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Best CD Rates of January 2025

Review Updated
Matt Frankel, CFP®
Nathan Alderman
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

While CD rates aren't directly linked to the federal funds rate, they tend to move in the same direction. Since the Fed has cut rates a full percentage point since September 2024, CD rates have gradually fallen as well.

The Fed is predicting two more rate cuts in 2025, meaning CD yields are unlikely to get any higher in the next few months. If you have cash sitting on the sidelines, now is a great time to lock into a high-yield CD.

We've evaluated over 100 banking institutions and found 9 CDs that we think are the best choice for you. See our top picks below.

  • Our team of experts assessed 100+ banking institutions
  • We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
  • Our bank ratings are never influenced by our advertising partners
  • We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Here are three of our favorite CDs on the market. Click the links below to go straight to the issuer's website to learn more.

Ratings Methodology
Rates as of Dec. 18, 2024
Best CD rates of January 2025
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 3.80% Term: 1.5 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 4.15% Term: 1 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: 4.00% Term: 1 Year Min. Deposit:  $500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.00% Term: 1 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 3.90% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 3.85% Term: 2 Year Min. Deposit:  $1,500
Member FDIC.
APY: 4.25% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.50% Term: 5 Year Min. Deposit:  $0
APY: 4.65% Term: 6 Months Min. Deposit:  $500
APY: 4.30% Term: 1 Months Min. Deposit:  $1
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 1 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.80% Term: 3 Months Min. Deposit:  $1,500
Member FDIC.
APY: 4.50% Term: 3 Months Min. Deposit:  $1,000
APY: up to 2.01% Term: 3 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
APY: 2.00% Term: 3 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 3.71% Term: 3 Months Min. Deposit:  $10,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Months Min. Deposit:  $500
APY: 4.50% Term: 3 Months Min. Deposit:  $1
Open Account for

On Secure Website.

Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 3 Months Min. Deposit:  $1,000
APY: 2.00% Term: 3 Months Min. Deposit:  $500
APY: 4.30% Term: 3 Months Min. Deposit:  $1
Member FDIC.
APY: 4.65% Term: 3 Months Min. Deposit:  $1,000
Member FDIC.
APY: up to 4.75% Term: 3 Months Min. Deposit:  $1,000
Member FDIC.
APY: up to 4.63% Term: 3 Months Min. Deposit:  $1,000
APY: 3.00% Term: 3 Months Min. Deposit:  $0
APY: up to 4.51% Term: 4 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
APY: 5.50% Term: 5 Months Min. Deposit:  $2,500
First National Bank Special CD
Member FDIC.
APY: 4.75% Term: 5 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 4.90% Term: 5 Months Min. Deposit: 
APY: up to 2.01% Term: 6 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
Member FDIC.
APY: 3.50% Term: 6 Months Min. Deposit:  $500
APY: 5.21% Term: 6 Months Min. Deposit:  $1
Member FDIC.
APY: 3.00% Term: 6 Months Min. Deposit:  $1,000
APY: 4.50% Term: 6 Months Min. Deposit:  $10,000
Valley Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $500
APY: 3.95% Term: 6 Months Min. Deposit:  $2,500
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.35% Term: 6 Months Min. Deposit:  $1,000
APY: 4.20% Term: 6 Months Min. Deposit:  $0
APY: 4.10% Term: 6 Months Min. Deposit:  $500
APY: 3.80% Term: 6 Months Min. Deposit:  $0
APY: 3.70% Term: 6 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $500
Open Account for

On Secure Website.

Member FDIC.
APY: 4.45% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.00% Term: 6 Months Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

APY: 4.70% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit:  $1,500
Member FDIC.
APY: 1.00% - 4.00% Term: 6 Months Min. Deposit:  $250.00
Member FDIC.
APY: 3.00% Term: 6 Months Min. Deposit:  $1,000
Open Account for CIT Bank CD

On CIT's Secure Website.

APY: 4.40% Term: 6 Months Min. Deposit:  $0
First Tech CD
APY: up to 4.91% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 4.25% Term: 6 Months Min. Deposit:  $0
Member FDIC.
APY: up to 4.35% Term: 6 Months Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
APY: 4.00% Term: 6 Months Min. Deposit:  $1
Member FDIC.
APY: 5.30% Term: 6 Months Min. Deposit:  $1,000
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 0.05% Term: 6 Months Min. Deposit:  $1,000
APY: 4.50% Term: 6 Months Min. Deposit:  $500
Fidelity CD
Member FDIC.
APY: 5.25% Term: 6 Months Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 6 Months Min. Deposit:  $500
APY: 4.40% Term: 6 Months Min. Deposit:  $1
Open Account for

On Secure Website.

