CD rates today, March 10, 2025 (Lock in up to 4.50% APY)

Mar 11, 2025

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The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on deposit account rates, which means now could be your last chance to lock in today's high rates with a certificate of deposit (CD). Here’s a look at today’s CD rates and where you can find the best offers.

As of March 10, 2025, CD rates are still competitive, particularly for shorter terms. For example, several financial institutions offer CD rates around 4.00% APY for terms of around a year or less. Longer-term CD rates are not quite as high, but the top offers still hover around 3.00%-4.00% APY for terms of three years and longer.

Today, the highest CD rate 4.50% APY, offered by Marcus by Goldman Sachs on its 14-month CD. There is a minimum opening deposit of $500 required.

Here is a look at some of the best CD rates available today from our verified partners.

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If you're considering a CD, these rates are some of the highest available, especially when compared to the national average rates, which are significantly lower. It's also worth noting that online banks and credit unions generally offer more competitive rates compared to traditional brick-and-mortar banks​.

Read more: What is a good CD rate?

Here’s a look at the average CD rate by term as of February 2025 (the most recent data available from the FDIC):

The highest national average interest rate for CDs stands at 1.82% for a 1-year term. However, in general, today’s average CD rates represent some of the highest seen in nearly two decades, largely due to the Federal Reserve's efforts to combat inflation by keeping interest rates elevated.

If you’re thinking about opening a CD, it’s important to choose one with a high APY and term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts that match your needs:

Shop around: It’s a good idea to evaluate CD rates from a variety of financial institutions and compare your options before settling on an account. You can easily compare CD rates online.

Consider online banks: Online banks tend to have lower overhead costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates available.

Check minimum deposit requirements: Higher CD rates might come with higher minimum deposit requirements, so make sure the amount you plan to deposit aligns with the requirements to get the best rate.

Review account terms and conditions: Beyond the CD’s rate, look at terms for early withdrawal penalties and auto-renewal policies. Some CDs offer better terms for flexibility, such as no-penalty CDs, which allow you to withdraw your funds without a fee before the maturity date.

Is a certificate of deposit a good investment right now? That depends on your timeline and goals. Learn more about whether now is a good time to invest in CDs.

CD interest rates play a key role in how much your savings can grow. Find out where today’s average CD rates stand and how to maximize your interest earnings.

If you have a certificate of deposit and want to add to your balance, you might be wondering whether you can add money to a CD. Here's what you should know.

A certificate of deposit (CD) is a helpful tool you can use to save money and earn a higher interest rate. So how do CDs work? Here's all you need to know.

Step-up CDs increase the interest rate at regular intervals throughout the CD’s term. However, you will likely find better interest rates on your savings elsewhere. Here’s what to know about step-up CDs.

Share certificates are offered by credit unions and have features similar to CDs. Learn more about how share certificates work and how to open one.