Find the Best Current CD Rates of 2025 Today

Unlocking Top CD Rates in 2025

Want the best current CD rates to maximize your savings? This listicle reveals eight top financial institutions offering competitive CD rates right now. Finding the best CD rates can be time-consuming, but we've simplified the process. We'll cover key details like APY, terms, and minimum deposits for institutions like First Internet Bank, Synchrony Bank, Ally Bank, and more. Plus, we'll introduce a CD calculator to help you project potential returns. Make informed decisions and start growing your savings with the best current CD rates in 2025.

1. First Internet Bank

First Internet Bank stands out as a top contender for those seeking the best current CD rates, particularly for shorter terms. As of early 2024, they offer highly competitive Annual Percentage Yields (APYs), exceeding 5.00% on several CD terms, making them an attractive option for maximizing returns on your savings. Their focus as an online-only institution allows them to cut overhead costs and pass those savings onto customers in the form of higher interest rates compared to many traditional brick-and-mortar banks. This makes them an excellent choice for individuals seeking to boost their savings without taking on the risks associated with market-based investments. With a reasonable minimum deposit requirement of just $1,000, their CDs are accessible to a wide range of savers.

For example, their 6-month CD currently offers a 5.11% APY, allowing you to earn substantial interest in a short timeframe. Let’s say you deposit the minimum $1,000. With monthly compounding, you'd earn approximately $25.93 in interest after six months. This predictable return makes First Internet Bank’s CDs an excellent choice for short-term financial goals, such as saving for a down payment or building an emergency fund. For retirees looking for safe and predictable income streams, these short-term CDs can be a valuable tool for managing cash flow. Financial advisors can also leverage these competitive rates to help clients diversify their portfolios with low-risk, FDIC-insured investments. Even small business owners can benefit by parking surplus funds in short-term CDs to earn interest while maintaining easy access to capital.

Features:

• Competitive APY: 5.11% APY for 6-month CDs (rates subject to change).
• Low Minimum Deposit: $1,000 to open a CD.
• FDIC Insured: Deposits are insured up to $250,000 per depositor.
• Monthly Compounding: Interest is compounded and credited monthly.
• Online Platform: Manage your CDs conveniently online.

Pros:

• Consistently High Rates: First Internet Bank frequently offers some of the best CD rates available.
• Low Barrier to Entry: The $1,000 minimum deposit makes it accessible to more savers.
• User-Friendly Interface: Their online banking platform is easy to navigate.
• No Monthly Fees: No monthly maintenance fees on CD accounts.

Cons:

• Online-Only: Lack of physical branches might be a drawback for some customers.
• Early Withdrawal Penalties: Substantial penalties apply if you withdraw funds before the CD matures. Be sure to review the specific penalty schedule before investing.
• Limited Term Options: While competitive, their range of CD terms might be less extensive than some other institutions.

Website: https://www.firstib.com/

First Internet Bank earns its place on this list due to its competitive rates, low minimum deposit, and user-friendly online platform. While the lack of physical branches and potential early withdrawal penalties should be considered, their consistently strong APYs make them a compelling choice for those seeking the best current CD rates. Be sure to compare their offerings with other options to find the best fit for your individual financial goals and risk tolerance.

2. Synchrony Bank

Synchrony Bank consistently ranks among the best options for savers looking for competitive current CD rates. Their attractive yields, combined with the convenience of online banking and no minimum deposit requirement, make them a compelling choice for a variety of savers seeking secure, predictable returns. Whether you're a seasoned investor looking to diversify your portfolio with low-risk options or just starting to save, Synchrony Bank's CD offerings warrant a close look when considering the best current CD rates.

What makes Synchrony stand out?

Synchrony Bank offers a compelling mix of competitive rates, flexible terms, and accessibility. They frequently offer APYs up to 5.00% on select CD terms, rivalling or exceeding many other national banks. Their terms range from short-term 3-month CDs to longer-term 5-year CDs, catering to both short and long-term savings goals. This allows you to tailor your investment to your specific financial timeline, whether you're saving for a down payment or planning for retirement.

