If you’re looking for the best business CD rates for 2025, the top five options right now are nbkc Bank, EverBank, Live Oak Bank, Axos Bank, and U.S. Bank. These institutions stand out for their combination of yield, reliability, and ease of access, whether you’re a small business owner managing seasonal cash or a growing company seeking predictable returns.
I’ve worked with many businesses over the years searching for good interest-earning options. Finding the right account isn’t just about finding the highest annual percentage yield (APY). The best choice depends on how long you’re able to lock up funds, how you manage cash flow, and whether you prefer digital convenience or face-to-face service. The right CD should fit your goals, not the other way around.
In this guide, I’ll walk you through what makes each of these banks worth considering in 2025. We’ll also consider how the CD terms compare, and what to watch out for before you open an account. Whether you’re depositing a few thousand dollars or managing a six-figure reserve, this breakdown will help you choose where your money can grow safely and efficiently.
Pro tip
- Even a small rate difference can make a big impact. A 0.25% APY increase on a $50,000 CD could earn your business an extra $125 over a year.
Here are my choices for accounts with the best business CD rates currently available:
- nbkc Bank
Member FDIC
: Best for businesses seeking the highest published yield on a mid-term certificate of deposit - EverBank
Member FDIC
: Best for companies that want flexibility across several term options with solid returns - Live Oak Bank
Member FDIC
: Best for businesses looking for a dependable, no-hassle CD with a strong 12-month yield and clear terms - Axos Bank
Member FDIC
: Best for business owners who prefer an existing digital banking relationship and want simplicity over maximum yield - U.S. Bank
Member FDIC
: Best for businesses that value branch access, in-person service
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1
Rippling Spend
Employees per Company Size
Micro (0-49), Small (50-249), Medium (250-999), Large (1,000-4,999), Enterprise (5,000+)
Any Company Size
Any Company Size
Features
24/7 Customer Support, Analytics / Reports, API, and more
2
Relay
Employees per Company Size
Micro (0-49), Small (50-249), Medium (250-999), Large (1,000-4,999), Enterprise (5,000+)
Any Company Size
Any Company Size
Features
Accounts Payable, ACH Payments, Business Checking, and more
3
Ramp
Employees per Company Size
Micro (0-49), Small (50-249), Medium (250-999), Large (1,000-4,999), Enterprise (5,000+)
Any Company Size
Any Company Size
Features
Accounting, Accounts Payable, Analytics & Reporting, and more
Best business CD rates at-a-glance
nbkc Bank: Best for businesses seeking the highest published yield on a mid-term certificate of deposit.
What I like
- One of the highest CD rates available
- Low $1,000 minimum opening deposit
- No monthly maintenance fees
Drawbacks
- Limited-term options
- Branches only located in Missouri and Kansas
- Rates are promotional and may change
Features
- Terms available from 7 months to 5 years
- FDIC insured up to $250,000
- Auto-renewal with a 10-day grace period
- Daily compounding interest credited at maturity
Why I chose nbkc Bank
I chose nbkc Bank because it consistently offers one of the highest available CD rates for small businesses. The bank’s 4.05% APY on business CDs is well above what most traditional banks are paying right now, and it only requires a $1,000 minimum deposit to get started.
As someone who’s opened countless business CDs over the years, I appreciate how nbkc keeps things straightforward with no confusing tiers, no hidden fees, and clear online disclosures. It’s a smart choice for business owners who want to lock in a strong rate and don’t need frequent access to their funds.
When to choose an alternative
nbkc Bank is a great choice if you want a strong rate and don’t mind locking in your money, but it’s not ideal for every business. If you need a wider variety of term options, in-person service, or the ability to manage all your accounts under one large national bank, you may be better off with a physical branch banking model like U.S. Bank.
Businesses that prefer to keep deposits flexible or expect to access funds before maturity might find more suitable options with banks that offer short-term CDs, money market accounts, or high-yield savings products instead.
EverBank: Best for companies that want flexibility across several term options with solid returns.
What I like
- No monthly maintenance fees
- 20-day maturity alert
- Automatic rollover at maturity
Drawbacks
- Early withdrawal and penalties apply
- Branches only located in Florida
- Fees may reduce earnings
Features
- Large range of term options
- Business CDARS CD available with FDIC coverage potentially up to $50 million
- Fixed rates when CD is locked in
- 10 day grace period for rollover
Why I chose EverBank
I chose EverBank because it offers the right mix of flexibility, security, and return for business owners. With term options ranging from three months to five years, you can easily align your CD with your company’s cash flow needs.
