The Best CD Rates Today, April 9, 2025: Up to 4.65% APY

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[[{“value”:”Image source: The Motley Fool/Unsplash
Today, CDs are offering rates up to 4.65%. Short-term CDs have the best yields right now. These CDs usually mature in about a year or less.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 is keeping rates steady, but cuts might happen later this year. It makes sense to lock in these high rates while they’re still available.Below are some of the top CD 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$500LendingClub4.50%10 Months$2,500Data source: Issuing banks. Rates are accurate as of April 8, 2025.Why we picked these CDsExtremely competitive rates. Some CDs have slightly higher rates than those on our list, but most come with a catch.Low minimum deposits. The CDs above let you deposit as little as $500 to open.Online convenience. These CDs can be opened straight from the issuer’s website, from the comfort of home.Available nationwide. The CDs on our list come from banks that anyone in the U.S. can join without jumping through hoops.While the CDs above offer some of the most competitive rates available today, they’re not the only strong options worth considering. LendingClub offers a solid alternative, with CDs that are easy to open and come from a well-known digital bank. If you value a smooth online experience and flexible terms, it’s worth a look. Explore LendingClub 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?CD rates are still historically high, though they’ve dropped since mid-2024. The Federal Reserve has been hesitant to change interest rates so far in 2025, but experts agree that rate cuts are likely in the second half of the year.Now could be a great time to lock in a CD if:You want safe, guaranteed returnsYou want to protect your savings from near-term interest rate cutsYou have cash that you can leave untouched for the full CD termThe best CDs are FDIC insured, so deposits of up to $250,000 per person, per bank are safe. There’s virtually zero risk in CD investing, though you could potentially earn higher returns elsewhere, like the stock market.How to open a CDOpening a CD is fast and easy. Follow these simple steps:Look around for the highest APY for your desired term.Check the fine print and ensure you can meet any minimum deposit requirements.Apply for an account online, through the bank’s app, or over the phone. Approval is usually fast.Link your existing bank account to transfer funds. Keep in mind, you can only deposit once per CD.Click here to explore the best CD rates and open a high-yield CD today.After you open your CD, track its maturity date. Once your CD matures, the bank generally does one of two things, unless you direct them otherwise:Return your initial deposit plus interestReinvest your funds in a new CD with the same term at the issuer’s current APYBanks typically offer a grace period of seven to 10 days after maturity for you to decide your next steps.Earn up to 4.10% APY and keep your cash handyFor 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 now offer APYs close to top CDs. They provide great returns without the long-term commitment. Enjoy the ease and freedom while watching your savings grow.If you want to earn a competitive APY without committing 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.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 has a disclosure policy.”}]] [[{“value”:”

Today, CDs are offering rates up to 4.65%. Short-term CDs have the best yields right now. These CDs usually mature in about a year or less.

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 is keeping rates steady, but cuts might happen later this year. It makes sense to lock in these high rates while they’re still available.

Below are some of the top CD options available today.

Why we picked these CDs

• Extremely competitive rates. Some CDs have slightly higher rates than those on our list, but most come with a catch.
• Low minimum deposits. The CDs above let you deposit as little as $500 to open.
• Online convenience. These CDs can be opened straight from the issuer’s website, from the comfort of home.
• Available nationwide. The CDs on our list come from banks that anyone in the U.S. can join without jumping through hoops.

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?

CD rates are still historically high, though they’ve dropped since mid-2024. The Federal Reserve has been hesitant to change interest rates so far in 2025, but experts agree that rate cuts are likely in the second half of the year.

Now could be a great time to lock in a CD if:

• You want safe, guaranteed returns
• You want to protect your savings from near-term interest rate cuts
• You have cash that you can leave untouched for the full CD term

The best CDs are FDIC insured, so deposits of up to $250,000 per person, per bank are safe. There’s virtually zero risk in CD investing, though you could potentially earn higher returns elsewhere, like the stock market.

How to open a CD

Opening a CD is fast and easy. Follow these simple steps:

1. Look around for the highest APY for your desired term.
2. Check the fine print and ensure you can meet any minimum deposit requirements.
3. Apply for an account online, through the bank’s app, or over the phone. Approval is usually fast.
4. Link your existing bank account to transfer funds. Keep in mind, you can only deposit once per CD.

Click here to explore the best CD rates and open a high-yield CD today.

After you open your CD, track its maturity date. Once your CD matures, the bank generally does one of two things, unless you direct them otherwise:

1. Return your initial deposit plus interest
2. Reinvest your funds in a new CD with the same term at the issuer’s current APY

Banks typically offer a grace period of seven to 10 days after maturity for you to decide your next steps.

Earn up to 4.10% APY and keep your cash handy

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 now offer APYs close to top CDs. They provide great returns without the long-term commitment. Enjoy the ease and freedom while watching your savings grow.

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.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 has a disclosure policy.

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