Best CDs Right Now: A Guide to High-Yield Savings Accounts
High-yield savings accounts and CDs are excellent tools for growing your savings with minimal risk. These financial products are offered by banks and credit unions, providing higher interest rates than standard savings accounts. While high-yield savings accounts offer liquidity, CDs lock in your money for a fixed term in exchange for higher returns. Both options are FDIC-insured up to $250,000 per depositor, ensuring your funds are protected.
When selecting a high-yield savings account or CD, it’s essential to compare APYs, minimum deposit requirements, and fees.

Top High-Yield Savings Accounts in 2025
Several banks and credit unions offer competitive high-yield savings accounts with attractive APYs. Here are some of the best options available:
- Ally Bank – Known for its user-friendly online platform, Ally Bank offers a high-yield savings account with no monthly fees and a competitive APY.
- Marcus by Goldman Sachs – This account provides a high APY with no minimum deposit requirement, making it accessible to all savers.
- Discover Bank – Discover’s high-yield savings account features no fees and a strong APY, along with excellent customer service.
Best CDs Right Now
If you’re looking for fixed returns, CDs are a great choice. Here are some of the top CDs available in 2025:
- Synchrony Bank – Offers competitive rates on CDs with terms ranging from 3 months to 5 years.
- Capital One – Provides flexible CD options with no minimum deposit for some terms.
- Barclays – Known for its high APYs on CDs with various term lengths.
Comparison Table: High-Yield Savings Accounts vs. CDs
| Financial Institution | Product Type | APY | Minimum Deposit | Term Length |
|---|---|---|---|---|
| Ally Bank | High-Yield Savings | 4.25% | $0 | N/A |
| Marcus by Goldman Sachs | High-Yield Savings | 4.30% | $0 | N/A |
| Discover Bank | High-Yield Savings | 4.20% | $0 | N/A |
| Synchrony Bank | CD | 5.00% | $1,000 | 12 months |
| Capital One | CD | 4.75% | $0 | 6 months |
| Barclays | CD | 5.10% | $1,000 | 24 months |
Key Considerations When Choosing a Savings Option
Before opening a high-yield savings account or CD, consider the following factors:
- Interest Rates – Compare APYs to ensure you’re getting the best return on your savings.
- Liquidity Needs – High-yield savings accounts offer more flexibility, while CDs require locking in funds.
- Fees and Penalties – Some accounts charge monthly fees or early withdrawal penalties.
- Minimum Deposit Requirements – Ensure you meet the minimum deposit for the account or CD you choose.
References
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