Top CD Rates: National Leader at 4.60% for 9 Months, 4.50% for 21 Months

Today's best CD rate is 4.60% from Newtek Bank for a 9-month term, extending the rate lock into 2026. Several institutions offer 4.50% in various terms, including PonceBankDirect for 3 months, Abound Credit Union for 10 months, and PenAir Credit Union for 21 months. Longer rate guarantees are available for slightly lower APRs, such as Lafayette Federal Credit Union's offers promising 4.28% APY for 3 to 5 years. While the Fed is unlikely to cut rates soon, reductions could arrive later this year.

As of June 17, 2025, the top Certificate of Deposit (CD) rate stands at 4.60% offered by Newtek Bank for a 9-month term, extending the rate lock into 2026 [1]. This rate is one of the highest currently available and offers investors a substantial return on their deposits.

Several institutions are also providing competitive rates. PonceBankDirect offers 4.50% for a 3-month term, while Abound Credit Union provides the same rate for a 10-month term [1]. PenAir Credit Union takes the lead with a 21-month term at 4.50%, guaranteeing the rate until March 2027 [1].

Investors seeking longer rate locks at slightly lower annual percentage yields (APYs) can consider offers from institutions like Lafayette Federal Credit Union. The credit union promises 4.28% APY for terms ranging from 3 to 5 years, securing the rate as far as 2030 [1].

The Federal Reserve has held off on additional rate cuts in 2025, but market expectations suggest further reductions could occur later in the year [2]. This uncertainty underscores the importance of locking in high rates now. While CD rates are not at their peak, they remain historically high compared to early 2022, when the highest rates ranged from 0.50% to 1.70% APY [1].

Investors should also consider jumbo CDs, which require larger deposits but sometimes offer premium rates. For instance, Hughes Federal Credit Union offers 4.50% for a 17-month jumbo CD versus 4.30% for a standard 18-month CD [1].

In conclusion, the current CD landscape offers a range of high-yield options for investors. As the Federal Reserve's policies remain uncertain, locking in a high rate now may be a prudent decision.

References:
[1] Investopedia. (June 12, 2025). Top CD Rates Today, June 12, 2025 - Grab a Guaranteed 4.60% for 9 Months or 4.50% for up to 21 Months. Retrieved from https://www.investopedia.com/top-cd-rates-today-june-12-2025-grab-a-guaranteed-4-60-for-9-months-or-4-50-for-up-to-21-months-11753706
[2] Fortune. (June 17, 2025). CD Rates in June 2025: High-Yield Options Available. Retrieved from https://fortune.com/article/cd-rates-6-17-25/