Top CD Rates Reach New Heights: 4.60% for 9 Months and 4.50% for 21 Months Available

The current top CD rate in the country is 4.60% for a 9-month term, offered by Newtek Bank, which extends the rate lock until March 2026. Other top rates include 4.51% for a 6-month term from Rising Bank, and 4.50% for terms ranging from 3 months to 21 months from various institutions. Longer rate guarantees are available for a slightly lower APY, such as Lafayette Federal Credit Union's 4.28% APY for 3 to 5 years.

As of June 17, 2025, the top Certificate of Deposit (CD) rate in the United States is 4.60% for a 9-month term, offered by Newtek Bank. This rate extends the rate lock until March 2026, providing investors with a significant return on their deposits. Other notable top rates include 4.51% for a 6-month term from Rising Bank, and 4.50% for terms ranging from 3 months to 21 months from various institutions [1].

For those seeking longer-term guarantees, Lafayette Federal Credit Union offers a 4.28% APY for 3 to 5 years, ensuring a stable return over an extended period [1]. These rates reflect the current state of the financial market and the Federal Reserve's recent pause in rate changes, which has stabilized CD yields [2].

Investors should be aware that the Federal Reserve's rate cuts in 2024 led to a decline in CD rates, but the central bank's decision to hold rates steady in 2025 has allowed CD yields to stabilize. Experts anticipate at least one more Fed rate cut in 2025, potentially affecting future CD rates [2].

The current environment presents an opportunity for investors to secure high-yield CDs. It is advisable to compare rates across different terms and institutions to find the best fit for one's financial goals. By locking in today's rates, investors can protect their returns from potential future rate cuts [1, 2].

References:
[1] https://www.investopedia.com/top-cd-rates-today-june-18-2025-want-to-lock-in-4-28-for-3-to-5-years-nows-the-time-11757506
[2] https://fortune.com/article/cd-rates-6-16-25/