A significant advantage of Synchrony Bank is their no minimum deposit requirement. This feature democratizes access to high-yield CDs, making them an ideal option for those new to CD investing or those with limited capital who still want to take advantage of the best current CD rates. Unlike some institutions that require significant initial investments, Synchrony allows you to start earning competitive interest with any amount.

Features and Benefits:

• Competitive APYs: Up to 5.00% APY on select CD terms, ensuring your savings grow steadily.
• No Minimum Deposit: Start saving with any amount, making it accessible to all savers.
• Flexible Terms: Choose from terms ranging from 3 months to 5 years to align with your financial goals.
• FDIC Insured: Your deposits are protected up to $250,000 per depositor, per insured bank, providing peace of mind.
• User-Friendly Online Banking: Manage your CDs conveniently through their online platform.

Pros:

• Accessibility: The no minimum deposit requirement is a game-changer for smaller savers.
• Competitive Rates: Consistently offers rates among the best current CD rates available.
• Easy Application: The online application process is simple and straightforward.
• Excellent Customer Service: Highly rated customer service provides support when you need it.

Cons:

• No Physical Branches: Lack of physical branches might be a drawback for those who prefer in-person banking.
• Early Withdrawal Penalties: Keep in mind that early withdrawals will incur penalties. Learn more about Synchrony Bank and their early withdrawal penalties to make informed decisions.
• Rate Variations: While generally competitive, other online banks might offer slightly higher rates for specific terms, so it's always wise to compare.

Who should consider Synchrony Bank CDs?

• Individual savers seeking predictable, risk-free returns.
• Retirees planning secure income streams for the future.
• Conservative investors diversifying portfolios with low-risk options.
• Financial advisors and planners comparing CD products for clients.
• Small business owners parking surplus funds in short-term instruments.

Implementation Tip: Before opening a CD, compare Synchrony’s current rates with other leading banks offering the best current CD rates to ensure you’re getting the optimal return for your chosen term length.

Website

3. Ally Bank

Ally Bank consistently ranks among the best options for individuals seeking competitive current CD rates. Their commitment to an online-only model translates into higher returns for customers, making them a compelling choice for those looking to maximize their savings. This, combined with no minimum deposit requirement, makes it easy for anyone to get started, regardless of their initial investment. Learn more about Ally Bank.

For savers looking for predictable, risk-free returns, retirees planning secure income streams, or conservative investors diversifying their portfolios with low-risk options, Ally Bank’s CDs offer a compelling combination of security and competitive rates. Financial advisors and planners can also find value in Ally’s CD offerings when comparing products for clients, particularly those who prioritize accessibility and digital convenience. Even small business owners can utilize Ally's CDs to park surplus funds in short-term instruments, earning interest while maintaining easy access to their capital (especially with the No Penalty CD option).

What sets Ally Bank apart when looking for the best current CD rates?

• Variety of CD Options: Ally offers several types of CDs, catering to various needs and financial goals. These include High Yield CDs for maximizing returns, Raise Your Rate CDs for potential interest rate increases, and No Penalty CDs for accessing funds without incurring penalties. This flexibility allows you to choose the best CD that aligns with your specific savings strategy.
• Competitive APY: High Yield CDs currently offer up to 4.85% APY, a rate often surpassing those offered by traditional brick-and-mortar banks. This competitive APY helps your savings grow faster and more efficiently, contributing significantly to achieving your long-term financial objectives.
• No Minimum Deposit: Unlike some financial institutions, Ally Bank doesn't require a minimum deposit to open a CD. This feature opens doors for savers of all levels, allowing even those with smaller initial investments to benefit from the power of compounding interest.
• Daily Compounding Interest: Ally Bank compounds interest daily, maximizing your earnings potential. This frequent compounding allows your interest to earn interest more quickly, leading to a higher overall return on your investment.
• User-Friendly Digital Experience: Ally's online platform and mobile app provide a seamless and convenient banking experience. This allows you to easily manage your CDs, track your earnings, and access customer support 24/7.

