Best CD Rates Today, April 22, 2025: Up to 4.65%

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The best CD rates today are those between 4.50% and 4.65%. These rates can be found on short-term CDs — usually those 12 months or fewer.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 way, now’s the time to jump in. Secure the best rates before they fall.We’ve put together a list of today’s top CD rates for you. Look them over and see which fits your needs.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 21, 2025.Why we picked these CDsThe CDs in our list above offer extremely competitive rates with APYs among the highest we found. They have low minimum deposits, allowing you to start with as little as $500, unlike some CDs that require a minimum deposit of $5,000 or more.Additionally, these CDs are available nationwide and are offered by banks that anyone in the U.S. can join without dealing with the membership requirements a lot of credit unions impose. One final perk: Each of these CDs can be easily opened online, directly from the bank issuer’s website. It’s never been quicker to get started.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?Even though CD rates have decreased since mid-2024, they remain competitive. While the Federal Reserve has decided to keep the federal funds rate unchanged for now, many experts anticipate that rate cuts are likely to occur as we move further into 2025.Now could be an excellent time to lock in a CD if:You want safe, guaranteed returns on your cashYou want to protect your savings from the possibility of near-term interest rate cutsThe best CDs are backed by FDIC insurance, which protects deposits of up to $250,000 per person, per bank, in case of a bank failure. Although CDs present minimal risk, other investment avenues like the stock market might provide opportunities for higher returns.How to open a certificate of depositWhen you’re ready to open a CD, just follow these easy steps:Pick a bank: Look up banks to see which one offers the best CD rates and terms.Go online: Visit the bank’s site and find the Certificate of Deposit section under personal banking.Choose your CD: Select the CD that fits you and start the online application for a new account.Fill in details: Enter your personal info and pick a way to fund your CD from your bank account.Check terms and apply: Read the CD terms, especially about any early withdrawal fees, then submit your application.Note maturity date: Mark when your CD matures so you know when you need to either withdraw or reinvest your money.That’s all it takes!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.Earn up to 4.40% APY without restricting access to your fundsThe best high-yield savings accounts offer more flexibility, less commitment, and allow you to:Deposit and withdraw money whenever you want.Quickly transfer money to other accounts.Leave your cash on deposit as long (or not) as you want.Savings accounts have changing interest rates, so banks can adjust your rate whenever they want. However, high-yield savings accounts now offer great rates similar to the top CDs, so you can keep flexibility without losing much interest.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 and Uber Technologies. The Motley Fool recommends Barclays Plc and Discover Financial Services. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

The best CD rates today are those between 4.50% and 4.65%. These rates can be found on short-term CDs — usually those 12 months or fewer.

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 way, now’s the time to jump in. Secure the best rates before they fall.

We’ve put together a list of today’s top CD rates for you. Look them over and see which fits your needs.

Why we picked these CDs

The CDs in our list above offer extremely competitive rates with APYs among the highest we found. They have low minimum deposits, allowing you to start with as little as $500, unlike some CDs that require a minimum deposit of $5,000 or more.

Additionally, these CDs are available nationwide and are offered by banks that anyone in the U.S. can join without dealing with the membership requirements a lot of credit unions impose. One final perk: Each of these CDs can be easily opened online, directly from the bank issuer’s website. It’s never been quicker to get started.

Should you open a CD?

Even though CD rates have decreased since mid-2024, they remain competitive. While the Federal Reserve has decided to keep the federal funds rate unchanged for now, many experts anticipate that rate cuts are likely to occur as we move further into 2025.

Now could be an excellent time to lock in a CD if:

• You want safe, guaranteed returns on your cash
• You want to protect your savings from the possibility of near-term interest rate cuts

The best CDs are backed by FDIC insurance, which protects deposits of up to $250,000 per person, per bank, in case of a bank failure. Although CDs present minimal risk, other investment avenues like the stock market might provide opportunities for higher returns.

How to open a certificate of deposit

When you’re ready to open a CD, just follow these easy steps:

1. Pick a bank: Look up banks to see which one offers the best CD rates and terms.
2. Go online: Visit the bank’s site and find the Certificate of Deposit section under personal banking.
3. Choose your CD: Select the CD that fits you and start the online application for a new account.
4. Fill in details: Enter your personal info and pick a way to fund your CD from your bank account.
5. Check terms and apply: Read the CD terms, especially about any early withdrawal fees, then submit your application.
6. Note maturity date: Mark when your CD matures so you know when you need to either withdraw or reinvest your money.

That’s all it takes!

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.

Earn up to 4.40% APY without restricting access to your funds

The best high-yield savings accounts offer more flexibility, less commitment, and allow you to:

• Deposit and withdraw money whenever you want.
• Quickly transfer money to other accounts.
• Leave your cash on deposit as long (or not) as you want.

Savings accounts have changing interest rates, so banks can adjust your rate whenever they want. However, high-yield savings accounts now offer great rates similar to the top CDs, so you can keep flexibility without losing much interest.

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 and Uber Technologies. The Motley Fool recommends Barclays Plc and Discover Financial Services. The Motley Fool has a disclosure policy.

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