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CD rates are still high, especially for terms of six months to 14 months. The best rates on the market are between 4.50% and 4.65%.These rates may not last long, though.
Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today – enjoy peace of mind with competitive rates.
The Federal Reserve expects to cut interest rates twice in the second half of 2025. Experts predict that the first cut could come as soon as mid-June. If you’re looking to open a CD, then now looks like a good time.
Here are some of the highest CD rates you can find today.
| Bank | APY | Term | Minimum Deposit |
|---|---|---|---|
| OMB | 4.65% | 7 Months | $1,000 |
| United Fidelity Bank | 4.60% | 10 Months | $1,000 |
| Brilliant Bank | 4.55% | 9 Months | $1,000 |
| Marcus by Goldman Sachs | 4.50% | 14 Months | $500 |
| United Fidelity Bank | 4.50% | 6 Months | $1,000 |
While the CDs above offer some of the most competitive rates available today, they’re not the only strong options worth considering. Discover offers a solid alternative, with CDs that are budget friendly, easy to open, and are available in a huge variety of terms. If you value a smooth online experience and the recognition of a trusted digital bank, they’re worth a look. Explore Discover® Bank rates here.
Want to find the best CD for your timeline and goals? Explore top rates by term:
CD rates have dipped since mid-2024, but they remain high. The Federal Reserve is keeping rates steady for now, but experts think they might drop later in 2025. This might be the ideal time to lock in a CD if you want safe returns.
Consider CDs if you want to:
Top CDs are FDIC insured, protecting up to $250,000 per person, per bank. While CDs carry minimal risk, stocks could offer higher gains. However, stocks come with more risk.
Opening a CD is quick and simple. Just follow these steps:
Remember, each CD allows only one deposit. Plan your amount wisely. When you’re ready, 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:
Most banks give you a grace period of seven to 10 days after the CD’s maturity date to make a decision.
For a high APY with added flexibility, consider a high-yield savings account. These accounts let you:
While savings rates can change, high-yield savings accounts currently offer APYs close to top CDs. They provide great returns without the long-term commitment, making either one a good choice now, depending on your savings goals.
If you want to earn a competitive APY without losing access to your cash for a minimum of several months, check out our list of the best high-yield savings accounts.
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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of Motley Fool Money. James McClenathen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.
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