Unlock Exceptional Savings: Discover the Best CD Rates to Maximize Your Returns

Note: No rate updates were published on Memorial Day, so current rates are compared to those from Friday, May 23.

Highlights You Can't Miss

• The leading national CD rate now stands at 4.65% APY for a 6-month term at Technology Credit Union.
• There are 16 outstanding CDs offering at least 4.50% APY, ranging from short 3-month terms to 13-month commitments across various top-rated institutions.
• Longer-term savers can lock in 4.40% APY for 21 months at PenAir Credit Union, securing returns until early 2027, or opt for 3- to 5-year CDs with rates between 4.28% and 4.32%.
• While the Federal Reserve is currently pausing rate cuts, potential reductions later this year could make today’s high CD rates some of the best opportunities in the near future.

Below, explore featured CD rates from our trusted partners, followed by a comprehensive ranking of the nation’s top CDs.

Unbeatable Short-Term Gains: 4.65% APY for 6 Months or 4.50% Through Summer 2026

Technology Credit Union leads the pack with a fresh 6-month CD offering an impressive 4.65% APY. For those seeking more variety, 15 other CDs provide a minimum of 4.50% APY with terms from 3 months at PonceBankDirect to 13-month CDs from Elements Financial and Vibrant Credit Union.

For longer commitments, Quorum Federal Credit Union offers an 18-month CD at 4.40% APY, extending your guaranteed rate well into late 2026.

Federal Insurance Means Your Deposits Are Safe

Whether you choose an FDIC-insured bank or an NCUA-backed credit union, your deposits up to $250,000 per institution are fully protected by the U.S. government, offering peace of mind regardless of institution size.

Secure Your Future: Longer-Term CDs for Stability and Growth

PenAir Credit Union’s 21-month CD at 4.40% APY locks in your rate until February 2027, perfect for savers who want steady growth. Genisys Credit Union offers 30-month CDs at 4.32% APY, while Lafayette Federal Credit Union provides a consistent 4.28% APY across terms from 7 months up to 5 years, letting you plan well into 2030.

With potential Federal Reserve rate cuts on the horizon, locking in a multi-year CD now could shield you from future rate drops, ensuring your returns remain steady until maturity.

Jumbo CDs: When Larger Deposits Earn More

Jumbo CDs, requiring larger minimum deposits, sometimes offer higher rates. Currently, jumbo certificates outperform standard CDs in 4 key terms:

• 18 months: Hughes and Quorum Federal Credit Unions offer 4.50% APY on jumbo CDs vs. 4.40% standard.
• 3 years: Hughes Federal Credit Union’s jumbo rate is 4.34% APY vs. 4.32% standard.
• 4 years: Lafayette Federal Credit Union offers 4.33% APY jumbo vs. 4.28% standard.
• 5 years: GTE Financial and Lafayette Federal Credit Union provide 4.33% APY jumbo vs. 4.28% standard.

For a 1-year term, jumbo and standard CDs currently share an identical top rate of 4.50% APY.

What’s Next for CD Rates in 2025?

Following a series of Federal Reserve rate cuts that reduced the federal funds rate by a full percentage point since last fall, the Fed has maintained steady rates during its 2025 meetings so far. These moves are crucial, as Fed adjustments directly impact the interest rates banks and credit unions offer on CDs and savings accounts.

While the Fed’s future actions remain uncertain amid economic shifts and geopolitical factors, the possibility of further rate reductions later this year suggests locking in today’s competitive CD rates could be a wise strategy to protect your earnings.

Daily Updated Rankings of Top CDs and Savings Options

We continuously monitor and update the highest-yielding CDs and savings accounts, including:

• Short-term CDs: 3-month, 6-month, 1-year
• Medium-term CDs: 18-month, 2-year, 3-year
• Long-term CDs: 4-year, 5-year
• High-yield savings and money market accounts

How We Identify the Best Rates

Our daily analysis covers over 200 federally insured banks and credit unions nationwide, focusing on institutions offering competitive rates with reasonable deposit requirements—typically between $5,000 and $25,000. We exclude credit unions with high membership donation thresholds to ensure accessibility. For full details on our methodology, visit our comprehensive guide.

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