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The Top CD Rates Today, March 24, 2025: Up to 4.65% APY

Published March 24, 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.

Today's top certificate of deposit (CD) rates range from about 4.50% to 4.65%, depending on the length of the CD term. Short-term CDs -- those with terms of 1 year or less -- currently offer the highest rates.

CD rates tend to fluctuate with the federal funds rate. At the Federal Reserve meeting last week, the Fed decided to hold rates steady for now. However, it's possible rate cuts could still come later in the year, so it might be wise to lock in today's rates.

Here are some of the top CD rates you can get now.

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

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

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.

Should you open a CD now?

CD rates are still historically high, though they've dropped since mid-2024. The Federal Reserve is holding rates steady for now, but experts agree that rate cuts are likely later in 2025.

Now could be a great time to lock in a CD if:

  • You want safe, guaranteed returns
  • You want to protect your savings from near-term interest rate cuts
  • You have cash that you can leave untouched for the full CD term

The best CDs are FDIC insured, so deposits of up to $250,000 per person, per bank are safe. There's virtually zero risk in CD investing, though you could potentially earn higher returns elsewhere, like the stock market.

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 CD

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. Shop around to find the highest APY for the term you want.
  2. Read the fine print and make sure you can meet the minimum deposit, if there is one.
  3. Apply for a new account on the bank's website or mobile app, or over the phone. You'll likely be approved and ready to invest in minutes.
  4. Link an existing bank account to transfer funds to a new CD. Remember that you can only make one deposit per CD.

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

Once you've opened your CD, keep an eye on its maturity date. When a CD matures, the bank will typically do one of two things unless you say otherwise:

  1. Pay out your initial deposit plus your earnings as cash
  2. Reinvest your funds in a new CD with the same term (but potentially a different APY)

Most banks give you a grace period of seven to 10 days after the CD's maturity date to make a decision.

Earn up to 4.10% APY without locking up your money

If you want to earn a high APY with more flexibility and less commitment, then look into a high-yield savings account.

  • You can deposit and withdraw money whenever you want.
  • You can quickly transfer money to other accounts.
  • You can simply deposit cash and leave it, while CDs require some work and decision-making when they mature.

Savings account rates are variable and can change at any time. However, high-yield savings accounts currently have APYs that rival the best CDs, making either one a good choice now.

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.