Best CD Rates of 2025
 |
|
We Believe in Financial Well-Being.
We believe everyone should have free access to information in order to make smarter financial decisions. Although our site doesn’t showcase every company or financial product available in the market today, we're confident in our recommendations, many of which are from our advertising partners, to help guide you on your financial journey. Free of charge for you.
Instead of charging you money, we're compensated by our partners and third-party advertisers. This compensation, along with our proprietary algorithms, may, at times, influence the products we decide to review, discuss, and their position on our site or the order in which they appear.
This article and the comparison table are not personal financial advice. While we provide information resources and educational pieces, the content here is not a substitute for personal financial guidance from a registered financial advisor.
Compare high yield certificate of deposit accounts with ease, find the right one for you, and open your account in minutes.
APY
4.00%
9 Month CD
- High Yield CD
- Term: 9 Months
- Min. Initial Deposit: $0
- 4.00% APY
- No Monthly Fees
- Lock in Your CD Rate & Earn Guaranteed Interest
- 100% U.S.-based Customer Service Available 24/7
- Interest Compounded Daily
- FDIC Insured up to $250,000
- See Site For Details
On Discover Bank's Secure Site, Member FDIC
APY
4.25%
14 Month Term
- High Yield CD
- Term: 14 Months
- 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.
- 4.25% APY
- Min. initial deposit: $1
- No Monthly Fees
- Exclusive Offer Powered by The Raisin Platform
- Interest Compounded Daily
- Customer Service is Located in New York, NY
- FDIC Insured up to $250,000
- Sallie Mae Bank (Member FDIC) was founded in 1972 & has almost $30 billion in total assets
- See Site for Details
On Raisin's Secure Site for Sallie Mae, Member FDIC
APY
4.40%
3 Month Term
- High-Yield CD
- Min. initial deposit: $1
- Term: 3 Months
- 4.40% APY
- FDIC Insured up to $250,000
- No Monthly Fees
- Interest Compounded Daily
- Ranked #1 Top-Performing Large Bank with Assets $50 Billion and Above in 2021, 2022, 2023, & 2024 by American Banker
- Exclusive Offer Powered by The Raisin Platform
- See Site for Details
On Raisin's Secure Site for Western Alliance Bank,
FDIC Insured
Compare With
APY
0.05%
6 Month Term
Chase Bank Details
- Certificate of Deposit
- Term: 6 Months
- Minimum Opening Deposit: $10,000 for APY
- 0.05% APY
- Offers lower minimum deposit of $1,000 for 0.02% APY
- Must have a linked Chase personal checking account to receive these rates. Otherwise, you'll receive 0.01% APY
Not Recommended.
Shown For Comparison Purposes Only.
APY
4.00%
12 Month CD
- High Yield CD
- Term: 12 Months
- Min. Initial Deposit: $0
- 4.00% APY
- No Monthly Fees
- Lock in Your CD Rate & Earn Guaranteed Interest
- 100% U.S.-based Customer Service Available 24/7
- Interest Compounded Daily
- FDIC Insured up to $250,000
- See Site For Details
On Discover Bank's Secure Site, Member FDIC
Compare With
APY
2.00%
12 Month Term
Wells Fargo Details
- Certificate of Deposit
- Term: 12 Months
- Minimum Opening Deposit: $2,500
- 2.00% APY
- Interest Rates Vary from State to State
- For Terms of 12 Months+, Interest May Be Paid Monthly, Quarterly, Semi-Annually, or Annually.
Not Recommended.
Shown For Comparison Purposes Only.
APY
4.00%
6 Month Term
- High-Yield CD
- Min. initial deposit: $1
- Term: 6 Months
- 4.00% APY
- FDIC Insured up to $250,000
- No Monthly Fees
- Interest Compounded Daily
- Ranked #1 Top-Performing Large Bank with Assets $50 Billion and Above in 2021, 2022, & 2023 by American Banker
- Exclusive Offer Powered by The Raisin Platform
- See Site for Details
On Raisin's Secure Site for Western Alliance Bank,
FDIC Insured
Compare With
APY
0.03%
12 Month Term
Bank of America® Details
- Certificate of Deposit
- Term: 12 Months
- Minimum Opening Deposit: $10,000
- 0.03% APY
Not Recommended.
Shown For Comparison Purposes Only.
APY
3.00%
18 Month Term
- High Yield CD
- Term: 18 Months
- 3.00% APY
- Min. initial deposit: $1,000
- No Maintenance Fees
- Daily Compounding Interest to Maximize Your Earning Potential
- Set Up & Manage Your Account Online
- FDIC Insured up to $250,000
- Sign up in under 5 Minutes
- See Site for Details
On CIT Bank's Secure Site, Member FDIC
Limited Time Offer
APY
3.80%
24 Month CD
- High Yield CD
- Term: 24 Months
- Min. Initial Deposit: $0
- 3.80% APY
- No Monthly Fees
- Lock in Your CD Rate & Earn Guaranteed Interest
- 100% U.S.-based Customer Service Available 24/7
- Interest Compounded Daily
- FDIC Insured up to $250,000
- See Site For Details
On Discover Bank's Secure Site, Member FDIC
To recap our recommendations.
Best Certificate of Deposits According To CompareAccounts™
Discover® Bank Certificate of Deposit Account: 4.00% APY - 9 Month Term
Sallie Mae® Bank Certificate of Deposit: 4.25% APY - 14 Month Term - Earn up to $500 with Promo Code: BOOST
Western Alliance Bank® High-Yield CD: 4.40% APY - 3 Month Term
Discover® Bank Certificate of Deposit Account: 4.00% APY - 12 Month Term
Western Alliance Bank® High-Yield CD: 4.00% APY - 6 Month Term - Earn up to $500 with Promo Code: BOOST
CIT Bank® Certificate of Deposit Account: 3.00% APY - 18 Month Term
Discover® Bank Certificate of Deposit Account:3.80% APY - 24 Month Term
Explore More Options:
Haven't found the right rate or term yet? We've got you covered. Raisin.com, our trusted partner, connects you to a vast network of over 60 financial institutions, each with competitive rates to suit your savings needs & offers you the opportunity to access $10 million in federal deposit insurance through its network, all from a single secure login. See more certificate of deposit offers now.
Customers Also Viewed These High Yield Savings Accounts
Don't Miss This High Yield Savings Account
Sallie Mae® Bank 14 Month CD
4.25% Annual Percentage Yield
as of May 23, 2025
Member FDIC
On Raisin's Secure Site
for Sallie Mae® Bank,
Member FDIC
Annual Percentage Yield (APY)
3.60% APY
APY as of May 23, 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.
3.60% APY
On Discover's Secure Site,
Member FDIC
Best For: Online Banking Experience + No Fees
Discover offers 3.60% APY with no monthly fees and $0 initial deposit.
Discover 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.
If you're looking for a competitive APY with "No. Fees. Period." this account is for you.
See Discover'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 withdrawl 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