10 Best CD Rates of June 2025: Up to 4.50% APY
The accounts below are arranged by demand for the term, rather than by the duration.
Learn More On Bankrate.com's Website
3.50% to 4.00%
Rates and details as of 3/12/25.
Learn More On Synchrony Bank's Website
Member FDIC
Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
0.25% to 4.15%
Rates and details as of 6/18/25.
You should consider several factors before opening a CD. Here's what you need to keep in mind. Term Length: One of the most important decisions you'll need to make before choosing a CD is what term length to opt for. You'll need to be comfortable with your cash being tied up for the entire term you choose, which can range anywhere from one month to 10 years. You may also want to consider interest rates when choosing a term length. If rates are expected to drop, consider locking in a high rate with a longer-term CD. But if rates are expected to rise, you may opt for a shorter-term CD so you don't miss out on the higher rate later.
One of the most important decisions you'll need to make before choosing a CD is what term length to opt for. You'll need to be comfortable with your cash being tied up for the entire term you choose, which can range anywhere from one month to 10 years. You may also want to consider interest rates when choosing a term length. If rates are expected to drop, consider locking in a high rate with a longer-term CD. But if rates are expected to rise, you may opt for a shorter-term CD so you don't miss out on the higher rate later. APY: APY is also important to consider when opening a CD. The higher the APY, the more you'll earn over time. Online banks and credit unions typically offer CDs with higher APYs than traditional brick-and-mortar institutions.
APY is also important to consider when opening a CD. The higher the APY, the more you'll earn over time. and credit unions typically offer CDs with higher APYs than traditional brick-and-mortar institutions. Minimum Deposit Requirement: This is the minimum amount you'll need to deposit to open a CD. Some CDs have no minimum deposit requirement, but others require initial deposits of several thousand dollars.
This is the minimum amount you'll need to deposit to open a CD. Some CDs have no minimum deposit requirement, but others require initial deposits of several thousand dollars. Compounding Schedule: Some CDs compound interest daily, while others compound monthly. The more frequently your CD's interest is compounded, the more you can earn.
Some CDs compound interest daily, while others compound monthly. The more frequently your CD's interest is compounded, the more you can earn. Early Withdrawal Penalty: If you withdraw funds from your CD before it matures, you'll be charged an early withdrawal penalty , which varies between institutions. These penalties can be hefty, offsetting much of the interest you may have earned.
If you withdraw funds from your CD before it matures, you'll be charged an , which varies between institutions. These penalties can be hefty, offsetting much of the interest you may have earned. Safety: Ensure your CD is federally insured by the FDIC or NCUA. The FDIC insures up to $250,000 per depositor, bank, and ownership category. The NCUA insures individual accounts at credit unions for up to $250,000. All CDs on our list are either FDIC- or NCUA-insured.
Opening multiple CDs at once can be an effective way to grow your savings. Known as CD laddering , this strategy involves opening multiple CD accounts with varying term lengths, so that when each CD matures, you'll have access to a part of your savings.
For example, say you invest $10,000 evenly across five CDs with terms ranging from one year to five years and increasing in one-year increments. When each of these initial deposits matures, you'll reinvest it into a longer-term CD.
So when your one-year CD matures, you'll reinvest that cash into a five-year CD. When your two-year CD matures, you'll open another five-year CD, and so on, continuing the ladder. After five years, one of these five-year CDs will mature each year, giving you access to a portion of your cash.
The highest CD rates today reach 5.02% APY, but the key is to find the best CD rate that matches a term that fits your financial needs. Also keep in mind that banks change yields all the time, depending on market conditions. As the Federal Reserve brings down borrowing rates, for instance, expect CD yields to fall.
While shopping for CDs, you'll find that online banks typically offer the highest rates. This is because online banks lack the overhead costs associated with maintaining physical branches, and offering high rates is an effective way for banks to compete for customers and deposits.
If APY isn't your top priority, and you'd rather sacrifice a higher rate to be able to bank with a well-established institution with a physical presence, consider the following:
How much your CD earns in one year depends on your account's APY, term length and compounding schedule. For example, a $10,000 CD with a 4.00% APY compounded monthly would earn $400 in interest after a year. A three-year CD with the same rate and deposit would earn around $1,250. If your CD had an APY of 4.50%, you'd make even more: $450 after one year and about $1,400 after three years.
Use our CD calculator to determine how much you'd earn with a CD, depending on term length, APY and initial deposit.
