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The highest certificate of deposit (CD) rates today fall within a range of about 4.50% to 4.65%, largely depending on the term. CDs with terms of 12 months or less currently boast the most attractive rates.
CD rates often mirror movements in the federal funds rate. In last week's meeting, the Federal Reserve opted to keep rates unchanged. Nonetheless, there remains the possibility of rate cuts later this year, making it potentially advantageous to secure today's rates while they're still available.
Here's a look at a selection of the best CD rates you can find 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 |
NBKC Bank | 4.50% | 7 months | $1,000 |
The CDs we highlight above stand out to us for several compelling reasons. First, they offer extremely competitive rates. While there are CDs with marginally higher rates, those often come with certain conditions or catches that could limit accessibility or benefits.
Additionally, these CDs feature low minimum deposit requirements. Unlike other options that demand a $5,000 or more initial deposit, these CDs allow you to start with as little as $500. They are also accessible nationwide, unlike certain high-yield CDs offered by regional credit unions with membership restrictions. The CDs we selected are from banks that welcome membership from anyone in the U.S. without complex prerequisites.
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.
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:
If you want to earn a competitive APY without committing your cash for a minimum of several months, check out our list of the best high-yield savings accounts.
The best CDs are covered by FDIC insurance, 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.
Once you're ready to open a CD, the process is fairly simple.
Click here to explore the best CD rates and open a high-yield CD today.
Once you've opened your CD, it's important to make a note of its maturity date. Upon maturity, the bank generally follows one of two courses unless instructed otherwise: it either disburses your initial deposit along with the accrued earnings as cash, or it reinvests your funds into a new CD with the same term, which may feature a different annual percentage yield (APY).
Most banks offer a grace period of seven to 10 days after the CD's maturity date for you to make a decision about your next steps.
If you want to earn a high APY with more flexibility and less commitment, then look into a high-yield savings account.
The best high-yield savings accounts will allow you to do the following:
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.
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 |
---|---|---|---|
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Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
4.90/5
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 4.50%
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 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
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. |
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Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
4.80/5
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 October 3, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
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Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website.
4.40/5
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.
|
4.10%
Rate info
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
Min. to earn: $500 to open, $0.01 for max APY
|
N/A
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Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
The annual percentage yield (APY) is accurate as of September 30, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
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.