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Best CD rates of February 2025 (Up to 4.50%)

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Opening a certificate of deposit (CD) allows you to lock in an attractive fixed rate and earn higher returns compared to traditional savings accounts, while providing guaranteed growth for a set period of time. Currently, the best CD rates still earn above 4 percent APY, with the top rate tracked by Bankrate at 4.50 percent offered by multiple banks on short-term CDs. This is around two and a half times higher than the national average of 1.84 percent on a one-year CD.

Current CD trends Caret Up Icon Caret Down Icon

Bankrate Partner average
4.11% APY
National average
1.84% APY
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Bask Bank

Rating: 4.5 stars out of 5
4.5 Bankrate CD score
  • Annual percentage yield

    3.75% – 4.50%
  • Min. deposit to open

    $1,000
  • Term

    3 months - 2 years

Why Bask Bank?

Bask Bank started offering CDs in October 2022. Bask Bank offers four terms of CDs. These terms range from six months to two years. You’ll need at least $1,000 to open a CD at Bask Bank. Those looking for CD terms longer than two years will have to look elsewhere. You’ll also need to look at other banks for other types of CDs, such as a no-penalty CD. You can only have five single account CDs and five jointly-owned CDs per CD term at Bask Bank.

America First Credit Union

Rating: 5 stars out of 5
5.0 Bankrate CD score
  • Annual percentage yield

    4.10% – 4.40%
  • Min. deposit to open

    $500
  • Term

    3 months - 5 years

Why America First Credit Union?

America First Credit Union offers a wide range of CD terms between three and 60 months, and all earn rates that are highly competitive. Also offered are specialty CDs such as a bump-rate CD and a flexible CD. All CDs require a manageable minimum opening deposit.

Synchrony Bank

Rating: 4.9 stars out of 5
4.9 Bankrate CD score
  • Annual percentage yield

    0.25% – 4.35%
  • Min. deposit to open

    $0
  • Term

    3 months - 5 years

Why Synchrony Bank?

Synchrony Bank offers many regular CDs ranging from three months to five years. It also added a no-penalty CD and a bump-up CD earlier this year. Synchrony Bank also offers IRA CDs.

Popular Direct

Rating: 4 stars out of 5
4.0 Bankrate CD score
  • Annual percentage yield

    4.05% – 4.35%
  • Min. deposit to open

    $10,000
  • Term

    3 months - 5 years

Why Popular Direct?

Popular Direct is an online bank and a subsidiary of Popular Inc., a more than 130-year-old financial services company. Popular Direct was previously known as Banco Popular North America. Popular Direct offers CDs in eight terms ranging from three months to five years. With a $10,000 minimum deposit to open, these CDs are geared toward serious savers. Interest compounds daily. Popular Direct doesn’t offer specialty CDs, such as bump-up or no-penalty CDs. It does offer a savings account with a competitive rate.

Vio Bank

Rating: 4.1 stars out of 5
4.1 Bankrate CD score
  • Annual percentage yield

    2.75% – 4.30%
  • Min. deposit to open

    $500
  • Term

    6 months - 5 years

Why Vio Bank?

Vio Bank offers traditional CDs with terms ranging from six months to 10 years, an extensive variety compared to some other banks. The minimum deposit for each account is relatively low at $500. CDs automatically renew once they mature following a 10 day grace period. Yields are competitive for all CDs, but Vio’s highest APYs are for CDs with terms of three years or less.

Marcus by Goldman Sachs

Rating: 4.9 stars out of 5
4.9 Bankrate CD score
  • Annual percentage yield

    3.75% – 4.30%
  • Min. deposit to open

    $500
  • Term

    6 months - 5 years

Why Marcus by Goldman Sachs?

Marcus by Goldman Sachs offers CD terms ranging from six months to six years, and the minimum required opening deposit of $500 is lower than what some other banks charge. In addition to standard CDs, the online-only bank offers no-penalty CDs and a bump-rate CD.

Discover Bank

Rating: 4.5 stars out of 5
4.5 Bankrate CD score
  • Annual percentage yield

    2.00% – 4.10%
  • Min. deposit to open

    $0
  • Term

    3 months - 5 years

Why Discover Bank?

Discover® Bank offers 12 terms of CDs. They range from a three-month CD to a 10-year CD. You’ll need at least $2,500 to open one of these CDs.

BMO Alto

Rating: 4.2 stars out of 5
4.2 Bankrate CD score
  • Annual percentage yield

    3.70% – 4.10%
  • Min. deposit to open

    $0
  • Term

    6 months - 5 years

Why BMO Alto?

BMO Alto is an online-only bank that offers CDs and a high-yield savings account. CDs are available in six terms between six months and five years, and they require no set minimum opening deposit. CDs automatically renew once they mature, following a 10 day grace period.

Ally Bank

Rating: 4.6 stars out of 5
4.6 Bankrate CD score
  • Annual percentage yield

    2.90% – 4.05%
  • Min. deposit to open

    $0
  • Term

    3 months - 5 years

Why Ally Bank?

Ally Bank offers seven terms of regular CDs. They range from a three-month CD to a five-year CD.