If you're looking for a savings account with a high interest rate and easy access to your funds, consider the following CD alternatives. High-Yield Savings Accounts
Both high-yield savings accounts and CDs earn higher-than-average APYs and are great options to grow your savings risk-free. However, they differ in several key ways. Unlike CDs, high-yield savings accounts have variable interest rates, meaning your account's APY will fluctuate based on the market. And while CDs charge an early withdrawal penalty, high-yield savings accounts allow you to deposit and withdraw funds whenever you want. Money Market Accounts
Money market accounts combine features of both savings and checking accounts. They offer competitive APYs and come with debit or ATM cards and check-writing capabilities to make it easier to spend or withdraw funds.
To create this list, Forbes Advisor analyzed 458 CD and share certificate accounts across 148 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions. For the star rating, we ranked each account on 11 data points within the categories of APY, minimums, compound interest schedule, customer experience, digital experience, available terms and overall availability. We also analyzed and ranked each account by individual term. The following is the weighting assigned to each category: APY: 55%
Minimum deposit: 10%
Compound interest: 5%
Available terms: 5%
Availability: 5%
App Store rating: 3.75%
Google Play rating: 3.75%
Online banking: 2.50%
BBB grade: 3.75%
Trustpilot rating: 3.75%
Live chat: 2.50% Banks We Monitor These financial institutions were included in our research for the best CD rates: ableBanking, Affinity Federal Credit Union, Alliant Credit Union, Ally Bank, Amerant, America First Credit Union, American Express, Apple Federal Credit Union, Armed Forces Bank, Axos Bank, Banesco, Bank of America, Bank OZK, Bank5 Connect, BankPurely, BankUnited, Barclays, Bask Bank, BECU, Bethpage Federal Credit Union, Blaze Credit Union, Blue Federal Credit Union, BMO, BMO Alto, Bread Financial, Cadence Bank, Capital One, CFG Bank, Charles Schwab Bank, Chase, Chevron Federal Credit Union, CIBC Bank, CIT Bank, Citibank, Citizens Access, Citizens Bank, Colorado Federal Savings Bank, Comerica, CommunityWide Federal Credit Union, Connexus Credit Union, Consumers Credit Union(IL), Consumers Credit Union (MI), Credit Human, Credit Union of Denver, Department of Commerce FCU, Digital Federal Credit Union (DCU), Discover, DollarSavingsDirect, Dow Credit Union, Edward Jones, EmigrantDirect, EverBank, Exchange Bank & Trust (ebt.bank), Fairwinds Credit Union, Fidelity, Financial Partners Credit Union, Financial Resources Federal Credit Union, First Citizens Bank, First Foundation Bank, First Horizon Bank, First Internet Bank, First National Bank of America, Georgia's Own Credit Union, Golden 1 Credit Union, Greenwood Credit Union, Hancock Whitney, Hanscom Federal Credit Union, Heritage Bank, Hughes Federal Credit Union, Huntington Bank, Ideal Credit Union, iGObanking, IncredibleBank, KeyBank, Kinecta Federal Credit Union, La Capitol Federal Credit Union, Lafayette Federal Credit Union, Langley, LendingClub, Limelight Bank, Live Oak Bank, M&T Bank, MAC Federal Credit Union, MainStreet Bank (Virginia), Marcus by Goldman Sachs, Merchants Bank of Indiana, Merrick Bank, Morgan Stanley, MSU Federal Credit Union, My Banking Direct, My eBanc, MySavingsDirect, NASA Federal Credit Union, Navy Federal Credit Union, NBKC Bank, Newtek Bank, Northern Bank Direct, Northpointe Bank, Nuvision Federal Credit Union, Pacific National Bank, Paramount Bank, PenAir Credit Union, PenFed Credit Union, Pima Federal Credit Union, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, PSECU, Quontic, Quorum Federal Credit Union, Regions Bank, Rising Bank, Royal Credit Union, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Seattle Bank, Security Service Federal Credit Union, Service Credit Union, Southwestern National Bank, Spectrum Credit Union, State Bank of Texas, State Department Federal Credit Union, State Farm, Superior Choice Credit Union, Synchrony Bank, TAB Bank, TD Bank, Texas Bank, Texas Capital Bank, Third Federal Savings & Loan, TotalBank, Transportation Federal Credit Union, Truist, U.S. Bank, Union Bank & Trust, USAA, USAlliance Financial, Valley Bank, Vanguard, Vio Bank, Webster Bank, Wells Fargo, Western Alliance, Wings Credit Union, Zions Bank
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