The Best CD Rates Today, April 12, 2025: Up to 4.65% APY

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[[{“value”:”Image source: Upsplash/The Motley Fool
Looking to boost your savings? Right now, CDs offer rates from 4.50% to 4.65%. Short-term CDs that mature in a year or less top the charts.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. The Fed has held rates steady for the time being, but they could dip later this year. Locking in these rates now could be a smart move before they decrease.Check out the best CD rates 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$500Ponce Bank Direct4.50%3 Months$500Data source: Issuing banks. Rates are accurate as of April 11, 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?With the Federal Reserve’s March decision to hold rates steady, competitive CD rates look to be around for at least a while longer.If any of the following are true for you, it could be a great time to open a CD:You are seeking a secure, guaranteed return on your cash.You’re concerned about possible interest rate reductions later this year and want to lock in a competitive rate now to protect your savings.You won’t need to touch your cash for a while and are confident committing it for the full CD term.The best CDs are covered by FDIC insurance. This safeguards deposits up to $250,000 per individual, per bank, in case a bank fails. Although CD investments carry minimal risk, alternative investments — such as the stock market — could offer higher returns, especially over the long term.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”:”

Looking to boost your savings? Right now, CDs offer rates from 4.50% to 4.65%. Short-term CDs that mature in a year or less top the charts.

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.

The Fed has held rates steady for the time being, but they could dip later this year. Locking in these rates now could be a smart move before they decrease.

Check out the best CD rates available today.

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.

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?

With the Federal Reserve’s March decision to hold rates steady, competitive CD rates look to be around for at least a while longer.

If any of the following are true for you, it could be a great time to open a CD:

• You are seeking a secure, guaranteed return on your cash.
• You’re concerned about possible interest rate reductions later this year and want to lock in a competitive rate now to protect your savings.
• You won’t need to touch your cash for a while and are confident committing it for the full CD term.

The best CDs are covered by FDIC insurance. This safeguards deposits up to $250,000 per individual, per bank, in case a bank fails. Although CD investments carry minimal risk, alternative investments — such as the stock market — could offer higher returns, especially over the long term.

How to open a CD

Opening a CD is quick and simple. Just follow these steps:

1. Search for the highest APY that suits your term needs.
2. Read the details and check if you can meet the minimum deposit.
3. Apply online using the bank’s app, or call them. Approval often takes just minutes.
4. 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:

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 4.10% 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.

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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