Current CD Rates, August 2025: APYs Mostly Steady
High-yield CD rates have alternated between dropping and staying steady for the first half of 2025. See rates by CD term below.
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Current high-yield CD rates have largely stayed in the mid-3% to low 4% range for the first half of 2025, based on NerdWallet analysis. Skip down to see current CD rates.
» COMPARE: Check out our best CD rates
High CD rates for now
The Fed has kept its benchmark rate steady in 2025. As a result, banks and credit unions have only adjusted CD rates slightly, mostly downwards. With a CD, you can lock in high rates while they’re still around.
2025 data highlight: No change or small dips for CDs
CD rates at nearly two dozen online banks and credit unions saw a slowdown in their descent from December through July. Longer-term CDs stayed more steady while short-term CDs dipped slightly. This more gradual decrease contrasts to the steeper rate drops around September 2024, which was when the Federal Reserve made its first rate cut since 2020. The latest rate dips are up to 10 basis points (0.10 percentage point).
CD term | Median APY: Sept. 2024 | Median APY: Jan. 2025 | Median APY: July 2025 |
|---|---|---|---|
6-month CD | 4.55%. | 4.00%. | 3.90%. |
1-year CD | 4.60%. | 4.00%. | 4.00%. |
3-year CD | 3.90%. | 3.50%. | 3.50%. |
5-year CD | 3.60%. | 3.50%. | 3.50%. |
See methodology details | |||
CD rate trend 2025: higher short-term CDs
The trend of shorter-term CD rates being higher than longer-term CD rates continues into 2025, both for national averages and among high-yield CDs. While seeing CD rates around 4% can be nice, the term length is also important. You earn less interest with a six-month CD than a one-year CD with the same rate.
Overview: high-yield and national CD rates
Online-only banks and credit unions continue to have the most competitive interest rates on certificates of deposit, but these high-yield CD rates are expected to drop when the Fed cuts its federal funds rate. For the first five meetings of 2025, though, the Fed kept its rate steady due in part to economic uncertainty. See more details in our CD rate forecast.
» Learn more: how Fed rate decisions affect CDs
National average CD rates have also been higher than they’ve been for most of the past decade, though they remain far lower than CDs at online institutions. The gradual rise of online high-yield CD rates started in July 2021, after a relatively low-rate environment in 2020 and early 2021. After the Fed rate cut in September 2024, CD rates started dropping but remained fairly steady in 2025. (See more context about historical CD rates.)
High-yield CD rates today can be several times the national average of 1.33% APY for five-year terms and the national average of 1.63% APY for one-year terms. Unlike regular savings accounts, most CDs have fixed rates, so you can lock in a higher rate while it lasts.
Here's a look at current CD rates at some online banks and credit unions.
Current promotional CD rates
The following promotional CD rates stand out based on NerdWallet’s data analysis in late July 2025. Expiration dates for a promo are shown when available.
In general, promotional rates tend to be for irregular CD terms and featured on banking websites as a “promotional rate” or “CD special.” (For more details, see how promotional CD rates work.)
Name (click to see our review) | CD rate (or certificate rate) |
|---|---|
NBKC Bank: 7-month CD | 4.30% APY. |
Newtek Bank: 9-month CD | 4.00% APY. |
Consumers Credit Union: 9-month Certificate | 4.25% APY. |
NASA Federal Credit Union: 9-month Certificate | 4.45% APY. |
CIBC U.S.: 9-month CD | 4.26% APY. |
Bask Bank: 9-month CD | 4.25% APY. |
Marcus by Goldman Sachs: 9-month CD | 4.30% APY (annual percentage yield) as of 07/22/2025 APY. |
Service Credit Union: 9-month Certificate | 4.15% APY. |
Sallie Mae Bank: 9-month CD | 3.90% APY. |
OMB Bank: 9-month CD | 4.15% APY. |
Customers Bank: 9-month CD | 4.15% APY. |
E*TRADE: 9-month CD | 4.35% APY. |
Sallie Mae Bank: 11-month CD | 4.10% APY. |
Sallie Mae Bank: 13-month CD | 4.30% APY. |
Synchrony Bank: 13-month CD | 4.15% APY. |
EverBank: 13-month CD | 4.10% APY. |
LendingClub Bank: 14-month CD | 4.25% APY. |
NASA Federal Credit Union: 15-month Certificate | 4.24% APY. |
Synchrony Bank: 15-month CD | 4.25% APY. |
Sallie Mae Bank: 15-month CD | 4.40% APY. |
Synchrony Bank: 19-month CD | 4.15% APY. |
NASA Federal Credit Union: 49-month Certificate | 4.20% APY. |
Current CD rates: high-yield and national averages by term
Here’s a sample of three high-yield CD rates per term, compared to the national average, at various online banks and credit unions.
CURRENT CD RATES: 3-month | |
Popular Direct | 4.30% APY. |
EverBank | 3.90% APY. |
Alliant Credit Union | 3.10% APY. |
National average for 3-month CD | 1.39%. |
» See more best 3-month CD rates | |
CURRENT CD RATES: 6-month | |
Popular Direct | 4.30% APY. |
Alliant Credit Union | 4.10% APY. |
First Internet Bank | 4.28% APY. |
National average for 6-month CD | 1.52%. |
» See more best 6-month CD rates | |
CURRENT CD RATES: 1-year | |
Popular Direct | 4.25% APY. |
Bread Savings® | 4.00% APY*. |
First Internet Bank | 4.19% APY. |
National average for 1-year CD | 1.63%. |
» See more best 1-year CD rates | |
CURRENT CD RATES: 3-year | |
Popular Direct | 4.10% APY. |
Bread Savings | 4.00% APY*. |
Synchrony Bank | 4.00% APY. |
National average for 3-year CD | 1.34%. |
» See more best 3-year CD rates | |
CURRENT CD RATES: 5-year | |
Popular Direct | 4.15% APY. |
Bread Savings | 3.85% APY*. |
Synchrony Bank | 4.15% APY. |
National average for 5-year CD | 1.33%. |
» See more best 5-year CD rates | |
“National average” refers to the Federal Deposit Insurance Corp. national averages. *Bread Savings disclosure | |
Member FDIC
Marcus by Goldman Sachs 7 Month No-Penalty CD
4.15%
7 months
Member FDIC
Discover® CD - Limited Time Offer
4.20%
6 months
Member FDIC
Discover® CD
4.00%
1 year
» Want to see a wider pool of high rates? See our list of the best high-interest accounts