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[[{“value”:”Image source: The Motley FoolWant an easy way to grow your savings? Currently, top CDs offer rates between 4.50% and 4.65%. Short-term CDs, maturing in a year or less, offer the best yields.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. Although the Fed’s rates are steady right now, they might drop later this year. Locking in these attractive rates before that happens could be a good idea.Explore some top CD rate options available today.BankAPYTermMinimum DepositOMB4.65%7 Months$1,000United Fidelity Bank4.60%10 Months$1,000Brilliant Bank4.55%9 Months$1,000Marcus by Goldman Sachs4.50%14 Months$500LendingClub4.00%10 Months$500Data source: Issuing banks. Rates are accurate as of April 10, 2025.Why we chose these CDsCompetitive rates. A few CDs out there might offer more, but there’s usually a catch.Open easily. You can open these CDs with as little as $500.Online convenience. Open them from your sofa through the issuer’s website.Nationwide access. These banks welcome everyone from across the U.S. with open arms.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.The Best CD Rates From Our Partners TodayWant to find the best CD for your timeline and goals? Explore top rates by term:Best CD Rates — Our expert picks for the top accounts available todayBest 6-Month CD Rates — Short-term savings with fast accessBest 12-Month CD Rates — Solid returns with just a 1-year commitmentBest 5-Year CD Rates — Maximize earnings over the long haulShould you open a CD now?Though CD rates have dipped since mid-2024, they remain high. The Federal Reserve hasn’t changed rates yet in 2025, but experts expect possible cuts later in the year. Now’s a great time to grab a CD before rates decrease.Consider CDs if you want to:Protect your savings from rate dropsSet aside cash for steady growthEnjoy FDIC protection for up to $250,000CDs pose minimal risk, perfect for cautious savers. Stocks might offer more gains, but carry more risk. CDs provide a secure alternative for steady growth.How to open a CDOpening a CD is quick and simple. Just follow these steps:Search for the highest APY that suits your term needs.Read the details and check if you can meet the minimum deposit.Apply online using the bank’s app, or call them. Approval often takes just minutes.Connect your bank account and transfer your money.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 4.10% APY without locking up your moneyFor a high APY with added flexibility, consider a high-yield savings account. These accounts let you:Deposit and withdraw money anytimeMove funds quickly to other accountsSimply stash cash, avoiding the work CDs require at maturityWhile 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.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”:”

Image source: The Motley Fool
Want an easy way to grow your savings? Currently, top CDs offer rates between 4.50% and 4.65%. Short-term CDs, maturing in a year or less, offer the best yields.
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.
Although the Fed’s rates are steady right now, they might drop later this year. Locking in these attractive rates before that happens could be a good idea.
Explore some top CD rate options available 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 |
LendingClub | 4.00% | 10 Months | $500 |
Why we chose these CDs
- Competitive rates. A few CDs out there might offer more, but there’s usually a catch.
- Open easily. You can open these CDs with as little as $500.
- Online convenience. Open them from your sofa through the issuer’s website.
- Nationwide access. These banks welcome everyone from across the U.S. with open arms.
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.
The Best CD Rates From Our Partners Today
Want to find the best CD for your timeline and goals? Explore top rates by term:
- Best CD Rates — Our expert picks for the top accounts available today
- Best 6-Month CD Rates — Short-term savings with fast access
- Best 12-Month CD Rates — Solid returns with just a 1-year commitment
- Best 5-Year CD Rates — Maximize earnings over the long haul
Should you open a CD now?
Though CD rates have dipped since mid-2024, they remain high. The Federal Reserve hasn’t changed rates yet in 2025, but experts expect possible cuts later in the year. Now’s a great time to grab a CD before rates decrease.
Consider CDs if you want to:
- Protect your savings from rate drops
- Set aside cash for steady growth
- Enjoy FDIC protection for up to $250,000
CDs pose minimal risk, perfect for cautious savers. Stocks might offer more gains, but carry more risk. CDs provide a secure alternative for steady growth.
How to open a CD
Opening a CD is quick and simple. Just follow these steps:
- Search for the highest APY that suits your term needs.
- Read the details and check if you can meet the minimum deposit.
- Apply online using the bank’s app, or call them. Approval often takes just minutes.
- Connect your bank account and transfer your money.
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 cash
- 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
For a high APY with added flexibility, consider a high-yield savings account. These accounts let you:
- Deposit and withdraw money anytime
- Move funds quickly to other accounts
- Simply stash cash, avoiding the work CDs require at maturity
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.
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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