Highest CD Rates for Today, June 19, 2025: Reaching a Maximum of 4.60% Annual Percentage Yield (APY)
In the current financial landscape, high-yield Certificates of Deposit (CDs) are attracting the attention of savvy savers. These financial instruments offer higher fixed returns compared to regular savings accounts or low-yield CDs, providing a means to plan for medium- to long-term savings goals.
Newtek Bank
Newtek Bank stands out among the competition with its diverse CD offerings. The bank provides two types of CDs: standard and business CDs. Competitive Annual Percentage Yields (APYs) up to 4.40% are on offer, with the highest rates on shorter terms: 4.40% APY for 6- and 9-month standard CDs, and slightly lower rates for business CDs (4.25% APY on these terms).
Terms range broadly, from 6 months to 5 years, with eight standard CD terms and similar business CD term options. A minimum deposit requirement of $2,500 is necessary to open a CD with Newtek Bank. Early withdrawal penalties apply, generally 90 days of interest for CDs under 1 year, and 180 days for longer terms.
Newtek Bank offers an automatic renewal feature with a 7-day grace period to withdraw funds penalty-free after maturity. This shorter grace period compared to the more common 10-day grace period makes it particularly suitable for creating CD ladders. However, Newtek Bank does not offer specialty CD types like jumbo, bump-up, or IRA CDs.
As an online-only bank, Newtek Bank does not have physical branches, but its CD services can be accessed at https://www.newtekbank.com/certificate-of-deposit/.
United Fidelity, Rising Bank, and Presidential Bank
While specific data about the CD offerings, rates, features, or benefits of United Fidelity, Rising Bank, and Presidential Bank were not available in the provided search results, it is worth noting that United Fidelity provides High Yield CDs, accessible at https://www.unitedfidelity.com/high-yield-certificates-of-deposit/. Information about Presidential Bank's CD services can be found at https://www.presidential.com/personal/banking/cds. Rising Bank offers CD rates at https://www.risingbank.com/rates/.
It is important to note that each bank may have different minimum deposit requirements for their CDs. Therefore, potential investors are advised to consult the banks' websites or additional data sources for detailed information regarding their offerings.
In conclusion, high-yield CDs, such as those offered by Newtek Bank, can provide a valuable tool for savers seeking higher returns and principal preservation with FDIC insurance protection. However, it is essential to thoroughly research and compare the offerings of various banks to find the best fit for individual financial goals.
- Investors looking for high-yield CD options beyond Newtek Bank could consider United Fidelity, as they also offer High Yield CDs.
- For those looking to diversify their personal-finance portfolio, Rising Bank and Presidential Bank are other institutions worth exploring based on their listed CD rate offerings.
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