The 3.90% APY on shorter terms is also competitive in today’s market. I appreciate that EverBank gives businesses access to the CDARS network, allowing larger deposits to receive FDIC insurance coverage well above standard limits. From my experience as a banker, products like this that combine strong yields with dependable protection stand out as smart choices for small businesses.
When to choose an alternative
EverBank is a solid choice when you can commit your funds for a full term and want competitive rates, but it might not be ideal if you need more flexibility. If your business cash flow is unpredictable or you expect to access funds before maturity, consider a bank that offers shorter CD terms, no-penalty CDs, or a high-yield savings or money market account, as these options may serve you better.
For those needing better online options, Axos has a good selection of CDs that might fit your needs.
Live Oak Bank: Best for businesses looking for a dependable, no-hassle CD with a strong 12-month yield and clear terms.
What I like
- Business CDs can have up to four signers
- 10-day grace period for CD maturity
- CD balances are FDIC-insured up to $250,000
Drawbacks
- Minimum deposit of $2,500 required to open CD
- 90 days interest charged for early withdrawal on CDs less than 24 months
- Unable to open a CD in the name of a trust
Features
- After hours customer service available until 8 p.m. ET
- Penalty-free withdraws in the 10-day grace period
- CD terms from 3 months to 5 years
- Monthly interest disbursements available at no charge
- CD can be monitored through online banking
- Online account opening
Why I chose Live Oak Bank
I chose Live Oak Bank because it offers a strong balance of yield and reliability for business owners. Its 12-month CD currently earns 3.90% APY, which is competitive for an established online bank. The terms are straightforward, the early withdrawal penalties are clearly explained, and the $2,500 minimum deposit makes it realistic for most small businesses.
I’ve always appreciated banks that make their CD policies easy to understand, and Live Oak is one of the few that lay everything out in plain language. It’s a smart choice for business owners who want to earn a solid return without worrying about hidden fees or confusing terms.
When to choose an alternative
Live Oak Bank is a great fit if your business can commit funds for the full CD term, but it may not be the best option for everyone. If you prefer a lower opening deposit or want more flexible access to your funds, a short-term or no-penalty CD from another bank might be a better choice. Businesses that value in-person service may also prefer a traditional bank with physical branches, such as U.S. Bank. While Live Oak’s online model keeps costs and fees low, it does mean that everything is handled digitally, which can be less convenient for companies that prefer face-to-face banking.
Axos Bank: Best for business owners who prefer an existing digital banking relationship and want simplicity over maximum yield.
What I like
- Free electronic interest transfers
- Automatic renewal
- Daily balance interest calculation
Drawbacks
- Early withdrawal on CDs 48 months or greater carries a 24-month interest penalty
- CDARS CD requires $100,000 to open
- Entire balance must be maintained until maturity
Features
- Five-day rate lock available while initial deposit arrives
- CD terms up to five years
- 10-day grace period at maturity
- No fees for maintenance or setup
Why I chose Axos
I chose Axos because it offers a simple and accessible way for small business owners to start using CDs without tying up a large amount of capital. The $1,000 minimum deposit makes it easy to get started, and there are no monthly fees or complicated terms. Axos is a digital-first bank, so the entire process from application to account management happens online.
While the current rates are lower than those of many competitors, Axos remains a reliable choice for business owners who value convenience, stability, and straightforward banking.
When to choose an alternative
Axos may not be the best option if your goal is to secure the highest possible CD rate. Its yields are lower than most online and regional banks, and the lack of in-person service can be a drawback for business owners who prefer direct support.
If you are looking for more substantial returns, more flexible withdrawal options, or the ability to work with a banker in person, it might be worth exploring other banks, such as U.S Bank, that specialize in high-yield or relationship-based business CDs.
U.S. Bank: Best for businesses that value branch access, in-person service.
