![Ecommerce Customer Journey Mapping — How to Set Potential Shoppers Up to Buy [Tips & Template]](https://i2.wp.com/www.hubspot.com/hubfs/ecommerce-Sep-13-2023-09-08-01-7144-PM.png?w=400&resize=400,250&ssl=1 "Ecommerce Customer Journey Mapping — How to Set Potential Shoppers Up to Buy [Tips & Template]")
The Best CD Rates Today: April 2, 2025
Looking to boost your savings? Today’s top CD rates sit between 4.50% and 4.65%. Short-term CDs, especially those under a year, offer the best rates right now.
Since the Federal Reserve won’t meet again until May, rates should hold steady for a bit. That makes now a good time to lock in a high-yield CD.
Ready to invest? Check out some of the best CD rates available today.
|
Bank |
APY |
Term |
Minimum Deposit |
|---|---|---|---|
|
OMB |
4.65% |
7 Months |
$1,000 |
|
DR Bank |
4.65% |
6 Months |
$500 |
|
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 |
4.50% |
10 Months |
$2,500 |
Data source: Issuing banks. Rates are accurate as of April 1, 2025.
Want to find the best CD for your timeline and goals? Explore top rates by term:
Should you open a CD?
CD rates have dipped since mid-2024, but they’re still worth a look. The Federal Reserve is holding rates steady for now, though experts see possible cuts later in 2025.
Now could be a great time to lock in a CD if:
- You want safe, guaranteed returns on your cash
- You want protection from near-term interest rate cuts
CDs are backed by FDIC insurance. Deposits up to $250,000 per person, per bank, are covered in the event of bank failure. While CDs are low-risk, the stock market might offer more gains.
How to open a CD
When you’re ready, you can open a CD in just a few simple steps:
- Shop around to find the highest APY for the term you want.
- Read the fine print and make sure you can meet the minimum deposit, if there is one.
- Apply for a new account 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 that you can only make one deposit per CD.
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 the commitment
If you want to earn a high APY with more flexibility and less commitment, then look into a high-yield savings account.
The best high-yield savings accounts allow you to:
- Deposit and withdraw money whenever you want
- Quickly transfer money to other accounts
Savings account rates are variable and can change at any time. However, high-yield savings accounts currently have APYs that rival the best CDs, making either one a great choice now, depending on your savings goals.
