If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
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 |
The selection of CDs above all caught our eye for the same reasons. Each of them meet the following criteria:
On Synchrony Bank's Secure Website.
On LendingClub's Secure Website.
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.
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:
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.
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:
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.
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.
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 |
---|---|---|---|
![]()
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
up to 3.80%
Rate info
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 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!
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.
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
![]()
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
3.50%
Rate info
3.50% annual percentage yield as of August 29, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
![]()
Open Account for Barclays Tiered Savings
On Barclays' Secure Website.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
3.90%
Rate info
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. |
Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.