What I like
- In-person branch support
- Online interest calculation
- Interest withdrawal available
Drawbacks
- Rates are calculated by ZIP code and may vary
- Must contact a banker to close CD
- Promotional rates may require account bundle
Features
- Branch access in all mainland states
- Low opening amount of $500 for Standard CD
- CD terms vary from 14 days to 5 years
- Competitive interest rates
- Fixed rate Jumbo CD up to $9,999,999.99
Why I chose U.S. Bank
I chose U.S. Bank because it remains one of the most reliable and widely accessible options for small business owners. It offers a range of CD types, from short-term Standard CDs to more flexible Step-Up and Trade-Up options, which can be helpful if you want to adjust your rate later. The $500 minimum deposit keeps it within reach for most businesses, and having access to local branches makes it easier to get help or manage multiple accounts in one place. U.S. Bank is a good fit for businesses that value stability, service, and a personal relationship with a well-established financial institution.
When to choose an alternative
U.S. Bank may not be the best option if your primary goal is to maximize returns. Its CD rates vary by location and are often lower than what online banks are currently offering. If your business is comfortable managing accounts digitally or prefers higher-yield products, an online bank like Axos, nbkc, EverBank, or Live Oak may offer a better fit.
Business owners who need more flexibility or who plan to access their funds before maturity may also prefer a short-term or no-penalty CD instead.
How to choose a CD for your business
Choosing the right CD for your business starts with understanding your cash flow and goals. Think about how long you can set funds aside without needing to touch them. Short-term CDs work well if you want flexibility, while longer terms usually offer higher returns.
Compare APYs, minimum deposits, and early withdrawal penalties carefully, since even small differences can affect your overall yield. Look for banks that publish clear terms and compounding details so you know exactly what to expect. Finally, consider whether you prefer the convenience of an online bank or the personal service of a local branch. The best CD is one that fits your business’s timeline, comfort level, and need for liquidity.
Pros and cons of CDs
Alternatives to CDs
If a CD doesn’t fit your business goals, there are several other ways to earn interest while keeping your money more accessible.
- High-yield business savings accounts: These accounts offer flexibility and competitive rates, making them ideal for businesses that may need to access funds at any time.
- Business money market accounts: Money market accounts often come with tiered interest rates and limited check-writing privileges, giving you a balance between liquidity and earnings.
- Treasury bills or government bonds: These low-risk investments can provide steady returns and are backed by the US government. They work well for businesses looking to diversify short-term holdings.
- Business sweep accounts: A sweep account automatically moves excess funds from your checking account into an interest-bearing account each night, helping you maximize daily returns without extra effort.
- Short-term investment accounts: Some banks and brokers offer cash management or investment options that combine higher yields with quick access to funds, making them a good fit for businesses that value flexibility.
My methodology
To identify the best business CDs for 2025, I reviewed current rates, account terms, and requirements from more than a dozen national and online banks. Each bank was evaluated on four key factors:
- APY
- Minimum deposit
- Term options
- Fees or penalties
- Online accessibility
- Customer support
- FDIC Insurance coverage
Because business CD information is not always as publicly available as consumer CD data, I focused on banks that publish clear terms and verified rates through their official websites or publicly accessible disclosures. My goal was to highlight options that balance competitive yields with practical features that matter most to small business owners and provide long-term value.
Frequently asked questions (FAQs)
Yes. Business CDs are insured by the FDIC up to $250,000 per depositor, per insured bank, and per ownership category. This coverage helps protect your company’s deposits if the bank fails. If your business needs to insure more than that, some banks offer CDARS that spread your funds across multiple institutions for expanded protection.
You can, but it will usually come with a penalty. Most banks charge a portion of the interest earned. This is typically between 90 and 180 days of simple interest if you withdraw funds before the CD matures. If your business needs quick access to cash, consider a no-penalty CD or a high-yield business savings account instead.
The best term length depends on your company’s cash flow and goals. Shorter terms, such as three or six months, offer more flexibility if you anticipate using the funds soon, whereas longer terms, like 12 or 24 months, typically yield higher APYs. Many businesses use a CD laddering strategy, opening multiple CDs with staggered maturity dates to balance liquidity and return.
Bottom line
Business CDs are one of the safest ways to earn predictable returns on excess funds, especially when you can commit to leaving the money untouched for a set term. The best choice depends on your goals. If you want top rates and easy online access, banks like Axos, nbkc, Live Oak Bank, and EverBank lead the pack. If you prefer working with a traditional institution, U.S. Bank offers the security of in-person service and a long-standing reputation.
No matter which option you choose, the key is to compare APYs, terms, and penalties carefully. A well-chosen CD can help your business make the most of its idle cash while keeping funds secure and insured.