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Top CD Rates for September 2025: Highest APY Returns Up to 4.45%
ByAinvest
Friday, Sep 5, 2025 6:03 am ET1min read
Banks are currently offering competitive CD rates, with top rates reaching 4.45% APY, such as LendingClub's 8-month CD. Online banks and credit unions are offering the best CD rates due to lower overhead costs. CDs are a safe and stable savings vehicle, but you must keep your money on deposit for the full term.
In the current financial landscape, banks are offering highly competitive CD (Certificate of Deposit) rates, with top rates reaching 4.45% APY. Online banks and credit unions, benefiting from lower overhead costs, are leading the way in providing these attractive yields [1].As of September 2, 2025, Morgan Stanley Private Bank offers a 4.45% APY on a 6-month CD with no minimum deposit requirement, making it accessible to a broad range of savers. Meanwhile, LimelightBank provides a 4.30% APY on a 6-month CD with a $1,000 minimum deposit. Marcus by Goldman Sachs stands out with a 4.40% APY on a 6-month CD, requiring only a $500 minimum deposit. These rates are among the highest available, highlighting the competitive nature of the CD market [1].
CDs are a popular choice for investors seeking a safe and stable savings vehicle. However, it is crucial to note that CDs require the money to be on deposit for the full term, and early withdrawal penalties can be significant. For instance, Morgan Stanley Private Bank charges 270 days' worth of simple interest on its three-year CD, while LimelightBank has a $1,000 minimum deposit requirement for all terms, limiting flexibility for those with smaller savings [1].
While online banks and credit unions are currently leading in terms of competitive rates, traditional banks also offer CDs with varying terms and rates. For example, Bask Bank offers a 4.25% APY on a 2-year CD with a $1,000 minimum deposit, providing a balance between competitive rates and traditional banking services [1].
In conclusion, the CD market is currently characterized by highly competitive rates, particularly from online banks and credit unions. Investors should carefully evaluate their options, considering factors such as minimum deposit requirements, early withdrawal penalties, and the length of the CD term, to make informed decisions that align with their financial goals.
References:
[1] https://www.bankrate.com/banking/cds/cd-rates/
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