Nationwide CD Rates: 4.60% for 9 Months and 4.50% for up to 21 Months

Newtek Bank offers a 4.60% APY for a 9-month term, while 16 CDs offer 4.50% APY with terms ranging from 3 months to 21 months. Genisys Credit Union offers 4.32% APY for a 3-year term, and Lafayette Credit Union offers 4.28% APY for 4-5 years. While the Fed may not cut rates soon, reductions could arrive later this year.

As of June 13, 2025, the highest annual percentage yield (APY) for a certificate of deposit (CD) is 4.60%, offered by Newtek Bank for a 9-month term. This rate is among the highest currently available, making it an attractive option for investors seeking steady, low-risk growth. Additionally, 16 CDs offer 4.50% APY with terms ranging from 3 months to 21 months, further emphasizing the competitive landscape in the CD market [1].

While the Federal Reserve (Fed) has not yet indicated a rate cut, experts anticipate potential reductions later this year. This anticipation has led many investors to consider locking in high-yield CDs before rates potentially decrease. Genisys Credit Union offers a 4.32% APY for a 3-year term, and Lafayette Credit Union provides 4.28% APY for 4-5 years, further highlighting the diverse range of options available [1].

Investors should note that CDs provide predictable growth with minimal risk, as deposits are protected by FDIC insurance up to $250,000 per person, per bank. However, the choice between CDs and high-yield savings accounts (HYSAs) depends on individual investment goals. While CDs offer higher yields, HYSAs provide more flexibility, allowing for easy access to funds without early withdrawal penalties [1].

For those considering CDs, it is essential to compare rates and terms from various banks, including both traditional and online institutions. Online banks often provide better rates due to lower operational costs. Additionally, investors should be prepared to provide personal information and fund their CDs through a checking or savings account. Tracking the maturity date is crucial to decide whether to withdraw funds or renew the CD when the term ends [1].

In conclusion, the current CD market offers competitive rates, making it an attractive option for investors seeking stable, low-risk growth. However, the potential for Fed rate cuts later this year underscores the importance of acting quickly to lock in high-yield CDs before rates decrease. Investors should carefully consider their investment goals and preferences when choosing between CDs and HYSAs.

References:
[1] https://www.fool.com/money/banks/articles/top-cd-rates-today-june-12-2025/