Today's Top CDs on June 6, 2025: Exceptional Rate Dips Allow for Securing 4.60% Interest over 9 Months Period
New Playfield for CD Rates!
Here's the scoop on the latest CD rate scene! The number one spot has newly shifted to Newtek Bank, knocking down the CD rate from a hefty 4.65% to a still impressive 4.60%. You'll be able to lock that rate in for a whopping 9 months...or even stretch it all the way to March 2026!
But wait, there's more! 16 CDs are offering a 4.50% Annual Percentage Yield (APY) with terms as short as 3 months or as long as 21 months. That's right, the extended term comes from PenAir Credit Union.
Now if you're looking for something longer but slightly lower, you can secure 4.28% to 4.32% for 3 to 5 years.
While the Fed isn't predicted to make rate cuts anytime soon, reductions could appear later in this year. So these today's top CD rates might just be the cream of the crop for some time!
Check out the following featured rates from our fantastic partners, followed by a rundown of the best CDs available nationwide.
4.60% for 9 Months or 4.50% Until March 2027
Today's nation-leading CD rate now belongs to Newtek Bank! After a top 4.65% deal vanished this morning, Newtek takes the crown with its market-leading certificate paying 4.60% for a 9-month term. That means your rate lock will reach into 2026!
If other options pique your interest, a swarm of institutions is offering 4.50%: from PonceBankDirect for 3 months, to Abound Credit Union and Vibrant Credit Union for 1 year, and even an offering as long as 21 months from PenAir Credit Union, unveiled just this week!PenAir's CD would keep your rate constant until March 2027.
All Deposits are Peacefully Guarded
Relax knowing your deposits are securely protected at any FDIC bank or NCUA credit union. The U.S. government safeguards your assets in the rare event that the institution fails. Plus, the coverage is uniform - deposits are insured up to $250,000 per person and per institution, regardless of the bank or credit union's size.
ConsiderLocking In Longer-Term CDs For Future APY Assurance
Want a longer rate lock at a somewhat lower rate? You can stretch your savings until December 2027 with a 30-month offer from Genisys Credit Union that guarantees 4.32% APY.
Long-term savers might fancy the top 4-year or 5-year certificates. You can grab a 4.28% rate for 4 years from Lafayette Federal Credit Union. In fact, Lafayette promises the same 4.28% APY on all its certificates from 7 months through 5 years, allowing you to secure that rate as far as 2030.
Multiyear CDs seem like a smart choice right now, considering the possibility of Fed rate cuts later in 2025 and, perhaps, also in 2026. The central bank sliced the federal funds rate by a full percentage point last fall and could kick off rate cuts again in the coming months. While any interest-rate cuts from the Fed will plummet bank APYs, a CD rate you secure now will comfortably ride until it matures.
Act Fast! Friday's Jobs Report Could Affect Your Savings Strategy
CD rates may no longer be at their peak, but today's top-performing CDs still offer a fantastic return. October 2023 saw CD rates soar briefly to 6%, while today's leading rate is 4.65%. This is a far cry from early 2022, before the Federal Reserve embarked on its speedy rate-hike campaign. In fact, the best CDs back then only managed APYs ranging from just 0.50% to 1.70%, depending on the term.
Jumbo CDs Outperform Regular CDs in Four Terms
Jumbo CDs require substantial deposits and often pay premium rates...but not always. In fact, the best jumbo CD rates outpace regular CD rates for four of the eight CD terms we track. That means it's smart to check both types of offerings when CD shopping. If your preferred rate option is a standard CD, simply open it with a jumbo-sized deposit.
Institutions offer higher jumbo rates in the following terms:
- 18 months: Hughes Federal Credit Union pays 4.50% on a 17-month jumbo certificate vs. 4.30% for a standard 18-month CD.
- 3 years: Hughes Federal Credit Union offers 4.34% for a 3-year jumbo CD vs. 4.32% for the highest standard rate.
- 4 years: Lafayette Federal Credit Union offers 4.33% for a 4-year jumbo CD vs. 4.28% for the highest standard rate.
- 5 years: Both GTE Financial and Lafayette Federal Credit Union offer 4.33% for jumbo 5-year CDs vs. 4.28% for the highest standard rate.
In the 1-year term, meanwhile, the top standard and jumbo CDs pay the same rate of 4.50% APY.
So, what's the future of CD rates?
Stay tuned for updates on where CD rates might head in 2025!
Remember to check our daily rankings of the best CDs and savings accounts to stay on top of the latest deposit rates:
- Best 3-Month CD Rates
- Best 6-Month CD Rates
- Best 1-Year CD Rates
- Best 18-Month CD Rates
- Best 2-Year CD Rates
- Best 3-Year CD Rates
- Best 4-Year CD Rates
- Best 5-Year CD Rates
- Best High-Yield Savings Accounts
- Best Money Market Accounts
Note that the "top rates" quoted here are the highest nationally available rates Investopedia has tracked in its daily rate research on hundreds of banks and credit unions. This is significantly different than the national average, which includes all banks offering a CD with that term, including many large banks that pay piddling interest. Thus, the national averages are always quite low, while top rates you can land by shopping around are often 5, 10, or even 15 times higher.
How We Find the Best CD Rates
Every business day, Investopedia scrutinizes the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD's minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000. Banks must be available in at least 40 states, and we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.
- Securing a high-quality investment for your personal finance can be achieved through ico financing, as you can invest in popular platforms like Newtek Bank offering a competitive 4.60% APY for a 9-month term, giving you the potential to lock in your rate until 2026.
- For those seeking a longer term and a slightly lower rate, consider Genisys Credit Union's 30-month offer with a 4.32% APY, ensuring your savings are secured until December 2027. Keeping a watchful eye on CD rates and the potential future interest rate cuts could enable you to make an informed decision for your personal-finance future.
