Compare CD Rates for May 2025
Read more about CD Rates Today
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Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation may impact how and where products appear on this site. You help support CreditDonkey by using our links.
CD rates are at a high - don't miss out! Explore the top CD accounts for secure investments and guaranteed returns. Grow your savings now.
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Who is paying the best rates on CDs?
- mph.bank:
60-Month Callable CD - 4.45% APY - Generations Bank:
36-Month Callable CD - 4.35% APY - Sallie Mae Bank:
10-Month High-Yield CD - 4.35% APY - Blue Federal Credit Union:
7-Month High-Yield CD - 4.25% APY - Generations Bank:
6-Month High-Yield CD - 4.15% APY - First Security Bank & Trust Company:
6-Month High-Yield CD - 4.15% APY - First Mid Bank & Trust:
6-Month High-Yield CD - 4.10% APY - Freedom Bank:
6-Month High-Yield CD - 4.10% APY - HealthcareBank:
7-Month High-Yield CD - 4.05% APY - Western Alliance Bank:
3-Month High-Yield CD - 4.40% APY - Dayspring Bank:
1-Month High-Yield CD - 4.26% APY
Top CreditDonkey Picks:
| Best Short Term | Western Alliance Bank: |
| Best Long Term | mph.bank: |
| Best No-Penalty | Sallie Mae Bank: |
| Most Popular | Blue Federal Credit Union: |
Explore CD Offers
60-Month Callable CD - 4.45% APY
- No fees
- $1 minimum deposit
- 24/7 online access to funds
- FDIC insured
36-Month Callable CD - 4.35% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
3-Month High-Yield CD - 4.25% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
7-Month High-Yield CD - 4.25% APY
- No fees
- $1 minimum deposit
- 24/7 online access to funds
- Federally insured by NCUA
3-Month High-Yield CD - 4.25% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
4-Month High-Yield CD - 4.21% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
How much do you want to deposit in a CD?
Highest CD Rates By Popular Terms
What is the highest paying CD rate right now?
Here are some of the top CD rates by term:
Here are some of the top CD rates by term:
| Term | Bank and Yield Rate |
|---|---|
| 3 Month | Western Alliance Bank: |
| 6 Month | Generations Bank: |
| 9 Month | Blue Federal Credit Union: |
| 1 Year | First Financial Northwest: |
| 18 Month | American First Credit Union: |
| 2 Year | Always.bank: |
| 3 Year | Generations Bank: |
| 4 Year | SkyOne Federal Credit Union: |
- Compare 3-month CD Rates
- Western Alliance Bank:
3-Month High-Yield CD - 4.40% APY - Always.bank:
3-Month High-Yield CD - 4.25% APY - Bank Of Utah:
3-Month High-Yield CD - 4.25% APY - Ponce Bank:
3-Month High-Yield CD - 4.25% APY - Freedom Bank:
3-Month High-Yield CD - 4.20% APY - SkyOne Federal Credit Union:
3-Month High-Yield CD - 4.15% APY
- Western Alliance Bank:
- Compare 6-month CD Rates
- Generations Bank:
6-Month High-Yield CD - 4.15% APY - First Security Bank & Trust Company:
6-Month High-Yield CD - 4.15% APY - First Mid Bank & Trust:
6-Month High-Yield CD - 4.10% APY - Freedom Bank:
6-Month High-Yield CD - 4.10% APY - Bank Of Utah:
6-Month High-Yield CD - 4.05% APY - Western Alliance Bank:
6-Month High-Yield CD - 4.00% APY - Ponce Bank:
6-Month High-Yield CD - 4.00% APY - The Atlantic Federal Credit Union:
6-Month High-Yield CD - 1.50% APY - Ohio State Bank:
6-Month High-Yield CD - 0.50% APY
- Generations Bank:
- Compare 9-month CD Rates
- Blue Federal Credit Union:
9-Month High-Yield CD - 4.15% APY - First Mid Bank & Trust:
9-Month High-Yield CD - 4.08% APY - Freedom Bank:
9-Month High-Yield CD - 4.00% APY - Western Alliance Bank:
9-Month High-Yield CD - 3.90% APY - Ponce Bank:
9-Month High-Yield CD - 3.00% APY - Ohio State Bank:
9-Month High-Yield CD - 0.50% APY
- Blue Federal Credit Union:
- Compare 1-year CD Rates
- First Financial Northwest:
18-Month High-Yield CD - 4.15% APY - Consumers Credit Union:
12-Month High-Yield CD - 4.10% APY - SkyOne Federal Credit Union:
12-Month Callable CD - 4.10% APY - First Security Bank & Trust Company:
12-Month High-Yield CD - 4.10% APY - Freedom Bank:
12-Month High-Yield CD - 4.00% APY - American First Credit Union:
12-Month High-Yield CD - 4.00% APY - Bank Of Utah:
12-Month High-Yield CD - 3.90% APY - Western Alliance Bank:
12-Month High-Yield CD - 3.80% APY - GreenState Credit Union:
12-Month No Penalty CD - 3.55% APY - Great Lakes Credit Union:
12-Month High-Yield CD - 1.25% APY
- First Financial Northwest:
- Compare 2-year CD Rates
- Always.bank:
24-Month Callable CD - 3.95% APY - American First Credit Union:
24-Month High-Yield CD - 3.75% APY
- Always.bank:
All banks on our list are insured by the FDIC, and all credit unions are insured by the NCUA. This means if the bank or credit union fails, the federal government protects your money up to $250,000 per depositor.
Don't Want to Lock In Your Funds? Try a No-Penalty CD
A No-Penalty CD lets you take out your money early with no early withdrawal fees. This lets you:
- Preserve capital and earn guaranteed returns without tying up funds
- Retain flexibility to move your funds if you see a better investment opportunity
- Access your funds if there's an emergency
So if there's a chance you might need your funds, try a No-Penalty CD for the same stability, but without the commitment.