Pros:

• No minimum deposit requirement allows accessibility for all savers.
• Variety of CD types (High Yield, Raise Your Rate, No Penalty) caters to diverse needs.
• 24/7 customer service ensures support is readily available.
• User-friendly mobile app provides convenient account management.
• FDIC insured, offering peace of mind and security for your funds.

Cons:

• While competitive, rates can sometimes be slightly lower than some other online banks. Diligent comparison shopping is recommended.
• Lack of physical branches may be a drawback for those who prefer in-person banking services.
• Standard CDs are subject to early withdrawal penalties, so consider your time horizon before committing.

Website: https://www.ally.com/

4. Marcus by Goldman Sachs

Marcus by Goldman Sachs is a strong contender for those seeking some of the best current CD rates, offering competitive annual percentage yields (APY) with the backing of a well-established financial institution. This makes them an attractive option for individuals looking to maximize returns on their savings. Their CDs are particularly well-suited for conservative investors, retirees seeking predictable income streams, and those prioritizing the safety of their principal. Even small business owners can benefit by parking surplus funds in short-term Marcus CDs.

What makes Marcus stand out in the landscape of best current CD rates? The combination of competitive APYs, a relatively low minimum deposit, and the innovative 10-Day CD Rate Guarantee. Let's break down the details:

• Competitive APYs: Marcus offers up to 5.00% APY on select CD terms, allowing your savings to grow steadily over time. Be sure to check their website for the most up-to-date rates as they can fluctuate. This high yield potential is a significant draw for those seeking the best current CD rates available.
• Low Minimum Deposit: A minimum deposit of just $500 makes these CDs accessible to a wider range of savers. You don't need a large lump sum to start earning competitive interest, unlike some other institutions that require significantly higher initial deposits.
• 10-Day CD Rate Guarantee: This unique feature offers a level of protection against rising interest rates. If Marcus raises its CD rates within 10 days of you opening a CD, they'll automatically apply the higher rate to your account. This provides peace of mind knowing you're getting the best possible return during that initial period.
• Flexible CD Terms: With terms ranging from 6 months to 6 years, you can select a CD that aligns with your specific financial goals. Shorter terms provide liquidity for near-term needs, while longer terms maximize returns for long-term planning.

Pricing and Technical Requirements:

• Minimum Deposit: $500
• APY: Up to 5.00% (check the Marcus website for the latest rates)
• Terms: 6 months to 6 years
• Fees: None

Pros:

• Backed by Goldman Sachs: The stability and reputation of Goldman Sachs provide a sense of security for your investment.
• 10-Day Rate Guarantee: Protects against immediate rate increases after opening a CD.
• No Fees: Simplifies cost calculations and maximizes your net return.

Cons:

• No Physical Branches: All transactions are handled online, which may not suit everyone.
• No No-Penalty CDs: Early withdrawals are subject to penalties, which can be significant. Consider your liquidity needs carefully before committing to a longer-term CD.
• Early Withdrawal Penalties: While there are no specific penalty amounts listed, early withdrawal penalties on CDs are generally steep and can negate interest earned.

Implementation/Setup Tips:

Opening a CD with Marcus is entirely online. Visit their website (https://www.marcus.com/us/en) and follow the straightforward application process. Have your personal information and funding source readily available.

Comparison:

While Marcus offers competitive rates and the unique 10-Day Rate Guarantee, it's essential to compare their offerings with other institutions providing the best current CD rates. Consider factors such as minimum deposit requirements, APYs, and early withdrawal penalties to choose the CD that best aligns with your financial objectives.

In conclusion, Marcus by Goldman Sachs offers a competitive option for those seeking the best current CD rates, particularly for individuals who prioritize security, predictable returns, and the convenience of online banking. The low minimum deposit and flexible terms make it accessible to a broad range of savers, from young professionals to retirees. However, the lack of physical branches and no-penalty CD options should be considered before making a decision.

5. Bread Financial (formerly Comenity Direct)

Bread Financial (formerly Comenity Direct) earns a spot on our list of best current CD rates due to its consistently competitive Annual Percentage Yields (APYs), particularly for 1-year terms. If you're seeking a safe and predictable return on your savings, Bread Financial offers high-yield CDs that can help you achieve your financial goals. Their CDs are a particularly attractive option for those looking for short-term, high-yield options for parking funds.

