In 2025, as the financial landscape continues to evolve, many consumers are looking for the best returns on their savings. While online banks and credit unions often offer competitive rates, some of the biggest U.S. banks are stepping up their game to attract and retain customers. Here’s a breakdown of the savings and CD rates offered by major U.S. banks as of 2025.

Savings Account Rates

1. JPMorgan Chase
   • High-Yield Savings: 3.75% APY
   • Requirements: $5,000 minimum balance
2. Bank of America
   • Advantage Savings: 3.50% APY
   • Requirements: Preferred Rewards membership
3. Wells Fargo
   • Way2Save Savings: 3.25% APY
   • Requirements: $500 minimum daily balance
4. Citibank
   • Accelerate Savings: 3.85% APY
   • Requirements: No minimum balance, but must have a linked checking account
5. S. Bank
   • Platinum Select Money Market Savings: 3.60% APY
   • Requirements: $25,000 minimum balance

Certificate of Deposit (CD) Rates

1. JPMorgan Chase
   • 1-Year CD: 4.25% APY
   • 5-Year CD: 4.75% APY
   • Minimum deposit: $1,000
2. Bank of America
   • 1-Year CD: 4.00% APY
   • 5-Year CD: 4.50% APY
   • Minimum deposit: $1,000
3. Wells Fargo
   • 1-Year CD: 4.15% APY
   • 5-Year CD: 4.65% APY
   • Minimum deposit: $2,500
4. Citibank
   • 1-Year CD: 4.30% APY
   • 5-Year CD: 4.80% APY
   • Minimum deposit: $500
5. S. Bank
   • 1-Year CD: 4.10% APY
   • 5-Year CD: 4.60% APY
   • Minimum deposit: $1,000

Key Takeaways

1. Citibankleads in both savings and CD rates among the biggest U.S. banks.
2. JPMorgan Chasefollows closely, offering competitive rates for both products.
3. Most banks require minimum balances or additional account relationships to access the best
4. Longer-term CDs generally offer higher rates, but consider your liquidity needs before committing.

Remember that rates can change frequently based on market conditions and bank policies. It’s always wise to shop around and consider online banks and credit unions as well, as they often offer even more competitive rates than traditional big banks.

Also, consider factors beyond just the interest rate, such as account features, customer service, and overall banking relationship when choosing where to keep your savings.