Best CD Savings Accounts Of April 2025
Up to 5.50% guaranteed APY
High Rates
FDIC Insured
Zero Risk
Secured process
High Rates
FDIC Insured
Compare top savings offers reviewed by our financial experts. Get high yield rates with no risk (FDIC/NCUA insured) to your funds
647,250+
Customers used pickmybank.com in 2024 to make better & smarter financial decisions
Customers used pickmybank.com in 2024 to make better & smarter financial decisions
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Your funds are fully FDIC/NCUA insured and secured by top banking platforms
Your funds are fully FDIC/NCUA insured and secured by top banking platforms
Open an account today
Wire funds
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Most Popular Offer
What's CD Savings Account?
Almost identical to a regular Savings Account, CD Savings Account offers higher yields with zero risk to your funds for fixed period of time. The longer term you invest - the higher returns you will receive.
Easy & Safe With Our Experts
Opening a CD savings account from our expert-selected offers is easy and secure, with a simple process and competitive rates. Your investment is protected by federal insurance, ensuring your money grows safely.
This Won't last
Lock in today’s higher interest rates by opening a CD savings account before rates decline. Securing a CD now ensures you earn more on your savings, even as future rates drop as expected.
Benefit from savings accounts total flexibility and high APY rates
Easy to save. Easy to understand.
Sharing knowledge from our experts is what we believe make our customers trust us
- CDs offer a fixed interest rate for the entire term, ensuring you know exactly how much you will earn by the end. This fixed return allows for precise financial planning and helps you set clear financial goals. Unlike accounts with variable rates, CDs provide stability and avoid unexpected changes in returns. This predictability simplifies budgeting and financial forecasting, ensuring a reliable growth of your savings.
- CDs are insured by the FDIC up to the legal limit, protecting both your initial deposit and accrued interest. This insurance significantly reduces the risk of losing your money due to bank failures or insolvency. Compared to riskier investments like stocks or bonds, CDs offer a safer place for your capital. Their low-risk nature makes them an ideal choice for preserving wealth and avoiding market volatility.
- Typically, CDs offer higher interest rates than traditional savings accounts, especially for longer terms. The fixed nature of CDs often results in more attractive rates, helping your savings grow faster. This advantage is particularly valuable in a low-interest-rate environment where maximizing returns is crucial. Higher rates make CDs a more rewarding option for accumulating interest over time.
- Unlike market-dependent investments, CDs are not subject to the ups and downs of the financial markets. Their value remains consistent regardless of economic conditions or market volatility. This inherent stability offers peace of mind and a secure place to park your money. By avoiding market risk, CDs ensure that your principal and interest are protected from market uncertainties.
- CDs come with predetermined terms that range from a few months to several years, providing flexibility to match your financial objectives. This fixed duration helps you plan and manage your investments according to your needs. Longer terms generally offer better interest rates, enhancing your potential returns. By selecting a term that aligns with your financial goals, you can optimize your investment strategy.
- CDs are designed to be simple financial products with clear terms and fixed rates, making them easy to comprehend. There are no complex strategies or significant risks involved, which simplifies investment management. Their straightforward nature makes them accessible to investors at all experience levels. This simplicity helps you make informed investment decisions and manage your portfolio with confidence.
Looking for more? Try Savings Account
Explore Savings Accounts Curated by Our Financial Experts
1
9.9
5 out of 5 stars
Exceptional
Bread Financial: Savings Account
Annual percentage yield: 4.50%
Monthly fees: $0.00
Min to earn APY: $100
Reach your savings goals sooner
Bread Financial: Savings Account
Annual percentage yield: 4.50%
Monthly fees: $0.00
Min to earn APY: $100
Reach your savings goals sooner
9.9
5 out of 5 stars
Exceptional
2
9.7
5 out of 5 stars
Exceptional
Lending Club: Savings Account
Earn 4.20% APY on your balance
When you deposit $250+ per month
Otherwise, earn 3.20% APY
Otherwise, earn 3.20% APY
No minimum to open or minimum balance required
Min to earn APY: $0.00
No account fees & free transfers
Lending Club: Savings Account
Earn 4.20% APY on your balance
When you deposit $250+ per month
Otherwise, earn 3.20% APY
Otherwise, earn 3.20% APY
No minimum to open or minimum balance required
Min to earn APY: $0.00
No account fees & free transfers
9.7
5 out of 5 stars
Exceptional
3
9.5
4.5 out of 5 stars
Outstanding
UFB Direct: Savings Account
Annual percentage yield: 4.01%
Monthly fees: $0.00
Min to earn APY: $0.00
Exceptional Interest Rates, Innovative Financial Solutions
UFB Direct: Savings Account
Annual percentage yield: 4.01%
Monthly fees: $0.00
Min to earn APY: $0.00
Exceptional Interest Rates, Innovative Financial Solutions
9.5
4.5 out of 5 stars
Outstanding
5 out of 5 stars
5 out of 5 stars
With pickyourbank.com it was just so easy to compare & choose the highest interest rate offer and open a CD account in less than 10 min!
David Holmes
Buckhead, Atlanta GA
5 Thing to Pay Attention to Upon Opening a CD
Opening a CD is easy with our experts and listings. And we always love our customers to know more once comparing between different listing offers.
Unlock Your Financial Potential
- Interest Rates: Check the interest rates offered by different banks before making a decision. Compare rates offered by traditional brick-and-mortar banks and online banks to find the best option for you. Also, make sure to look at the APY (annual percentage yield) rather than the interest rate to ensure you are getting the best deal.
- Fees: Some banks charge fees for maintaining a savings account, making transactions, or exceeding withdrawal limits. Make sure to read the fee schedule carefully to avoid any unexpected charges.
- Minimum Balance Requirements: Some banks require a minimum balance to open a savings account or maintain a certain balance to avoid fees. Make sure to check these requirements before opening an account.
- FDIC Insurance: Make sure the bank you are considering is FDIC insured. This means that if the bank fails, your deposits up to $250,000 per depositor, per insured bank are insured by the FDIC.
- Accessibility: Check how easy it is to access your money when you need it. Some banks have limitations on the number of withdrawals you can make per month, and others may have a waiting period before you can access your funds.
- Account Features: Some savings accounts offer additional features such as automated savings plans, budgeting tools, or higher interest rates for larger balances. Make sure to check for these features to find an account that fits your financial needs.
- Customer Service: Look for a bank that offers good customer service. Check online reviews and ratings, and consider contacting the bank's customer service department with any questions or concerns before opening an account.
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Pickyourbank.com may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter is determined on the basis of product market fit and compensation received. The information contained in pickyourbank.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in pickyourbank.com. As disclosed in the Terms and Conditions all information on pickyourbank.com is subject to change. pickyourbank.com does not contain an exhaustive list of all lending or insurance partners in each category.
Pickyourbank.com may earn a commission when a user completes an action using our links, which will however not affect the review but might affect the rankings. The latter is determined on the basis of product market fit and compensation received. The information contained in pickyourbank.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in pickyourbank.com. As disclosed in the Terms and Conditions all information on pickyourbank.com is subject to change. pickyourbank.com does not contain an exhaustive list of all lending or insurance partners in each category.