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The Highest CD Rates Today, March 23, 2025: Up to 4.65% APY

Published March 23, 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.

See Full Bio

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 today are around 4.50% to 4.65%. Short-term CDs of 12 months or less offer the highest annual percentage yields (APYs) available now.

We can expect CD rates to stay relatively stable in the coming months, making now a great opportunity to take advantage of a CD while rates remain attractive.

Here are some of the highest CD rates we found 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 these CDs stand out

The selection of CDs above all caught our eye for the same reasons. Each of them meet the following criteria:

  • Perhaps most importantly, they offer extremely competitive rates. Some CDs have slightly higher rates, but most come with a catch.
  • They also require reasonable minimum deposits. Some CDs require a minimum deposit of $5,000 or more, while the CDs above let you deposit as little as $500.
  • They can be opened online with just a few clicks. All the CDs on our list can be opened quickly and conveniently from the bank issuer's website.
  • They're from nationwide financial institutions. 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 worrying about special qualifying criteria.

The Best CD Rates From Our Partners Today

Rates as of July 8, 2025
LendingClub CD

LendingClub CD

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

On LendingClub's Secure Website.

Discover® Bank CD

Discover® Bank CD

Member FDIC.
APY:
4.00%
Term:
1 Year
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.

Is it a good time to open a CD?

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

If you agree with the following sentiments, it could be an excellent time to open a CD:

  • You are seeking a secure, guaranteed return on your money.
  • 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 confident committing your funds 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 the event of bank failure. 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 a predetermined period of time, check out our list of the best high-yield savings accounts.

How 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 or cellphone:

  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 bank 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, date of birth, 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 via email or in your online banking portal.

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

After your CD is open, be sure to note its maturity date. Banks typically provide a grace period of seven to 10 days after your CD matures 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.

Earn up to 4.10% APY without locking away your cash

The best high-yield savings accounts offer perks such as greater flexibility, the ability to deposit and withdraw funds whenever you choose, and an easy way to swiftly transfer money to other accounts. Best of all: there's no commitment required.

Unlike CDs where your rate is guaranteed, savings accounts are variable-rate accounts, and as such, your rate can change at any time. However, high-yield savings accounts currently have APYs that rival the best CDs, so they both remain good options for your funds.

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. 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 and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. 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
Earn up to $300 bonus with direct deposit. Plus, new customers earn an extra 0.70% APY on savings for up to 6 months with direct deposit (terms apply) -- that equals up to 4.50% APY! 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 and enroll in SoFi Plus by 9/3/25. 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 August 7, 2025. Terms apply.
Min. to earn: $0
N/A
3.90%
Rate info Circle with letter I in it. Balances less than $250,000 earn 3.90%, and balances greater than $250,000 earn 4.10%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.