Unlock Exceptional CD Rates for Savvy Savers: Maximize Your Returns Today

Essential Highlights

• The highest CD rate nationwide is 4.65% APY, offered by Technology Credit Union for a 6-month term.
• Multiple institutions provide a strong 4.50% APY, with 14 options ranging from 3-month to 13-month CDs.
• Recent changes include the removal of two 1-year CD offers and the introduction of a 10-month CD from Abound Credit Union.
• Longer-term CDs, such as a 21-month 4.40% APY from PenAir Credit Union, offer extended rate locks, along with options between 4.28% and 4.32% APY for 3 to 5 years.
• With potential Federal Reserve rate cuts anticipated later this year, securing a competitive CD rate now could be your best strategy.

Below, explore featured CD rates from trusted partners and comprehensive rankings of the best CDs nationwide.

Highest Yields: 4.65% for 6 Months and Attractive 4.50% Options

Technology Credit Union currently leads the market with a 4.65% APY for a 6-month CD, guaranteeing returns through early December. For those seeking alternatives, 14 institutions offer a competitive 4.50% APY across terms from 3 months to 13 months—including a fresh 10-month CD from Abound Credit Union.

If you prefer locking in a rate for a longer period, Quorum Federal Credit Union's 18-month CD at 4.40% APY extends your guaranteed return past Thanksgiving next year.

Federal Insurance: Your Deposits Are Secure

All deposits held at FDIC-insured banks or NCUA-insured credit unions are federally protected up to $250,000 per depositor, per institution. This guarantees your funds are safe regardless of the institution's size or location.

Explore Longer-Term CDs for Stability and Growth

PenAir Credit Union offers a 21-month CD at 4.40% APY, securing your earnings until March 2027. For even longer commitments, Genisys Credit Union provides a 30-month CD at 4.32% APY. Savers with extended horizons might consider Lafayette Federal Credit Union's 4-year or 5-year CDs, both offering a steady 4.28% APY and locking in returns through 2030.

Long-term CDs are particularly attractive given the likelihood of Federal Reserve rate cuts in 2025 and 2026. While such cuts tend to lower bank interest rates, locking in a high CD rate today ensures your earnings remain steady until maturity.

Jumbo CDs: When Bigger Deposits Mean Higher Returns

Jumbo CDs, which require larger deposits, sometimes offer premium rates. Currently, jumbo CDs outperform standard CDs in four key terms:

• 18 months: 4.50% APY at Hughes Federal Credit Union and Quorum Federal Credit Union, vs. 4.40% standard.
• 3 years: 4.34% APY at Hughes Federal Credit Union, slightly above the 4.32% standard rate.
• 4 years: 4.33% APY at Lafayette Federal Credit Union vs. 4.28% standard.
• 5 years: 4.33% APY at GTE Financial and Lafayette Federal Credit Union, compared to 4.28% standard.

For 1-year CDs, jumbo and standard rates are currently equal at 4.50% APY.

Outlook: CD Rates in 2025 and Beyond

The Federal Reserve has held the federal funds rate steady so far in 2025, following a series of cuts last year that reversed prior hikes aimed at curbing inflation. These rate adjustments significantly influence bank and credit union interest rates, including CD yields.

While future rate cuts remain a possibility, current CD rates represent some of the most attractive yields available in recent years. Savers are encouraged to lock in these competitive rates now to maximize returns before any potential declines.

Stay Informed with Daily Updates on Top CDs and Savings Accounts

Our rankings are refreshed every business day, featuring the best rates for terms including 3-month, 6-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year CDs, as well as high-yield savings and money market accounts.

Why Choose Our CD Rankings?

We analyze data from over 200 federally insured banks and credit unions nationwide to present the highest APYs available. Our criteria ensure that all featured CDs have reasonable deposit minimums and broad accessibility, giving you confidence in your savings decisions.

How We Identify the Best CD Rates

Each business day, we track and rank CD rates offered by FDIC-insured banks and NCUA-insured credit unions. To qualify, institutions must serve at least 40 states and maintain deposit minimums under $25,000. We exclude credit unions requiring significant donation commitments, ensuring accessible membership options for most savers.

Explore our full methodology to learn more about how we deliver trusted rate recommendations to help you grow your savings effectively.

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