Highest 1-Year Certificate of Deposit Rates in April 2025: Peaking at 4.60%
Taking a Look at CD Rates for April 2025
As we step into spring, high-yield Certificate of Deposits (CDs) are still a tempting option with rates ranging between 4.10% and 4.60% Annual Percentage Yield (APY). Here, we've rounded up the top picks you should consider.
Top Picks in the Market
- One-Year Sensation: NexBank, Ideal Credit Union, Justice Federal Credit Union, and Marcus by Goldman Sachs lead the pack in the one-year category, offering rates of approximately 4.60%, 4.40%, 4.40%, and 4.40% APY, respectively. Early withdrawal penalties vary, with exceptions like Marcus charging 9 months interest if you decide to cash out early.
- Overall Stellar Rates: Institutes like Marcus by Goldman Sachs, LendingClub, and others are offering competitive yields between 4.40%-4.50% APY for terms between 12-14 months, making them worth considering. For instance, Marcus offers a 4.40% APY for a 14-month CD with just a $500 minimum deposit.
- Long-Term Stability: Longer-term CDs, such as those from University Federal Credit Union, Genisys Credit Union, Vibrant Credit Union, and Transportation Federal Credit Union, still offer attractive yields of around 4.30%-4.40% APY for 2 to 5 years. These may be suitable for those seeking rate certainty amid Federal Reserve rate cuts in 2025 and 2026.
- Average National Rates vs. Top Rates: Current 1-year CD rates reported by national banks like Bankrate hover around 1.85% APY, demonstrating that the top rates are found with select online banks and credit unions, not brick-and-mortar establishments.
- Flexible Options: Institutions offer no-penalty or bump-up CDs, providing some flexibility for early withdrawals or rate increases. However, these options often have slightly lower APYs compared to fixed-rate CDs.
Highlights of April 2025 CD Rates
| Institution | Term | APY | Early Withdrawal Penalty | Notes ||-----------------------------|---------------|---------------|------------------------------------|-----------------------------|| NexBank | 1 Year | 4.40% | 6 months interest | Competitive among top 1-year || Ideal Credit Union | 1 Year | 4.40% | 6 months interest | || Justice Federal Credit Union | 1 Year | 4.40% | 6 months interest | || Marcus by Goldman Sachs | 14 months | 4.40% | 9 months interest | Low minimum deposit $500 || LendingClub | 14 months | 4.10% | 6 months interest | Online Bank || University Federal CU | 24 months | 4.30% | Not specified | Longer term rate certainty || Genisys Credit Union | 30 months | 4.32% | Not specified | || Vibrant Credit Union | 48 months | 4.40% | Not specified | Multiyear option || Transportation Federal CU | 60 months | 4.40% | Not specified | Multiyear option |
Embrace the high-yield potential of CDs in April 2025, because, amid Federal Reserve rate cuts expectations, locking in these rates now could pay off handsomely later on. Happy banking!
- Goldman Sachs, through its subsidiary Marcus, offers strong CD rates, with a 4.40% APY for a 14-month CD and a personal-finance friendly minimum deposit of just $500.
- The Indiana-based Ideal Credit Union also presents a strong one-year CD option with a 4.40% APY, offering a personal-finance strategy to rival that of other top institutions.
- Indiana finance institutions, such as Justice Federal Credit Union, offer competitive one-year CD rates of 4.40% APY, demonstrating that personal-finance opportunities extend beyond large banks and finances institutions.
- Understanding the strong CD rates available in April 2025, such as those offered by NexBank, Ideal Credit Union, and Justice Federal Credit Union, can provide a sensible approach to investing personal finance in high-yield CDs.
