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Best Certificate of Deposit Rates of 2025

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.

Western Alliance Bank^® 4 Month CD Details

Best For: High APY + Bonus

Term: 4 Months
APY: 3.50%

Western Alliance Bank offers 3.50% APY exclusively through the Raisin Platform on their 4 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, $500 bonus for $50K deposited or $1,000 bonus for $100K deposited or more. Use promo code EASY at sign-up.

See Raisin's Secure Site for Western Alliance Bank to Get More Details.

Best For: Online Banking Experience + Customer Service

Bank of Utah^® 3 Month CD Details

Best For: Short-Term Savings + 3x the National Avg.

Term: 3 Months
APY: 4.10%

Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, $500 bonus for $50K deposited or $1,000 bonus for $100K deposited or more. Use promo code EASY at sign-up.

Looking for a powerful short-term savings option? Bank of Utah’s 3-Month High-Yield CD offers 4.10% APY.

With no fees, just a $1 minimum deposit, and 24/7 online access to your funds, this CD is ideal for savers who want flexibility without sacrificing returns.

Bank of Utah is a locally owned community bank that has been serving customers since 1952. Known for its strong roots and customer-first philosophy, Bank of Utah brings the personal touch of community banking to a national audience through Raisin.

Whether you’re parking cash temporarily or testing out the CD waters, this short-term option offers a rare mix of access, safety, and strong yield—backed by a bank that puts community first.

See Raisin’s Secure Site for Bank of Utah to Get More Details and Open an Account.

Chase Bank 6 Month CD Account Details

Not Recommended. Shown For Comparison Purposes Only.

Term:​ 6 Months
APY: 1.00%

Chase Bank is one of the largest and most well known banks in the United States. Unfortunately, they offer a low 1.00% 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.

Best For: Online Banking Experience + Customer Service

Western Alliance Bank^® 6 Month CD Details

Best For: Shorter Term + High APY

Term: 6 Months
APY: 3.50%

Western Alliance Bank offers 3.50% 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, $500 bonus for $50K deposited or $1,000 bonus for $100K deposited or more. Use promo code EASY at sign-up.

See Raisin's Secure Site for Western Alliance Bank to Get More Details.

Best For: Online Banking Experience + Customer Service

Wells Fargo 12 Month CD Account Details

Not Recommended. Shown For Comparison Purposes Only.

Term: 12 Months
APY: 2.00%

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.

Sallie Mae^® Bank 10 Month CD Details

Best For: High Interest Rates

Term: 10 Months
APY: 3.65%

Earn 3.65% APY when you open a 10-month Certificate of Deposit from Sallie Mae^® Bank, available exclusively through the secure Raisin platform.

This short-term CD gives you one of the most competitive rates on the market — perfect for savers who want strong returns without locking up funds for years.

Sallie Mae^® Bank is a trusted name in finance, with more than $30 billion in assets and a legacy that dates back to 1972. Known for supporting educational and financial success, Sallie Mae brings decades of experience to your savings goals. Now, through Raisin, they’re offering an incredibly strong CD option with powerful perks.

With $0 monthly maintenance fees and full FDIC insurance up to $250,000 per depositor, your savings are not only growing — they’re protected.

Raisin also gives you the option to expand your coverage up to $10 million in federal deposit insurance by spreading funds across its network of partner banks, all through a single secure login.

You’ll have 24/7 access to your account and funds online, and if you ever need assistance, the U.S.-based customer service team is available by phone Monday through Friday, from 9:00 a.m. to 4:00 p.m. ET. You can also reach out anytime via secure message or email.

Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, $500 bonus for $50K deposited or $1,000 bonus for $100K deposited or more. Use promo code EASY at sign-up.

See Raisin's Secure Site for Sallie Mae^® Bank For More Details.

CIT Bank^® 13 Month CD Details

Best For: High APY Interest Rates + Mobile App

Term: 13 Months
APY: 3.35%

CIT Bank offers 3.35% APY, as of September 25, 2025, 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. Terms Apply^ⓘ

See CIT Bank's Secure Site For More Details.

CIT Bank^® 11 Month No Penalty CD Details

Best For: No Penalty Fees

Term: 11 Months
APY: 3.35%

CIT Bank has been helping customers for over 100 years. Founded in 1908, CIT Bank is now part of First Citizens BancShares, Inc.

CIT Bank offers 3.35% APY on their 11 Month No Penalty CD with no monthly fees.

There is no penalty to access funds if needed before maturity.

You can open a CIT Bank 11 Month No Penalty 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. Terms Apply^ⓘ

See CIT Bank's Secure Site For More Details.

Sallie Mae^® Bank 14 Month CD Details

Best For: Good Term + High APY

Term: 14 Months
APY: 3.75%

Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, $500 bonus for $50K deposited or $1,000 bonus for $100K deposited or more. Use promo code EASY at sign-up.

Sallie Mae Bank (Member FDIC) was founded in 1972 and has grown with almost $30 billion in total assets and has some of the highest CD rates around.

Sallie Mae bank currently offers 3.75% APY on their 14 month CD, exclusively through the Raisin Platform.

Customer service is located in New York with representatives available via phone Monday - Friday 9:00am - 4:00 pm ET. You can also email or send them a message through the secure message center at any time.

This account comes with $0 monthly maintenance fees and is insured by the FDIC for up to $250,000 per depositor.

You'll have 24/7 access to your account and funds.

Sallie Mae has been putting educational & financial success within reach for more than 50 years, let them help you today.

See Raisin's Secure Site for Sallie Mae^® Bank For More Details.

Bank of America^® 12 Month CD Details

Not Recommended. Shown For Comparison Purposes Only.

Term: 12 Months
APY: 0.03%

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.

Best For: Longer Term + Customer Service

To recap our recommendations.

Best Certificate of Deposits According To CompareAccounts™

Western Alliance Bank^® High-Yield CD: 3.50% APY - 4 Month Term - Earn up to $1,000 with Promo Code: EASY

Bank of Utah^® High-Yield CD: 4.10% APY - 3 Month Term

Western Alliance Bank^® High-Yield CD: 3.50% APY - 6 Month Term - Earn up to $1,000 with Promo Code: EASY

Sallie Mae^® Bank Certificate of Deposit: 3.65% APY - 10 Month Term - Earn up to $1,000 with Promo Code: EASY

CIT Bank^® Certificate of Deposit Account: 3.35% APY - 13 Month Term

CIT Bank^® No Penalty Certificate of Deposit Account: 3.35% APY - 11 Month Term

Sallie Mae^® Bank Certificate of Deposit: 3.75% APY - 14 Month Term - Earn up to $1,000 with Promo Code: EASY

Customers Also Viewed These High-Yield Savings Accounts

Discover^® High Yield Savings Account

Best For: Welcome Bonus With Qualifying Deposits

Discover Bank offers 3.50% 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: CA925

You must open your account by 3/12/2026 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.

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