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Best Certificate of Deposit Rates of 2025
By: Conor Keenan Last updated April 18, 2025
Conor Keenan, co-founder of CompareAccounts, is a notable personal finance expert with work seen in Wall Street Journal, CNN, Fox News, MSN & Yahoo Finance.
Editorial Independence: Our opinions, reviews, and recommendations are our own and not influenced by financial institutions or partners. Partner commissions keep our site free, but our content remains independent and is not commissioned by any partner or financial institution.
Boost your savings with the top CDs handpicked by our experts—lock in a high rate today and watch your money grow faster with the power of compound interest.
3.80% APY
On Discover Bank's Secure Site,
Member FDIC
Best For: Online Banking Experience + Customer Service
Term: 9 Months
Discover Bank offers 3.80% APY with no monthly fees and no minimum deposit required to open an account on their 9 Month CD.
Discover Bank is one of the first online focused banks to offer no monthly fees and what they call "No. Fees. Period."
Deposits are insured through the FDIC for up to $250,000 per depositor and if you have any questions Discover offers 100% U.S.-based Customer Service Available 24/7.
Interest compounds daily on this offer so lock in your 9 Month CD rate today & start earning guaranteed interest now.
See Discover Bank's Secure Site For More Details.
4.00% APY
Annual Percentage Yield (APY)
On U.S. Bank National Association's
Secure Site, Member FDIC
Best For: Shorter Term + Branch Access
Term: 5 Months
U.S. Bank offers 4.00% APY on their 5 month CD with no monthly fees and $1,000 initial deposit.
Exclusive rate on balances up to $250,000.
U.S. Bank has over 2,000 branch locations in more than half of U.S. states.
Deposits are insured through the FDIC for up to $250,000 per depositor and if you have any questions U.S. Bank offers "24-Hour Banking" meaning a customer service representative is available 24/7.
Interest compounds daily so lock in your 5 Month CD rate today & start earning guaranteed interest now.
See U.S. Bank's Secure Site For More Details.
4.30% APY
On Raisin's Secure Site
for Western Alliance Bank,
FDIC Insured
Best For: Shorter Term + High APY
Term: 6 Months
Western Alliance Bank offers 4.30% APY exclusively through the Raisin Platform on their 6 month CD.
Interest compounds daily and is posted to your account monthly.
This CD is a great fit if you're looking for a high APY but want access to your money sooner than other CD terms.
In addition to this high APY, Western Alliance offers $0 monthly maintenance fees and is insured by the FDIC for up to $250,000 per depositor.
Customer service is located in New York, they are available via phone or email. You'll also have 24/7 access to your account and funds.
Western Alliance Bank was founded in 1994 and is consistenly ranked among the top banks. They were ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens.
Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, or $500 bonus for $50K deposited or more. Use promo code BOOST at sign-up.
See Raisin's Secure Site for Western Alliance Bank to Get More Details.
Compare With
Not Recommended
2.00% APY
Not Recommended. Shown For Comparison Purposes Only.
Term: 6 Months
Chase Bank is one of the largest and most well known banks in the United States. Unfortunately, they offer a low 2.00% APY on their 6 month CD.
This is their "Relationship Rate."
You must have a linked Chase personal checking account to receive these rates. Otherwise, you'll receive 0.01% APY
Because of the bottom barrel APY and the need to link a personal checking account, we don't recommend you opening a CD with Chase Bank.
4.00% APY
On Discover Bank's Secure Site,
Member FDIC
Best For: Online Banking Experience + Customer Service
Term: 12 Months
Discover Bank offers 4.00% APY with no monthly fees and no minimum deposit required to open an account on their 12 Month CD.
Discover Bank is one of the first online focused banks to offer no monthly fees and what they call "No. Fees. Period."
Deposits are insured through the FDIC for up to $250,000 per depositor and if you have any questions Discover offers 100% U.S.-based Customer Service Available 24/7.
Interest compounds daily so lock in your 12 Month CD rate today & start earning guaranteed interest now.
See Discover Bank's Secure Site For More Details.
3.50% APY
On CIT Bank's Secure Site,
Member FDIC
Best For: High APY Interest Rates + Mobile App
Term: 13 Months
CIT Bank currently offers 3.50% APY on their 13 Month CD with no monthly fees.
