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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
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 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 July 31, 2026
EverBank CD Raisin

EverBank CD Raisin

APY:
4.10%
Term:
6 Months
Min. Deposit:
$1
Open Account for

On Raisin's Secure Website.

CIT Bank No-Penalty CD

CIT Bank No-Penalty CD

Member FDIC.
APY:
3.90%
Term:
11 Months
Min. Deposit:
$1,000
Open Account for

On CIT'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 Bonus Next Steps
up to 3.80%
Rate info Circle with letter I in it. Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) 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 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) 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.
4.15%
Rate info Circle with letter I in it. Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate — currently 3.97% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees. See product terms for complete details.
Min. to earn: $1
Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
4.00% APY with $250+ in monthly deposits
Rate info Circle with letter I in it. *LevelUp Rate of 4.00% APY applied to full balance with $250+ in deposits in Evaluation Period. Otherwise, accounts earn Standard Rate of 3.00% APY. LevelUp Rate applies to first two statement cycles. Rates variable & subject to change at any time. See terms: https://www.happen.com/legal/deposits/levelup-savings-t-and-cs
Min. to earn:
N/A
Open Account for Happen Bank LevelUp Savings

On Happen Bank's Secure Website.

Disclaimers

https://www.happen.com/legal/deposits/levelup-savings-t-and-cs

¹New customers only. Earn a cash bonus (the "Base Bonus") when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive a Base Bonus of $50 for depositing between $10,000 and $24,999; $125 for depositing between $25,000 and $49,999; $250 for depositing between $50,000 and $99,999; $500 for depositing between $100,000 and $199,999; and $1,000 for depositing $200,000 or more.

Customers may earn an additional bonus by setting up a recurring deposit within 14 days of their initial deposit (the “Recurring Deposit Bonus”). To qualify, the recurring deposit must be established within 14 days of the initial deposit date and it must execute at least two (2) times within 90-days of the initial deposit. Recurring Deposit Bonus eligibility is determined by your Base Bonus tier:

  • Customers depositing between $10,000–$24,999 with aggregate recurring deposits of $100 or greater receive a $10 bonus
  • Customers depositing between $25,000–$49,999 with aggregate recurring deposits of $250 or greater receive a $25 bonus
  • Customers depositing between $50,000–$99,999 with aggregate recurring deposits of $500 or greater receive a $50 bonus
  • Customers depositing between $100,000–$199,999 with aggregate recurring deposits of $1,000 or greater receive a $100 bonus
  • Customers depositing between $200,000+ with aggregate recurring deposits of $2,000 or greater receive a $200 bonus

Customers are eligible to earn the Recurring Deposit Bonus associated with their Base Bonus tier or any lower Recurring Deposit Bonus tier. For example, a customer with an initial deposit of $200,000 (qualifying for the highest Base Bonus tier) whose aggregate recurring deposits total $500, is eligible for the lower tier and will receive the $50 Recurring Deposit Bonus. However, setting up a recurring deposit greater than your Base Bonus tier's required threshold will not qualify you for a higher Recurring Deposit Bonus.

The Recurring Deposit Bonus is paid in addition to the Base Bonus. To qualify for the Base Bonus and Recurring Deposit Bonus, your first deposit must be initiated between June 1, 2026, and August 31, 2026, by 11:59 PM ET, and the promo code SUMMER26 must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for the Base Bonus. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.