Best CDs July 2025: Lock in Up to 6.00% APY with Rates Guaranteed Through 2029

Essential Insights

• Currently, the highest CD rates range from 5.50% to 6.00% APY for terms between 3 and 10 months. Nuvision Credit Union leads with a 6.00% APY, limited to $5,000 deposits and expiring July 31.
• Longer-term CDs with slightly lower rates offer valuable rate locks extending through 2026 and 2027, ideal as Federal Reserve rate cuts are anticipated soon.
• The best 12-month CD yields 5.35% APY at NexBank, while several CDs offer 5.00% or more for multi-year terms locking rates till 2026 or 2027.
• For maximum rate security, 4-year and 5-year CDs provide 4.70% to 5.00% APY guarantees valid until 2028 and 2029, respectively.

Below are featured partner rates and our comprehensive national rankings of the best CDs available.

Limited Time: 6.00% APY 10-Month CD Ends July 31

Nuvision Credit Union’s exceptional 6.00% APY on a 10-month CD is set to expire soon. Although an extension is possible, don’t rely on it. This top-tier rate surpasses all others since last November but caps deposits at $5,000. Larger deposits may benefit more from slightly lower rates elsewhere.

Short-term nationwide CD rates remain strong. TotalDirectBank offers 5.51% APY on 3- and 6-month CDs, requiring a $25,000 minimum deposit. Other banks provide 5.50% APY on 3- to 9-month CDs. NexBank’s 12-month CD leads with 5.35% APY, guaranteed until 2025.

Long-Term Rate Locks Offer Stability Amid Fed Cuts

Locking funds for extended periods secures rates through 2026 and beyond. DR Bank’s 18-month CD offers 5.25% APY, while USAlliance Financial’s 2-year CD pays 5.10% APY. These longer terms shield your earnings from anticipated Federal Reserve rate cuts starting this fall.

Three-year CDs currently yield 5.00% APY, with Vibrant Credit Union and DollarSavingsDirect providing rate guarantees for 30 and 36 months respectively. Four- and five-year CDs pay between 4.70% and 4.75% APY, offered by BMO Alto and Grow Financial, locking rates until 2028-2029.

BMO Alto: A Major Bank’s Online Division Leading Long-Term CDs

Typically, smaller institutions lead CD rates, but BMO Alto, the digital branch of the 12th-largest U.S. bank, offers the top 4- and 5-year CD rates nationally.

CD Rates Remain Near Two-Decade Highs

After peaking at 6.50% APY last October, CD rates have settled slightly but remain historically elevated. Earlier this year, over 30 CDs paid at least 5.50% APY; now, only seven do. Despite this, rates above 4% APY still represent exceptional investment value, making it wise to lock in your rate before cuts occur.

Choosing a CD with suitable term length and features is often preferable to chasing the absolute highest APY and risking missed opportunities.

Jumbo CDs: Premium Rates Mostly on 5-Year Terms

Jumbo CDs generally do not outperform standard CDs except for the 5-year term, where Grow Financial Federal Credit Union offers 4.86% APY, slightly above the 4.75% APY standard top rate.

What to Expect for CD Rates in Late 2024

To combat inflation, the Federal Reserve raised rates 11 times between March 2022 and July 2023, reaching a 22-year high. This fueled historically favorable CD rates last fall. Since July 2023, the Fed has paused rate hikes, signaling potential cuts starting in September as inflation cools.

June’s Consumer Price Index showed inflation easing to 3.0% annually, down from 3.3% in May, strengthening expectations for rate cuts.

Market consensus predicts a Fed rate cut of at least 0.25% in September 2024, with further reductions possible by November. Locking in today’s strong CD rates now protects your returns from future declines.

Daily Updated Rankings of Top CDs and Savings Accounts

We refresh our listings every business day to present the best deposit rates nationwide:

• Top 3-Month CD Rates
• Top 6-Month CD Rates
• Top 1-Year CD Rates
• Top 18-Month CD Rates
• Top 2-Year CD Rates
• Top 3-Year CD Rates
• Top 4-Year CD Rates
• Top 5-Year CD Rates
• Best High-Yield Savings Accounts
• Best Money Market Accounts

Important Note

Our "top rates" reflect the highest national rates discovered by ZAMONA through daily research of hundreds of banks and credit unions, distinct from the much lower national averages that include many low-yielding large banks. Shopping around can yield rates 5 to 15 times higher than average.

Our Methodology for Finding Best CD Rates

ZAMONA analyzes rate data daily from over 200 federally insured banks and credit unions nationwide. To qualify, institutions must have FDIC or NCUA insurance, offer CDs with minimum deposits no greater than $25,000, and maximum deposits no less than $5,000. Banks must operate in at least 40 states. Credit unions requiring donations over $40 for membership are excluded. For full details, see our methodology page.

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