Best CD Rates for March 2025: Boost Your Earnings With APYs up to 4.65%
Top accounts boast rates more than three times the national average for some terms.
A certificate of deposit lets you earn interest on a sum of money with a fixed annual percentage yield, or APY, over a fixed period of time, or term. CDs are a good savings option to park money for a few months or years with minimal risk of losing your earnings.
If you need to access the money before it fully matures, you’ll often pay an early withdrawal penalty that can reduce your interest earnings. Most CD options require a single deposit and don’t allow additional deposits, so you’ll need to gather your funds before opening an account. When you’re ready to open a CD, compare the best terms and rates among local credit unions and banks to find the right fit for your savings.
- BMO Alto 3.90% 6-month APY, 3.90% 1-year APY, 3.50% 3-year APY, 3.60% 5-year APY
- CommunityWide Federal Credit Union 4.65% 6-month APY, 4.45% 1-year APY, 3.80% 3-year APY, 3.40% 5-year APY
- First Internet Bank of Indiana 4.15% 6-month APY, 4.20% 1-year APY, 3.77% 3-year APY, 3.65% 5-year APY
- Bread Savings 4.50% 6-month APY, 4.10% 1-year APY, 4.00% 3-year APY, 4.00% 5-year APY
- CFG Bank N/A 6-month, 4.15% 1-year, 3.75% 3-year, 3.65% 5-year
- LendingClub 4.00% 6-month APY, 3.75% 1-year APY, N/A 3-year APY, 3.40% 5-year APY
- MYSB Direct 4.25% 6-month, 4.25% 1-year, 4.01% 3-year, 4.01% 5-year
- NexBank 4.14% 6-month, 4.35% 1-year, 3.44% 3-year, 3.29% 5-year
A type of savings account in which a lump-sum deposit accrues interest at a fixed rate for a fixed term, usually with an early withdrawal penalty.
A CD’s interest rate that represents the return from the compounded interest you’ll earn in 12 months on your deposit. The higher the APY, the faster your money grows.
The fixed period in which your deposit earns interest. The maturity date is the end of the term, which can range from one month to 10 years or more.
The fee for withdrawing your CD funds before maturity, often equalling a period's worth of interest, which varies by institution and length of CD term.
Similar to a CD, but issued by a credit union, in which a credit union member deposits a lump sum that accrues interest for a fixed term.
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