CIT Bank’s mobile app give you 24/7 access to your CD account. The mobile app is available for both IOS & Android devices.
You can open a CIT Bank 13 Month CD with as little as $1,000 and it only takes about 5 minutes to complete the sign-up process.
Deposits are insured through the FDIC for up to $250,000 per depositor and interest compounds daily to maximize your earning potential.
See CIT Bank's Secure Site For More Details.
3.65% APY
On Raisin's Secure Site for
GreenState Credit Union, NCUA Insured
Best For: Credit Union + High Interest Rates
Term: 10 Months
GreenState Credit Union offers 3.65% APY exclusively through the Raisin Platform.
Established in 1938, GreenState Credit Union has been serving its members for over 85 years.
It is the 18th Largest Credit Union by assets in the USA with over $11 Billion in Assets and 400,000+ members living in all 50 states.
This APY is substantially higher than what you’ll find at a typical credit union.
In addition to this high APY, GreenState Credit Union offers $0 monthly maintenance fees and is federally insured by the NCUA for up to $250,000 per depositor.
Customer service is located in New York, they are available via phone or email. You'll also have 24/7 access to your account and funds.
See Raisin's Secure Site for GreenState Credit Union For More Details.
Compare With
Not Recommended
2.00% APY
Not Recommended. Shown For Comparison Purposes Only.
Term: 12 Months
Wells Fargo is also one of the largest banks in the United States and also offers a very low APY for their CD accounts.
They currently offer a sad 2.00% APY on their 12 Month CD.
They require a minimum opening deposit of $2,500 and depending on where you live, your interest rate may vary as rates vary from state to state.
Because of the bottom barrel APY and varying rates by state, we don't recommend you opening a savings account with Wells Fargo.
3.00% APY
On CIT Bank's Secure Site,
Member FDIC
Best For: High APY Interest Rates + Mobile App
Term: 18 Months
CIT Bank currently offers 3.00% APY on their 13 Month CD with no monthly fees.
CIT Bank’s mobile app give you 24/7 access to your CD account. The mobile app is available for both IOS & Android devices.
You can open a CIT Bank 18 Month CD with as little as $1,000 and it only takes about 5 minutes to complete the sign-up process.
Deposits are insured through the FDIC for up to $250,000 per depositor and interest compounds daily to maximize your earning potential.
See CIT Bank's Secure Site For More Details.
Compare With
Not Recommended
0.03% APY
Not Recommended. Shown For Comparison Purposes Only.
Term: 12 Months
Bank of America, another large bank that offers nearly nothing on their CDs.
They currently offer a regretful 0.03% APY on their 12 Month CD.
Bank of America requires a minimum opening deposit of $1,000 to earn this sad, low APY.
Because of there are better options on this page to earn a higher APY from trusted banks, we don't recommend you opening a CD with Bank of America.
3.80% APY
On Discover Bank's Secure Site,
Member FDIC
Best For: Longer Term + Customer Service
Term: 24 Months
Discover Bank offers 3.80% APY with no monthly fees and no minimum deposit required to open an account on their 24 Month CD.
Discover Bank is one of the first online focused banks to offer no monthly fees and what they call "No. Fees. Period."
Deposits are insured through the FDIC for up to $250,000 per depositor and if you have any questions Discover offers 100% U.S.-based Customer Service Available 24/7.
Interest compounds daily so lock in your 24 Month CD rate today & start earning guaranteed interest now.
See Discover Bank's Secure Site For More Details.
To recap our recommendations.
Best Certificate of Deposits According To CompareAccounts™
Discover® Bank Certificate of Deposit Account: 3.80% APY - 9 Month Term
U.S. Bank® 5 Month CD Special: 4.00% APY - 5 Month Term
Western Alliance Bank® High-Yield CD: 4.30% APY - 6 Month Term - Earn $250 with Promo Code: GET250
Discover® Bank Certificate of Deposit Account: 4.00% APY - 12 Month Term
CIT Bank® Certificate of Deposit Account: 3.50% APY - 13 Month Term
GreenState Credit Union High Yield Certificate Account: 3.65% APY - 10 Month Term
CIT Bank® Certificate of Deposit Account: 3.00% APY - 18 Month Term
Discover® Bank Certificate of Deposit Account:3.80% APY - 24 Month Term
Customers Also Viewed These High-Yield Savings Accounts
Don't Miss This High Yield Savings Account
American Express® Savings
3.70% Annual Percentage Yield
as of April 18, 2025
Member FDIC
On American Express National Bank's
Secure Site, Member FDIC
Annual Percentage Yield (APY)
3.70% APY
APY as of April 18, 2025
On American Express National Bank's
Secure Site, Member FDIC
Best For: Competitive APY From An Online Bank
Your interest compounds daily and is deposited in your account monthly.
