That said, banks and credit unions offering the best available yields for 3-year maturity terms are promising more than three times the average CD yield — with one account delivering up to 4.85% APY to qualifying customers. (You can see some of the highest-paying CDs from our partner Bankrate here.)

Fixed deposit interest rates in July 2025 remain attractive, with small finance banks offering up to 8.50%, while major banks like SBI and HDFC prioritise safety and steady returns.

Top CD rates today. The best CD yield from a national bank is Northern Bank Direct, with a 4.45% APY on a nine-month CD with a $500 minimum deposit requirement. The best local ban