accounts offer greater flexibility and less commitment, allowing you to deposit and withdraw funds whenever you choose and swiftly transfer money to other accounts.

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

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 4.50%
Rate info Circle with letter I in it. 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
Earn up to $300 and +0.70% Boost on Savings APY with direct deposit. Terms apply. Circle with letter I in it. 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.
3.50%
Rate info Circle with letter I in it. 3.50% annual percentage yield as of October 2, 2025. Terms apply.
Min. to earn: $0
N/A
4.10%
Rate info Circle with letter I in it. 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
N/A
Disclaimers

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.