Best CD rates today, September 19, 2025 (up to 4.45% APY return)

Core Insights - CD rates are currently declining due to the Federal Reserve's decision to cut its benchmark rate three times in late 2024, yet some banks still offer competitive rates reaching up to 4.45% APY for shorter terms [2][3] Group 1: Current CD Rates - The highest CD rate available as of September 19, 2025, is 4.45% APY offered by LendingClub on its 8-month CD [2] - National averages for CD rates are significantly lower than the top rates available, emphasizing the need for consumers to shop around [3] Group 2: Online Banks and Credit Unions - Online banks and neobanks typically offer the best CD rates due to lower overhead costs, allowing them to provide higher interest rates and lower fees [4] - Credit unions also offer competitive CD rates as not-for-profit institutions that return profits to their members, although some have strict membership requirements [5] Group 3: Considerations for Opening a CD - CDs are considered a safe and stable savings vehicle, backed by federal insurance, making them a reliable option for locking in current rates [6] - However, early withdrawal penalties apply if funds are accessed before the term ends, and for those seeking flexible access, high-yield savings accounts may be more suitable [7] - While current CD rates are high by historical standards, they may not provide sufficient growth for long-term savings goals compared to market investments [8]