Member FDIC.
APY: 4.15% Term: 6 Months Min. Deposit:  $500
APY: 3.00% Term: 6 Months Min. Deposit:  $500
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.80% Term: 6 Months Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Months Min. Deposit:  $1,000
APY: 4.20% Term: 6 Months Min. Deposit:  $1
Vanguard Brokered CD
Member FDIC.
APY: 5.25% Term: 6 Months Min. Deposit:  $1,000
APY: 4.00% Term: 6 Months Min. Deposit:  $1,000
APY: 4.24% Term: 6 Months Min. Deposit:  $10,000
Member FDIC.
APY: up to 4.30% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 7 Months Min. Deposit:  $1,000
Open Account for Ponce Bank CDs

On Ponce Bank's Secure Website.

APY: up to 4.26% Term: 7 Months Min. Deposit:  $2,500 for Standard, $5,000 for Special
Huntington Bank Promotional CD
Member FDIC.
APY: 5.13% Term: 7 Months Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 4.34% Term: 7 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.50% Term: 7 Months Min. Deposit:  $500
APY: 4.75% Term: 7 Months Min. Deposit:  $500
APY: 5.00% Term: 7 Months Min. Deposit: 
First National Bank Special CD
Member FDIC.
APY: 4.50% Term: 7 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 4.30% Term: 9 Months Min. Deposit:  $1,000
APY: 4.00% Term: 9 Months Min. Deposit:  $2,500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.99% Term: 9 Months Min. Deposit:  $10,000
APY: 4.30% Term: 9 Months Min. Deposit:  $0
Member FDIC.
APY: 2.50% Term: 9 Months Min. Deposit:  $500
APY: 4.25% Term: 9 Months Min. Deposit:  $10,000
Member FDIC.
APY: 1.00% - 4.00% Term: 9 Months Min. Deposit:  $250.00
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 9 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.75% Term: 9 Months Min. Deposit:  $1,000
Member FDIC.
APY: 4.25% Term: 9 Months Min. Deposit:  $0
APY: 4.35% Term: 9 Months Min. Deposit:  $1
Open Account for

On Secure Website.

Member FDIC.
APY: 5.30% Term: 9 Months Min. Deposit:  $1,000
APY: 3.65% Term: 9 Months Min. Deposit:  $1
APY: 4.10% Term: 9 Months Min. Deposit:  $500
Member FDIC.
APY: up to 4.50% Term: 9 Months Min. Deposit:  $1,000
Member FDIC.
APY: 3.80% Term: 9 Months Min. Deposit:  $1,500
APY: 3.80% Term: 9 Months Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Member FDIC.
APY: 4.25% Term: 10 Months Min. Deposit:  $2,500
Open Account for

On Secure Website.

APY: 5.31% Term: 10 Months Min. Deposit:  $1
APY: 3.75% Term: 11 Months Min. Deposit:  $0
Republic Bank of Chicago CD
Member FDIC.
APY: 4.04% Term: 11 Months Min. Deposit:  $1,000
Huntington Bank Promotional CD
Member FDIC.
APY: 4.86% Term: 11 Months Min. Deposit:  $1,000
APY: 3.50% Term: 11 Months Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 1 Year Min. Deposit:  $1,000
APY: 4.50% Term: 1 Year Min. Deposit:  $500
APY: 4.51% Term: 1 Year Min. Deposit:  $5,000
APY: 3.60% Term: 1 Year Min. Deposit:  $0
Member FDIC.
APY: up to 4.50% Term: 1 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 0.75% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 4.05% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $1,000
APY: 3.75% Term: 1 Year Min. Deposit:  $1
APY: 4.10% Term: 1 Year Min. Deposit:  $2,500
APY: 4.40% Term: 1 Year Min. Deposit:  $0
Valley Bank CD
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit:  $500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 1.00% - 3.75% Term: 1 Year Min. Deposit:  $250.00
Member FDIC.
APY: 2.50% Term: 1 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $0
Member FDIC.
APY: 5.05% Term: 1 Year Min. Deposit:  $1,000
APY: 4.00% Term: 1 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1 Year Min. Deposit:  $1,000
APY: 4.00% Term: 1 Year Min. Deposit:  $10,000
Member FDIC.
APY: 4.25% Term: 1 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.42% Term: 1 Year Min. Deposit:  $1,000
APY: 4.00% Term: 1 Year Min. Deposit:  $1
APY: 4.20% Term: 1 Year Min. Deposit:  $500
APY: 4.00% Term: 1 Year Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.40% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.25% Term: 1 Year Min. Deposit:  $1,000
APY: 1.50% Term: 1 Year Min. Deposit:  $500
APY: 4.25% Term: 1 Year Min. Deposit:  $1
Open Account for

On Secure Website.