Top No-Penalty CD Rates:
- Sallie Mae Bank:
10-Month No Penalty CD - 4.30% APY - Sallie Mae Bank:
14-Month No Penalty CD - 4.25% APY - OptimumBank:
5-Month No-Penalty CD - 4.20% APY - Ponce Bank:
4 Month No-Penalty CD - 4.15% APY - Mission Valley Bank:
3-Month No-Penalty CD - 4.15% APY - Blue Federal Credit Union:
9-Month No Penalty CD - 4.15% APY - Technology Credit Union:
5-Month No Penalty CD - 4.00% APY - SkyOne Federal Credit Union:
12-Month No-Penalty CD - 3.90% APY - Freedom Bank:
12-Month No-Penalty CD - 3.75% APY - Freedom Bank:
9-Month No-Penalty CD - 3.65% APY
Why Open a CD Account?
CDs are a secure way to earn interest. You'll get the benefits of:
- Stability & Guaranteed Returns
Your interest rate is locked in for the duration of the CD term. Even if interest rates fall in the economy, you'll still keep your same APY. (But this also means you could miss out if interest rates rise.) - High Interest Rates
CDs often offer higher interest rates than regular savings accounts. It's an easy way to grow money that you don't need right away. - Many Term Options
Most banks offer CDs with a variety of term options to suit your timeline. They can be from just 1 month all the way up to 10 years.
Pro Tip: If you have a huge sum to deposit, split that up into multiple CDs. This way, if an emergency comes up and you need to dip into your funds, you won't need to withdraw the entire sum.
Featured CD
7-Month High-Yield CD - 4.25% APY
- No fees
- $1 minimum deposit
- 24/7 online access to funds
- Federally insured by NCUA
What's the Catch?
CDs can be a great investment, but before you jump in, there are some cons to be aware of:
- Early Withdrawal Penalties
Withdrawing your money early before the term is up will cost you. It's usually a few months' worth of interest, and sometimes, can even dip into the principal.Like mentioned above, if you're not sure about committing your funds, it's best to open a no-penalty CD.
- No Additional Deposits
Unlike savings accounts, you typically can't add more deposits to your CD once it's opened. If you have more to save, you have to open a new CD.
What to Look for in a CD Account
- Term: You want a CD term that fits your financial goals. For example, if you're planning to buy a house in a year, look for CD terms around 1 year.
- Interest Rate: You want the highest APY to earn bigger returns. Make sure to look around and compare rates.
- Minimum Deposit: Some banks may require $500 to $2,500 to open a CD. However, many online banks and credit unions have no minimums or require only a few dollars.
Is a CD Right for Me?
If you have a chunk of money to keep safe, a CD could be a great option since there's very little risk and you get stable returns.
But since CDs lock in your funds for a fixed amount of time, it's best to make sure you really won't need the money.
If there's any chance at all you might need it, look for a special kind of CD called a "no-penalty CD." This CD is more flexible and lets you withdraw early without a fee.
Top No-Penalty CD Rates:
- Sallie Mae Bank:
10-Month No Penalty CD - 4.30% APY - OptimumBank:
5-Month No-Penalty CD - 4.20% APY - Ponce Bank:
4 Month No-Penalty CD - 4.15% APY - Mission Valley Bank:
3-Month No-Penalty CD - 4.15% APY - Blue Federal Credit Union:
9-Month No Penalty CD - 4.15% APY - Technology Credit Union:
5-Month No Penalty CD - 4.00% APY - SkyOne Federal Credit Union:
12-Month No-Penalty CD - 3.90% APY - Freedom Bank:
12-Month No-Penalty CD - 3.75% APY - GreenState Credit Union:
12-Month No Penalty CD - 3.55% APY
Alternatives to CDs
Not sure if a CD is right for your goals? Here are other investment options you can consider:
High-yield savings accounts
A high-yield savings account lets you add more deposits or withdraw money when you need to. These savings accounts are currently offering APYs just as high as CDs, but the rate is not fixed.
Compare Savings Account Offers
- Western Alliance Bank:
High Yield Savings Account - 4.25% APY - Mission Valley Bank:
High Yield Savings Account - 4.27% APY - The State Exchange Bank:
High Yield Savings Account - 4.26% APY - DR Bank:
High-Yield Savings Account - 4.25% APY - Paprika Capital Bank:
High-Yield Savings Account - 4.22% APY - Dayspring Bank:
High-Yield Savings Account - 4.17% APY - First Community Bank:
High-Yield Savings Account - 4.00% APY - RBMAX:
High-Yield Savings Account - 3.66% APY
Money market accounts
Some money market accounts come with a debit card, ATM access, and a checkbook. They can also offer competitive rates but they can change over time, unlike CDs.
Compare Money Market Account Offers
- American First Credit Union:
Money Market Deposit Account - 4.30% APY - First Security Bank & Trust Company:
Money Market Deposit Account - 4.30% APY - Generations Bank:
Money Market Deposit Account - 4.29% APY - Prism Bank:
Money Market Deposit Account - 4.29% APY - Icon Business Bank:
Money Market Deposit Account - 4.29% APY
Featured Savings Accounts
High Yield Savings Account - 4.25% APY
- No fees
- $1 minimum deposit
- 24/7 online access
- FDIC insured
High Yield Savings Account - 4.27% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
Bottom Line
A CD is one of the safest ways to grow your money with steady, guaranteed returns. And plus, rates are at a high right now, so it's a great time to open an account.
Just make sure that you're ok with tying up your funds for money for the specific term. Or if you think you might need the money, go for a no-penalty CD because you can withdraw early if you need to.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
