Best CD Rates Today: Secure High Returns Before Rates Drop (September 2025)
Certificate of Deposit (CD) rates are currently responding to the Federal Reserve's rate cut on September 17, 2025. While some banks have already begun lowering their yields, now may be an opportune time to lock in a fixed rate and secure a solid return before further decreases occur. Here's a look at some of the best CD deals available as of late September 2025.
Top CD Rates Available Now
As of September 29, 2025, the highest CD rate available is 4.45% APY, offered by LendingClub on its 8-month CD. Several other banks are also offering competitive rates, making it crucial to compare options and find the best fit for your financial goals.
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| LendingClub | 8 Months | 4.45% | $500 |
| United Fidelity Bank | 6 Months | 4.35% | $1,000 |
| Climate First Bank | 6 Months | 4.34% | $500 |
| United Fidelity Bank | 60 Months | 4.30% | $1,000 |
Data source: Issuing banks. Rates are accurate as of September 28, 2025.
Featured CD Offers
LendingClub's 8-Month CD stands out with a 4.45% APY and a minimum deposit of $500. This short-term CD provides a balance between protecting your savings from potential rate cuts and keeping your cash accessible. All CDs featured are from FDIC-insured banks, guaranteeing deposit protection up to $250,000.
Is Now the Right Time to Open a CD?
If you have extra cash that you don't plan to use in the near future, a certificate of deposit could be a suitable option for growing your savings. CDs are best suited for money you can park without needing to access it. Consider a CD if:
- You already have an emergency fund.
- Your retirement and long-term goals are on track.
- You prefer steady growth over stock market volatility.
CDs offer safety, predictability, and FDIC insurance, making them a low-risk option for securing a fixed return.
The Power of Compounding: An Example
CDs provide certainty. For example, a $25,000 deposit in LendingClub's 8-month CD at 4.45% APY would yield approximately $736 in earnings within that short timeframe. Locking in today's rate could provide a significant advantage, especially with expectations of further rate declines before year-end.
How to Open a CD in 5 Simple Steps
Opening a CD is a straightforward process:
- Compare Banks: Look at rates from various institutions, particularly online banks.
- Pick your Deposit: Determine an amount you're comfortable leaving untouched.
- Apply Online or In Person: Provide necessary identification and funding details.
- Fund Your CD: Transfer funds from a checking or savings account.
- Note the Maturity Date: Mark your calendar to track when you can renew or cash out.
Alternatives: High-Yield Savings Accounts
A high-yield savings account (HYSA) offers flexibility and competitive APYs. Top HYSAs can rival CD rates while allowing immediate access to your funds. However, HYSA rates are not guaranteed and can fluctuate. One standout is CIT Platinum Savings, with a competitive rate and potential welcome bonuses.
National Average CD Rates Compared
Today’s CD rates are considerably higher than the national average. The Federal Reserve's recent rate cut has a ripple effect, making this potentially the last chance to secure today's high rates with a CD. The national average interest rate for a 1-year CD is around 1.70%, significantly lower than available rates like LendingClub's 4.45% APY. Current average CD rates are some of the highest seen in nearly two decades, influenced by the Fed's efforts to combat inflation.
Tips for Finding the Best CD Rates
When selecting a CD, prioritize a high APY and a term length that aligns with your financial objectives. Online banks and credit unions often offer more competitive rates than traditional banks. Choosing the right CD can provide a secure and predictable return on your savings.