For savers looking to lock in a competitive rate for a shorter period, Bread Financial's 1-year CD with up to a 5.15% APY offers an excellent opportunity to maximize returns. While the $1,500 minimum deposit is higher than some competitors, it remains accessible for many individuals and makes it a viable option for those serious about growing their savings. This minimum is often comparable to other institutions offering similar best current CD rates.

Features:

• Competitive APYs: Up to 5.15% APY on 1-year CDs, making them a standout choice among current CD rates.
• Minimum Deposit: $1,500.
• Terms: 1 to 5 years, catering to both short-term and medium-term savings goals.
• Compounding Frequency: Interest is compounded daily, maximizing your returns over time.
• FDIC Insured: Your deposits are FDIC insured, providing peace of mind and security.

Pros:

• Competitive Rates: Bread Financial consistently offers competitive, often leading, best current CD rates, especially on 1-year terms.
• Daily Compounding: Daily interest compounding allows you to earn interest on your interest, maximizing your overall return.
• Easy Online Management: Manage your CD accounts easily and conveniently online.
• Established Institution: Bread Financial is an established financial institution, offering a sense of stability and reliability.

Cons:

• Higher Minimum Deposit: The $1,500 minimum deposit might be a barrier for some savers.
• Limited Term Options: Terms are limited to 1-5 years, with no short-term options under 1 year.
• No Physical Branches: Bread Financial operates exclusively online, without physical branch locations.
• Early Withdrawal Penalties: Like most CDs, early withdrawals are subject to penalties, so be sure you can commit to the term length.

Implementation/Setup Tips:

Opening a CD with Bread Financial is a straightforward online process. Visit their website (https://www.breadfinancial.com/), navigate to their CD offerings, choose your desired term length, and fund your account. Be sure to review the terms and conditions carefully before finalizing your application.

Comparison with similar tools:

While other institutions may offer lower minimum deposits, Bread Financial's competitive rates, especially on 1-year CDs, make it a strong contender when comparing best current CD rates. Consider your individual needs and prioritize whether a lower minimum deposit or a higher APY is more beneficial to your financial goals. If maximizing returns in the short-term is a priority, Bread Financial’s offerings deserve serious consideration.

6. Capital One

Capital One offers a compelling option for individuals looking for competitive CD rates within a user-friendly banking environment. Their CDs are particularly attractive due to the lack of a minimum deposit requirement, making them accessible to savers of all levels, whether you're just starting out or managing a larger portfolio. This, combined with a range of terms from 6 months to 5 years, allows you to align your CD investment with your specific financial goals, from short-term savings needs to longer-term growth strategies. As a hybrid institution, Capital One provides the convenience of online banking coupled with the option of visiting a physical branch for personalized service. This blend makes them an attractive choice for those who appreciate the flexibility of digital banking but also value the reassurance of traditional banking services. This makes Capital One a strong contender when searching for the best current CD rates.

For example, a retiree seeking a predictable income stream could utilize Capital One CDs to ladder their investments across different maturity dates, ensuring regular access to funds while still earning competitive interest. Similarly, a small business owner could park surplus funds in a short-term CD to earn interest while maintaining easy access to capital for operational needs. You can learn more about Capital One and their CD offerings at this link.

Capital One offers CD APYs up to 4.60% depending on the term you choose. While these rates are competitive, they are occasionally slightly lower than those offered by online-only banks, reflecting the cost of maintaining physical branches. However, this is balanced by the convenience and accessibility provided by those branches.

Features:

• Up to 4.60% APY: Competitive rates, though sometimes slightly lower than online-only competitors.
• No minimum deposit: Allows savers with any budget to open a CD.
• Terms from 6 months to 5 years: Offers flexibility for both short-term and long-term savings goals.
• FDIC insured: Provides peace of mind knowing your deposits are protected up to $250,000 per depositor, per insured bank.
• Both online and physical branch access: Caters to different banking preferences.

