Best CD rates today, September 25, 2025 (lock in up to 4.45% APY)

Core Insights - CD rates are currently higher than historical averages, with competitive rates of 4% APY and above being offered, particularly by online banks [2][5] - The highest CD rate as of September 25, 2025, is 4.45% APY from LendingClub for an 8-month CD [2] - The Federal Reserve has begun cutting its target rate, which has led to a decline in CD rates since last year [2][4] CD Rate Trends - CD rates have been on a downward trend since the Federal Reserve started cutting rates in late 2024, with three cuts totaling one percentage point [3] - The first rate cut of 2025 was announced in September, with potential for additional cuts in the future [4] Relationship with Federal Funds Rate - While the federal funds rate does not directly dictate deposit interest rates, there is a correlation; typically, when the Fed lowers rates, financial institutions adjust their rates accordingly [5] Opening a CD - The process for opening a CD account includes researching competitive rates, choosing an account that meets financial needs, preparing necessary documents, completing the application, and funding the account [6]