Top CD Rates of July 2025: 4.60% APY for 6 or 19 Months, 4.28% to 4.40% for 3 to 5 Years

The nation-leading CD rate remains 4.60%, available on a 6-month certificate from Northern Bank and a 19-month guarantee from Genisys Credit Union. Other offers include 15 CDs promising at least 4.50%, ranging from 6 to 21 months. PenAir Credit Union's 21-month certificate guarantees the rate until April 2027.

As of July 2, 2025, the nation-leading Certificate of Deposit (CD) rate remains stable at 4.60%. This rate is available on a 6-month certificate from Northern Bank and a 19-month guarantee from Genisys Credit Union [1]. Other competitive offers include 15 CDs promising at least 4.50%, ranging from 6 to 21 months. Notably, PenAir Credit Union's 21-month certificate guarantees the rate until April 2027 [1].

The Federal Reserve's recent rate cuts have had an impact on CD rates, but they still offer historically high returns compared to the early 2022 period. For instance, the highest CD rates briefly reached 6% in October 2023, while today's leading rate is 4.60%. In contrast, the most you could earn from the best CDs in early 2022 ranged from 0.50% to 1.70% APY, depending on the term [1].

Investors are encouraged to consider longer-term CDs to secure their APY further into the future. Multiyear CDs, such as those offered by Lafayette Federal Credit Union (4.28% for 3, 4, or 5 years) and NASA Federal Credit Union (4.40% for a 49-month term), provide a good opportunity to lock in higher rates. These options are particularly attractive given the possibility of additional Fed rate cuts later in 2025 and 2026 [1].

Jumbo CDs, which require larger deposits, sometimes offer premium rates but not always. Today, jumbo CD rates only out-pay the top standard rate in two of the eight CD terms tracked. Investors should check both standard and jumbo CD offerings to ensure they are getting the best rate available [1].

Institutions are offering higher jumbo rates in specific terms, such as 3 years and 5 years. For example, Hughes Federal Credit Union offers 4.34% for a 3-year jumbo CD compared to the highest standard rate of 4.28%, and both GTE Financial and Lafayette Federal Credit Union offer 4.33% for jumbo 5-year CDs compared to the standard rate of 4.28% [1].

The Federal Reserve has held rates steady at all four of its 2025 meetings to date, following a third rate cut in December. However, the possibility of more rate cuts later in 2025 or in 2026 could influence CD rates. Investors who secure their rates now may benefit from these current high rates until maturity [1].

References:
[1] https://www.investopedia.com/top-cd-rates-today-july-8-2025-3-month-cds-now-pay-much-less-than-these-slightly-longer-offers-11768533
[2] https://www.investopedia.com/top-cd-rates-today-july-7-2025-savers-have-2-choices-to-lock-in-4-60-for-6-or-19-months-11767704