Pros:

• No minimum deposit requirement: Accessible to all savers.
• Physical branches available in many locations: Offers in-person service and support.
• User-friendly mobile app and online banking: Provides convenient account management.
• Automatic renewal option available: Simplifies the process of continuing your CD investment.

Cons:

• Rates sometimes slightly lower than online-only banks: Reflects the overhead of physical branch operations.
• Early withdrawal penalties apply: Accessing funds before maturity will incur a penalty. Be sure to review the specific penalty details for the CD term you choose.
• Limited CD types compared to some competitors: May not offer specialized CDs like jumbo CDs or step-up CDs.

Website: https://www.capitalone.com/

7. Discover Bank

Discover Bank stands out as a strong contender when searching for the best current CD rates, offering a compelling blend of competitive yields and flexible terms. Whether you're a retiree seeking a stable income supplement or a young professional saving for a down payment, Discover's CDs can be a valuable addition to your financial strategy. Their offerings cater to both short-term and long-term savers, with terms ranging from 3 months to 10 years – the latter being an uncommonly long option that provides excellent predictability for long-term financial planning. Discover requires a $2,500 minimum deposit to open a CD.

One of the key advantages of Discover Bank's CDs is the potential to earn up to 4.90% APY on select CD terms, allowing your savings to grow steadily over time. This competitive rate, combined with the FDIC insurance, makes it a secure option for parking your funds. For conservative investors looking to diversify their portfolios with low-risk instruments, or small business owners needing a safe place for surplus cash, Discover CDs provide a predictable return. Compared to some competitors, Discover's rates can occasionally be slightly lower, so it's always wise to compare current market offerings before making a decision.

A significant benefit of choosing Discover Bank is their unique no-fee policy. This means no hidden fees to worry about, and importantly, no early withdrawal penalty for certain qualifying life events such as death or disability. This feature provides valuable peace of mind, especially for those planning for unforeseen circumstances. However, it's essential to note that the standard early withdrawal penalties apply if you withdraw funds outside of these qualifying events. It's also important to be aware of the $2,500 minimum deposit, which may be higher than some competitors, making it potentially less accessible for smaller savers.

Discover Bank's online platform is known for being user-friendly, providing easy access to account management and 24/7 U.S.-based customer service. While the lack of physical branches might be a drawback for some, the robust online experience and readily available customer support effectively address most banking needs. For those seeking the best current CD rates, Discover Bank offers a compelling option with its competitive APYs, flexible terms, and unique no-fee policy, making it a worthwhile choice for individuals and businesses alike. For more information and to explore current CD rates, visit their website: https://www.discover.com/online-banking/

8. TAB Bank

If you're searching for some of the best current CD rates, TAB Bank (Transportation Alliance Bank) deserves serious consideration. They consistently offer highly competitive rates, especially for 12-month CDs, making them an attractive option for individuals seeking predictable returns in the current market. Their focus on value makes them a standout choice for those looking to maximize their interest earnings. Whether you're saving for a down payment, supplementing retirement income, or simply parking funds safely, TAB Bank's CD offerings could be a valuable addition to your financial strategy.

TAB Bank's 12-month CDs currently offer up to 5.27% APY, which is among the highest nationally, putting them firmly among the best current CD rates available. They require a minimum deposit of $1,000, making them accessible to a wide range of savers. CD terms range from 3 months to 5 years, offering flexibility to match your specific financial goals. For example, a retiree looking for a predictable income stream might choose a shorter-term CD, while someone saving for a long-term goal like a down payment might opt for a longer-term CD to lock in a competitive rate. Interest is compounded daily, maximizing your returns over time. The entire application process is conducted online, streamlining the process and eliminating the need to visit a physical branch.

Features:

• Up to 5.27% APY on 12-month CDs
• $1,000 minimum deposit
• Terms from 3 months to 5 years
• Daily compounding interest
• FDIC insured

Pros:

• Industry-leading CD rates, especially for 12-month terms
• Reasonable $1,000 minimum deposit
• Interest compounds daily to maximize returns
• Straightforward online application process

Cons:

• Less brand recognition than major banks
• No physical branch locations
• Limited banking products outside of deposit accounts
• Early withdrawal penalties apply (as with most CDs)

Comparison: While some larger banks may offer the familiarity of a well-known brand and physical branches, they often lag behind TAB Bank in terms of CD rates. If your priority is securing the best current CD rates, TAB Bank's offerings are highly competitive.

