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The Best CD Rates Today, March 22, 2025: Up to 4.65% APY

Published March 22, 2025
James McClenathen
Author: James McClenathen
James McClenathen
James McClenathen

James is the Managing Editor for Motley Fool Money, overseeing the production and quality of our editorial content. James has worked full-time for The Motley Fool since 2012. He's a personal finance wonk, longtime editor, former reporter, and University of Michigan alum.

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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 best certificate of deposit (CD) rates hover around 4.50% to 4.65% today. Short-term CDs, especially those with terms of 12 months or less, offer the most appealing rates in the current CD environment.

With the recent Federal Reserve meeting behind us and interest rates remaining unchanged (for now), we can expect CD rates to stay relatively stable in the coming months. This stability presents a great opportunity to take advantage of a CD now, while rates remain attractive.

Here are some of the best CD rates available today.

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 picked these CDs

You may be wondering what caught our eye about the selection of CDs 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.
  • Open online with just a few clicks. All the CDs on our list can be opened quickly and conveniently from the bank issuer's website.
  • 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.

The Best CD Rates From Our Partners Today

Rates as of April 22, 2025
Bank & CD Offer APY Term Min. Deposit Next Steps
LendingClub CD
Member FDIC.
Open Account for

On LendingClub's Secure Website.

APY:
4.10%
Term:
14 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Discover® Bank CD
Member FDIC.
Open Account for

On Discover Bank's Secure Website.

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

On Discover Bank's Secure Website.

Western Alliance Bank CD
Open Account for

On Raisin's Secure Website.

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.

Is now a good time to open a CD?

With the Federal Reserve's decision earlier this week to hold rates steady, competitive CD rates look to be around for at least a while longer.

If any of the following are true for 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 won't need to touch your cash for a while and are confident committing it for the full CD term.

The best CDs are covered by FDIC insurance. This safeguards deposits up to $250,000 per individual, per bank, in case a bank fails. Although CD investments carry minimal risk, alternative investments -- such as the stock market -- could offer higher returns, especially over the long term.

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

Steps to open a certificate of deposit

Once you're ready to open a CD, the process is fairly simple. The necessary steps can be completed right from your laptop computer or mobile phone:

  1. Choose a CD issuer: 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 highest APY and a term you're comfortable with.
  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: Read the terms and conditions associated with the CD carefully, paying special 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.

After your CD is open, make note of its maturity date. Banks typically provide a grace period of around seven to 10 days after the 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 or an alert saved in your phone so you can plan ahead 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 the commitment

The best high-yield savings accounts offer greater flexibility and require much 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, so they both remain good options at this time.

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 Promotion Next Steps
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.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!
3.60%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A
4.00%
Rate info Circle with letter I in it. Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.