CD prices today, April 3, 2025 (blocking of up to 4.50% APY)

If you are looking for a safe place to keep your savings, a Deposit certificate (CD) can be a good choice. These accounts often offer higher interest rates than conventional checking accounts. However, the CD rates can vary greatly.

Learn more about where the CD rates are today and how you can find the best available prices.

The CD rates are relatively high compared to historical average values. Nevertheless, the CD prices have been to reduce their target rate since last year when the Federal Reserve began. The good news is that several financial institutions offer competitive rates of 4% APY and UP, especially online banks.

Today the highest CD rate 4.50% APY, which is offered by offers Marcus of Goldman Sachs On his 14-month CD. A minimum deposit of 500 US dollars is required.

Lendclub Also offers 4.50% APY for its 10-month CD with a minimum deposit of $ 2,500.

Here you will find some of the best CD prices that are available today by our verified partners:

See our selection for the best CD accounts on the market today >> >>

The Federal Reserve recently started reducing the Federal Funds Rate in view of the slowdown of inflation and an overall improved economic prospects. It reduced its target rate by one percentage point of one percentage point three times at the end of 2024.

The FED stated that it will continue to reduce its target rate in 2025. However, she is now projecting a total of two cuts that have been talking to four years after its previous projection.

The Federal Fundor does not affect the deposit interest rates directly, even though they are correlated. When the Fed lowers interest rates, financial institutions usually follow the example (and vice versa). Now that the Fed has reduced its rate, the CD prices falls again. Therefore, it may be a good time to put your money into a CD and to include the best prices of today.

The process for opening a CD account varies depending on the financial institution. However, there are some general steps that you can expect:

• Research CD rates: One of the most important factors when opening a CD is whether the account offers a competitive set. You can easily Compare the CD prices online to find the best offers.

• Choose an account that meets your requirements: While the interest rate of a CD is an important consideration, it shouldn’t be the only one. You should also rate the duration of the CD, the minimum requirements for the opening and the fees to ensure that a certain account meets your financial needs and goals. For example, you would like to avoid choosing a CD term that is too long, otherwise you will be exposed to one Early retreat If you have to pull out your funds before the CD matures.

• Prepare your documents: When opening a bank account, you have to provide some information, including your social security number, address and driver’s license or passport number. If you have these documents at hand, the application process will be optimized.

• Complete the application: Nowadays, many financial institutions enable you to apply for an account online, although in some cases you may have to visit the branch. In any case, the application for a new CD should only take a few minutes. And in many cases you will receive your approval decision immediately.

• Financed the account: As soon as your CD application has been approved, it is time to finance the account. This can usually be done by transferring money from another account or by post.

Read more: Step-by-step instructions for opening a CD