Best CDs Right Now: Top High-Yield Certificates of Deposit in 2025
Certificates of Deposit (CDs) are a secure way to grow savings with predictable returns. Unlike stocks or bonds, CDs offer fixed interest rates, ensuring stability regardless of market fluctuations. In 2025, several banks and credit unions provide competitive CD rates, catering to different investment horizons and financial needs. Below, we break down the top CD options available, their features, and how they compare.
Top High-Yield CDs in 2025
Several financial institutions stand out for offering the best CD rates this year.

Here are the top contenders:
- Ally Bank : Known for its no-penalty CD, Ally offers flexibility with competitive rates.
- Marcus by Goldman Sachs : Provides high-yield CDs with no minimum deposit requirement.
- Synchrony Bank : Offers a range of CD terms with strong APYs.
- Capital One : Features CDs with low minimum deposits and attractive rates.
- Discover Bank : Combines high yields with excellent customer service.
Types of CDs Available
Investors can choose from various CD types based on their needs:
- Traditional CDs : Fixed terms ranging from 3 months to 10 years.
- No-Penalty CDs : Allow early withdrawals without fees.
- Jumbo CDs : Require larger deposits (typically $100,000+) for higher rates.
- Bump-Up CDs : Permit one-time rate increases during the term.
- Step-Up CDs : Automatically increase rates at predetermined intervals.
Factors to Consider When Choosing a CD
Before investing, evaluate these key aspects:
- Interest Rate : Compare APYs to maximize earnings.
- Term Length : Shorter terms offer liquidity; longer terms yield higher rates.
- Early Withdrawal Penalty : Understand fees for accessing funds prematurely.
- Minimum Deposit : Ensure the CD aligns with your budget.
- Compounding Frequency : More frequent compounding boosts returns.
Comparison of Best CDs in 2025
| Bank | CD Type | Term | APY | Minimum Deposit |
|---|---|---|---|---|
| Ally Bank | No-Penalty | 11 months | 4.25% | $0 |
| Marcus by Goldman Sachs | Traditional | 12 months | 4.50% | $500 |
| Synchrony Bank | High-Yield | 24 months | 4.75% | $2,000 |
| Capital One | Traditional | 36 months | 5.00% | $1,000 |
| Discover Bank | Traditional | 60 months | 5.25% | $2,500 |
How to Open a CD
Opening a CD is straightforward:
- Research and compare rates from multiple banks.
- Choose a CD type and term that suits your goals.
- Complete the online or in-person application.
- Fund the account with the required minimum deposit.
- Monitor the CD until maturity or consider reinvesting.
References
Ally Bank
Marcus by Goldman Sachs
Synchrony Bank
Capital One
Discover Bank