Member FDIC.
APY: 3.85% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.30% Term: 1 Year Min. Deposit:  $1,500
APY: 4.10% Term: 1 Year Min. Deposit:  $500
APY: 5.20% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 1 Year Min. Deposit:  $1,000
APY: 4.25% Term: 1 Year Min. Deposit:  $0
APY: 4.37% Term: 1 Year Min. Deposit:  $10,000
APY: 4.25% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 5.00% Term: 1 Year Min. Deposit:  $5,000
Fidelity CD
Member FDIC.
APY: 5.05% Term: 1 Year Min. Deposit:  $1,000
First Tech CD
APY: up to 4.55% Term: 1 Year Min. Deposit:  $500
APY: 4.00% Term: 1 Year Min. Deposit:  $0
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 5.00% Term: 13 Months Min. Deposit:  $500
Member FDIC.
APY: 4.00% Term: 13 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 4.00% Term: 13 Months Min. Deposit:  $5,000 or $10,000, depending on term
Member FDIC.
APY: 3.50% Term: 13 Months Min. Deposit:  $1,000
Open Account for CIT Bank CD

On CIT's Secure Website.

Member FDIC.
APY: 4.00% Term: 13 Months Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 4.33% Term: 13 Months Min. Deposit:  $1,000
APY: 5.15% Term: 13 Months Min. Deposit: 
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.54% Term: 15 Months Min. Deposit:  $10,000
Member FDIC.
APY: 0.50% to 1.01% Term: 15 Months Min. Deposit:  $500
Federally insured by NCUA.
APY: 5.10% Term: 16 Months Min. Deposit:  $500
Member FDIC.
APY: 3.80% Term: 1.5 Year Min. Deposit:  $1,500
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.15% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.50% Term: 1.5 Year Min. Deposit:  $10,000
Member FDIC.
APY: 3.00% Term: 1.5 Year Min. Deposit:  $1,000
Open Account for CIT Bank CD

On CIT's Secure Website.

Member FDIC.
APY: 3.90% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.70% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 2.50% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.00% - 3.00% Term: 1.5 Year Min. Deposit:  $250.00
APY: 3.70% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.25% Term: 1.5 Year Min. Deposit:  $0
APY: 4.00% Term: 1.5 Year Min. Deposit:  $0
APY: 4.15% Term: 1.5 Year Min. Deposit:  $500
Republic Bank of Chicago CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.70% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.80% Term: 1.5 Year Min. Deposit:  $2,500
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 4.25% Term: 1.5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $500
APY: 3.25% Term: 1.5 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: 3.95% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.98% Term: 1.5 Year Min. Deposit:  $10,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1.5 Year Min. Deposit:  $1,000
APY: 3.35% Term: 1.5 Year Min. Deposit:  $0
APY: 4.00% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 3.90% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 2.45% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 3.75% Term: 1.5 Year Min. Deposit:  $2,500
Open Account for LendingClub CD

On LendingClub's Secure Website.

Vanguard Brokered CD
Member FDIC.
APY: 5.40% Term: 1.5 Year Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 19 Months Min. Deposit:  $5,000 or $10,000, depending on term
APY: 3.75% Term: 2 Year Min. Deposit:  $500
APY: 3.75% Term: 2 Year Min. Deposit:  $2,500
APY: 3.00% Term: 2 Year Min. Deposit:  $0
Open Account for Barclays Online CD

On Barclays' Secure Website.

Member FDIC.
APY: up to 4.40% Term: 2 Year Min. Deposit:  $1,000
APY: 3.50% Term: 2 Year Min. Deposit:  $0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY: 3.90% Term: 2 Year Min. Deposit:  $0
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 1.50% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.85% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 3.80% Term: 2 Year Min. Deposit:  $0
Valley Bank CD
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 3.50% Term: 2 Year Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.10% Term: 2 Year Min. Deposit:  $1,000
APY: 3.50% Term: 2 Year Min. Deposit:  $10,000
APY: 3.50% Term: 2 Year Min. Deposit:  $0
First Internet Bank of Indiana CD
Member FDIC.
APY: 3.93% Term: 2 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 4.90% Term: 2 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $1,000
APY: 3.50% Term: 2 Year Min. Deposit:  $0
Member FDIC.
APY: 3.35% Term: 2 Year Min. Deposit:  $500
Open Account for

On Secure Website.

First Tech CD
APY: up to 2.25% Term: 2 Year Min. Deposit:  $500
APY: 4.15% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 3.00% Term: 2 Year Min. Deposit:  $1,000
APY: 4.53% Term: 2 Year