Current Highest CD Rates as of June 17, 2025 - Secure 4.60% Annual Percentage Yield...but Time's Ticking
Brace yourselves, CD shoppers! The hottest Certificate of Deposit (CD) rates are still burning bright, with some institutitions offering spectacular returns on your savings. Here's a breakdown of the best rates available from a variety of institutions, including those just begging to be the cream of the crop.
Short-term CDs (3 to 9 months):
- 9-month Champion: Newtek Bank takes the gold medal here, knocking your socks off with a whopping 4.60% APY.
- 6-month Superstars: Newtek Bank also lands a runner-up position with a fantastic 4.50% APY, while First Internet Bank is hot on its heels with 4.49%.
- 3-month Rockstar: Western Alliance Bank takes the stage with a flashy 4.40% APY (thanks to Raisin)[1][3][5].
1-Year CDs:
- 1-year Heavyweights: CD rates around 4.40% to 4.55% APY are knocking it out of the park.
- Eagle on Top: EagleBank soars above the competition with a 1-year CD at a scintillating 4.55% APY.
- National Crown Contenders: Abound Credit Union and Pelican State Credit Union get their game faces on, offering tempting one-year CD rates of 4.50% and 4.49% respectively, available for new members nationwide[1][2][5].
Medium to Long-term CDs (18 months to 5 years):
- 18-month Wonders: Quorum Federal Credit Union serves up an array of rates ranging from 4.40% to 4.50% APY depending on balance[5].
- Eagle Crimson Continuation: EagleBank keeps the momentum going with a 2-year CD at a scorching 4.45% APY.
- Lafayette Launches a Streak: Lafayette Federal Credit Union shows great potential with strong offerings on 3-, 4-, and 5-year CDs, all rocketing at breathtaking 4.28% APY[5].
No-Penalty CDs:
- Climate First Bank Excels: Climate First Bank swoops in for the gold with their 6-month No-Penalty CD at a stunning 4.34% APY. Ideal for those seeking a flexible option without penalty charges[5].
CD Rate Insights
- CD rates have generally followed the Federal Reserve's fluctuations in its benchmark rate. Thanks to multiple rate cuts in 2024, CD rates tumbled, but have since regained their footing in 2025, thanks to the Fed's current rate stability[1][4].
- Banks and credit unions continue to bring their "A" game, with numerous credit unions still leading the pack in rates for 1-year and longer terms.
- It's expected that CD rates may gradually decrease as the Fed gradually reduces rates in response to easing inflation; however, just now, securing a fixed-rate CD guarantees considerable returns amidst some economic uncertainty[1][4].
CD Standouts (June 2025)
| Term | APY | Institution/Account ||---------------|------|--------------------------------------------------|| 3 Month | 4.40% | Western Alliance Bank 3 Month CD || 6 Month | 4.51% | Rising Bank 6 Month CD || 6 Month (No P) | 4.34% | Climate First Bank 6 Month No Penalty CD || 9 Month | 4.60% | Newtek Bank 9 Month CD || 1 Year | 4.55% | EagleBank 1 Year CD || 1 Year | 4.50% | Abound Credit Union 1 Year CD || 18 Month | 4.40-4.50% | Quorum Federal Credit Union || 2 Year | 4.45% | EagleBank 2 Year CD || 3-5 Year | 4.28% | Lafayette Federal Credit Union |
In summary, the hottest CD rates in the U.S. currently are a mix of banks (e.g., Newtek Bank, Rising Bank) and credit unions (e.g., EagleBank, Quorum Federal Credit Union, Lafayette Federal Credit Union), with top yields reaching as high as 4.60% APY for shorter terms and 5-year CD rates holding steady around 4.28% APY[1][2][3][5]. Get ready to score some incredible savings!
Investing in personal-finance can be a rewarding endeavor, especially when it comes to Certificate of Deposit (CD) investing. Newtek Bank, for instance, offers a 4.60% APY on its 9-month CD, taking the lead in the short-term CD market. Furthermore, in the realm of longer-term investments, Lafayette Federal Credit Union provides five-year CDs at an impressive 4.28% APY, showcasing their competitive edge in the finance sector.
