Best CD Rates Today: Newtek Bank Leads with 4.60% for 9 Months

Top CD rates have been updated, with the highest 3-year term rate dropping to 4.28% from 4.32%. Newtek Bank still leads with a 4.60% APY for a 9-month term that locks in until March 2026. Fourteen CDs offer 4.50%, with terms ranging from 3 to 21 months. The Fed is not expected to cut rates soon, but reductions could arrive later this year.

As of June 13, 2025, the top certificate of deposit (CD) rates have been updated, with the highest 3-year term rate dropping to 4.28% from 4.32%. Newtek Bank continues to lead with a 4.60% annual percentage yield (APY) for a 9-month term that locks in until March 2026 [1]. Fourteen CDs offer 4.50% APY, with terms ranging from 3 to 21 months. The Federal Reserve is not expected to cut rates soon, but reductions could arrive later in the year.

The latest data shows that the 3-year term CD from Lafayette Federal Credit Union now offers an APY of 4.28%, down from 4.32% [1]. Newtek Bank's 9-month CD with an APY of 4.60% remains the top choice, providing a significant return for a shorter-term investment. Other institutions offering competitive rates include Rising Bank, T Bank, and PenAir Credit Union, with terms ranging from 3 to 21 months.

The Federal Reserve's recent announcements suggest that interest rates may remain stable in the near term, but the possibility of rate cuts later this year cannot be ruled out. Investors looking to secure high-yield CDs should act promptly to lock in the best rates available today.

For a comprehensive list of top CD rates and more information on how to find the best offers, refer to the latest updates from Investopedia and GOBankingRates [1][2].

References:
[1] https://www.investopedia.com/top-cd-rates-today-june-13-2025-best-apy-in-3-year-term-dips-to-4-28-11754550
[2] https://www.gobankingrates.com/banking/cd-rates/top-cd-rates-today-june-13-2025/