Other benefits of this account include $0 monthly fees, 24/7 Customer Service, FDIC insurance up to $250,000 per depositor and the fact it's backed by the service & reliability of American Express, it's a no brainer as to why so many people are signing up.
To top it off, you can easily check balance and transaction history, deposit funds, and more within the American Express® App.
See American Express National Bank's Secure Site For More Details.
Best For: Welcome Bonus With Qualifying Deposits
Discover Bank offers 3.70% APY with no monthly fees and $0 initial deposit.
Discover Bank is one of the first online focused banks to offer no monthly fees and what they call "No. Fees. Period."
Whereas other banks may charge you a fee for certain services, Discover won't charge you a fee on any of the following items: monthly maintenance, official bank check, expedited delivery for official bank checks, deposited item returned, stop payment order, insufficient funds, or for closing your account.
For a limited time, Discover Bank is also offering a bonus for qualifying deposits on your first Discover Online Savings Account.
You can earn a $150 bonus when you deposit at least $15,000 or a $200 bonus when you deposit at least $25,000 within 45 days of account open date. Terms apply.ⓘ
Bonus Promo Code: CA325
You must open your account by 9/11/2025 to be eligible for the bonus.
This account is insured by the FDIC for up to $250,000 per depositor and Discover also boasts 100% U.S.-based Customer Service Available 24/7.
If you're looking for a competitive APY with "No. Fees. Period." and a nice welcome bonus, then this account is for you.
See Discover Bank's Secure Site For More Details.
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CA325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.
Best For: High APY Interest Rates
Western Alliance Bank offers 4.25% APY exclusively through the Raisin Platform.
This APY is substantially higher than what you’ll find at most brick-and-mortar banks and even most online banks.
In addition to this high APY, Western Alliance offers $0 monthly maintenance fees, unlimited withdrawals, and is insured by the FDIC for up to $250,000 per depositor.
Customer service is located in New York, NY and is available via email and phone. You'll have online access to your funds 24/7.
Western Alliance Bank is consistenly ranked among the top banks. The bank has over $80 Billion in Assets and were ranked #1 top-performing large bank with assets greater than $50 billion in 2021, 2022, 2023 & 2024 by American Banker. Serving clients across the country wherever business happens.
Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, or $500 bonus for $50K deposited or more. Use promo code BOOST at sign-up.
See Raisin's Secure Site for Western Alliance Bank For More Details.
What to Look for in a Certificate of Deposit Account
It’s always wise to compare your options when opening a new certificate of deposit account.
Small differences in interest rates and fees can quickly add up over time, especially if you’re keeping a large balance in the account.
Here are the top features to look for and compare:
1. Interest Rate
The interest rate of a certificate of deposit is one of its most important features. However, a very high interest rate can get completely wiped out if you have to pay a penalty fee because you need to withdrawal your funds before the term is complete.
Besides interest rate, term length is the second most important factor. Other important features of your certificate of deposit account include the required initial deposit, and minimum balance required.
2. Term Length
Most banks will charge you what’s called a “penalty fee” for withdrawing your funds before the term length has been completed.
This means, that if you open a 12-month CD, but withdraw your funds within 6 months, then you’ll pay a penalty fee.
Therefore, you need to decide when you’ll need these funds again.
For any term less than a year, we recommend a high-yield savings account.
If this is your first CD account, we recommend starting with a 12 – 15 month term.
If you’ve opened a CD account in the past, then you choose which term is right for you and your unique situation.
3. Required Initial Deposit
Initial deposit is another important factor when deciding to open up a certificate of deposit. Most banks require at least a $500 initial deposit to open a CD account.
While others require much more than $500 to open the account.
Again, because the initial deposit is in the hundreds if not thousands, we recommend you open a high-yield savings account if you need these funds within a year.
*National Savings Rate Average as published by FDIC