Implementation Tip: Before opening a CD with TAB Bank or any institution, carefully review the terms and conditions, including the early withdrawal penalty schedule. This will help you avoid unexpected costs if you need to access your funds before the CD matures.

Website: https://www.tabbank.com/

TAB Bank earns its place on this list of best current CD rates by consistently offering high APYs, flexible terms, and a user-friendly online platform. While the lack of physical branches and limited product offerings may be a drawback for some, the competitive rates and focus on value make it a compelling choice for savers prioritizing maximizing their returns.

Top 8 Bank CD Rates Comparison

Bank / Feature	APY & Terms	Pricing & Requirements	Unique Features & Quality	Target Audience 👥	User Experience & Support ★★★★☆	Website
First Internet Bank	★★★★★ 5.11% APY (6-mo), 3-18 mo	💰 $1,000 min deposit	✨ Monthly compounding interest	👥 Mid-high deposit savers	★★★★☆ User-friendly online	Visit
Synchrony Bank	★★★★☆ Up to 5.00%, 3 mo - 5 yr	💰 No min deposit	✨ Wide term range, excellent service	👥 All savers	★★★★★ Straightforward & rated	Visit
Ally Bank	★★★★ 4.85% High Yield CDs	💰 No min deposit	✨ No Penalty CDs, daily compounding	👥 Flexible savers	★★★★☆ 24/7 support, app	Visit
Marcus by Goldman Sachs	★★★★☆ Up to 5.00%, 6 mo - 6 yr	💰 $500 min deposit	✨ 10-Day Rate Guarantee, no fees	👥 Rate-conscious savers	★★★★☆ Stable, no fees	Visit
Bread Financial	★★★★☆ Up to 5.15% (1 yr), 1 - 5 yr	💰 $1,500 min deposit	✨ Daily compounding, strong 1-yr CD	👥 Medium-term savers	★★★★ Simple online management	Visit
Capital One	★★★★ 4.60%, 6 mo - 5 yr	💰 No min deposit	✨ Hybrid branch & online access	👥 All savers preferring branches	★★★★ Convenient hybrid	Visit
Discover Bank	★★★★☆ Up to 4.90%, 3 mo - 10 yr	💰 $2,500 min deposit	✨ No penalty for select events	👥 Long-term & cautious	★★★★ 24/7 US support	Visit
TAB Bank	★★★★★ 5.27% (12 mo), 3 mo - 5 yr	💰 $1,000 min deposit	✨ Highest 12-mo rates, daily compounding	👥 Rate-focused savers	★★★★ Simple online	Visit

Making Informed CD Decisions

Finding the best current CD rates is a crucial step towards maximizing your returns in a low-risk environment. This article has highlighted several leading banks, including First Internet Bank, Synchrony Bank, Ally Bank, Marcus by Goldman Sachs, Bread Financial, Capital One, Discover Bank, and TAB Bank, each offering competitive CD options. Remember, the highest APY isn't the only factor to consider. The ideal CD aligns with your financial goals and desired term length. Think about how long you're comfortable locking your money away and factor in any potential penalties for early withdrawals. Managing multiple financial commitments can be challenging, especially in a fluctuating interest rate environment. For example, managing multiple subscriptions can strain your budget. For tips on optimizing your subscription costs and maximizing your savings, check out this helpful resource: ways to save money on subscriptions from AccountShare, 8 Ways to Save Money on Subscriptions in 2025.

Choosing the right CD terms can significantly impact your overall returns. Carefully evaluate your options and consider the tools available to help you make informed decisions. With careful planning and the right tools, you can confidently navigate the CD landscape and build a secure financial future.

Want to visualize your potential CD earnings? Use our Certificate-of-Deposit Calculator to project your returns based on different deposit amounts, interest rates, and term lengths. It's the perfect tool to help you compare the best current CD rates and choose the option that best fits your savings goals.