Best CD Rates Today, April 18, 2025: Up to 4.65%

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[[{“value”:”Image source: The Motley Fool/Unsplash
CD rates are buzzing right now, especially for terms of six to 12 months. The best rates range from 4.50% to 4.65%.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. With possible Fed cuts on the horizon, it could be wise to grab a CD soon. Don’t wait if you want the best deal.Below is a selection of the top CD rates today — perfect for boosting your savings.BankAPYTermMinimum DepositOMB4.65%7 Months$1,000United Fidelity Bank4.60%10 Months$1,000T Bank4.60%6 Months$500Brilliant Bank4.55%9 Months$1,000T Bank4.50%12 Months$500Data source: Issuing banks. Rates are accurate as of April 17, 2025.Why we chose these CDsExtremely 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.Online convenience. All the CDs on our list can be opened and managed quickly and conveniently on the bank issuer’s website, from the comfort of home.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.Should you open a CD?In mid-2024, CD rates started to decline as the Fed cut rates for the first time in four years. Despite this dip, CDs are still a solid choice. The Fed is keeping rates steady now, but further cuts could occur later this year.Here’s why CDs are worth considering:They offer stable and safe returnsThey protect against future rate drops during the CD termThey have FDIC insurance protection up to $250,000 per depositor, per bankCDs provide low-risk, steady returns on your savings. But if you have a longer investment timeline or can take on more risk, the stock market might offer greater growth potential.Steps to open a CDWhen you’re ready, you can open a CD in just a few simple steps:Shop around and compares rates to find the best APY for the term you want.Read the fine print and make sure you can meet any minimum deposit requirements.Apply for your new CD on the bank’s website or mobile app, or over the phone. You’ll likely be approved and ready to invest in minutes.Link an existing bank account to transfer funds to a new CD.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:Pay out your initial deposit plus your earnings as cashReinvest 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 4.40% APY without giving up access to your fundsIf you want to earn a high APY with more flexibility and less commitment, a high-yield savings account will allow you to deposit and withdraw money whenever you want and transfer money to other accounts quickly and easily. You can leave your money in the account as long as you want, with no time requirement.Unlike CDs, savings accounts have variable rates, meaning they can change any time at the issuer’s discretion. But right now, high-yield savings account rates are nearly on par with the best CD rates, making either one a great choice, 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.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. 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.”}]] [[{“value”:”

CD rates are buzzing right now, especially for terms of six to 12 months. The best rates range from 4.50% to 4.65%.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

With possible Fed cuts on the horizon, it could be wise to grab a CD soon. Don’t wait if you want the best deal.

Below is a selection of the top CD rates today — perfect for boosting your savings.

Why we chose these CDs

• 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.
• Online convenience. All the CDs on our list can be opened and managed quickly and conveniently on the bank issuer’s website, from the comfort of home.

Should you open a CD?

In mid-2024, CD rates started to decline as the Fed cut rates for the first time in four years. Despite this dip, CDs are still a solid choice. The Fed is keeping rates steady now, but further cuts could occur later this year.

Here’s why CDs are worth considering:

• They offer stable and safe returns
• They protect against future rate drops during the CD term
• They have FDIC insurance protection up to $250,000 per depositor, per bank

CDs provide low-risk, steady returns on your savings. But if you have a longer investment timeline or can take on more risk, the stock market might offer greater growth potential.

Steps to open a CD

When you’re ready, you can open a CD in just a few simple steps:

1. Shop around and compares rates to find the best APY for the term you want.
2. Read the fine print and make sure you can meet any minimum deposit requirements.
3. Apply for your new CD 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, 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:

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 4.40% APY without giving up access to your funds

If you want to earn a high APY with more flexibility and less commitment, a high-yield savings account will allow you to deposit and withdraw money whenever you want and transfer money to other accounts quickly and easily. You can leave your money in the account as long as you want, with no time requirement.

Unlike CDs, savings accounts have variable rates, meaning they can change any time at the issuer’s discretion. But right now, high-yield savings account rates are nearly on par with the best CD rates, making either one a great choice, depending on your savings goals.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

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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