National CD Rates: Top 4.55% Rate Down to 4.55%, Fed Holds Interest Rate

T Bank's 12-month CD now leads with a 4.55% APY, down from 4.60%. Other options include Rising Bank's 6-month guarantee of 4.51% and PenAir Credit Union's 21-month certificate of 4.50%. Longer rate guarantees are available for 4.28% at Lafayette Federal Credit Union. Despite the Fed holding its key interest rate, potential reductions could arrive later this year.

Despite the Federal Reserve maintaining its key interest rate, certificate of deposit (CD) yields remain high, offering investors a competitive return on their investments. As of June 19, 2025, several financial institutions are offering attractive CD rates, allowing savers to secure their funds at favorable terms.

The top CD rates currently available include:

- T Bank's 12-month CD: Offering a 4.55% annual percentage yield (APY), down from the previous 4.60%, this CD provides a solid return for a one-year investment.
- Rising Bank's 6-month CD: Guaranteeing a 4.51% APY, this short-term CD is an attractive option for those seeking a higher yield over a shorter period.
- PenAir Credit Union's 21-month CD: With a 4.50% APY, this certificate offers a good balance between term length and yield.
- Lafayette Federal Credit Union's 42-month CD: Providing a 4.28% APY, this long-term CD is suitable for investors willing to commit their funds for a longer period.

These rates are notable given the recent history of CD yields. In 2024, the Federal Reserve lowered interest rates three times, which led to a decline in CD rates. However, the Fed's decision to hold its key interest rate steady in recent months has allowed CD rates to stabilize and even increase slightly [1].

Investors should be aware that while current CD rates are high by historical standards, they are expected to decrease later in 2025. The Federal Reserve has indicated that it may reduce interest rates further if economic conditions warrant. Therefore, those looking to invest in CDs should act quickly to secure the highest rates available [2].

References:

[1] https://fortune.com/article/cd-rates-6-19-25/
[2] https://finance.yahoo.com/personal-finance/banking/article/best-cd-rates-today-tuesday-june-24-2025-100056966.html