Best CD rates today, June 20, 2025 (up to 4.4% APY return)
See which banks are currently paying the highest CD rates. If you're looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available.
Today's CD rates vary quite a bit. In general, however, CD rates are beginning to decline due to the Fed's decision to cut its benchmark rate three times in the later part of 2024. Even so, some banks are still offering competitive CD rates.
For those that are, top rates reach about 4% APY. This is especially true for shorter terms of one year or less.
Today, the highest CD rate 4.4% APY, offered by Western Alliance Bank on its 3-month CD. There is a $1 minimum opening deposit required.
Here is a look at some of the best CD rates available today from our verified partners:
Compare these rates to the national average as of June 2025 (the most recent data available from the FDIC):
Compared with today's top CD rates, national averages are much lower. This highlights the importance of shopping around for the best CD rates before opening an account.
Online banks and neobanks are financial institutions that operate solely via the web. That means they have lower overhead costs than traditional brick and mortar banks. As a result, they're able to pass those savings on to their customers in the form of higher interest rates on deposit accounts (including CDs) and lower fees. If you're looking for the best CD rates available today, an online bank is a great place to start.
However, online banks aren't the only financial institutions offering competitive CD rates. It's also worth checking with credit unions. As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also member-owners. Although many credit unions have strict membership requirements that are limited to those who belong to certain associations or work or live in certain areas, there are also several credit unions that just about anyone can join.
Whether or not you should put your money in a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle — they don't lose money (in most cases), are backed by federal insurance, and allow you to lock in today's best rates.
However, there are some drawbacks to consider. First, you must keep your money on deposit for the full term, otherwise you'll be subject to an early withdrawal penalty. If you want flexible access to your funds, a high-yield savings account or money market account might be a better choice.
Additionally, although today's CD rates are high by historical standards, they don't match the returns you could achieve by investing your money in the market. If you're saving for a long-term goal such as retirement, a CD won't provide the growth you need to reach your savings goal within a reasonable time frame.
Read more: Short- or long-term CD: Which is best for you?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Charter upgraded to Peer Perform from Underperform at Wolfe Research
Wolfe Research upgraded Charter (CHTR) to Peer Perform from Underperform without a price target President Trump's 'Big Beautiful Bill' seems likely to reinstate 100% bonus depreciation, the analyst tells investors in a research note. Wolfe estimates the five major connectivity providers could cumulatively gain $10.5B of cash tax relief in 2025 alone . Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CHTR: Disclaimer & DisclosureReport an Issue Charter price target raised to $425 from $400 at UBS Nucor, Charter, Senseonics, Shake Shack, Altimmune: Trending by Analysts Boeing upgraded, PayPal initiated: Wall Street's top analyst calls Charter downgraded to Market Perform from Outperform at Bernstein Charter Communications: Hold Rating Amidst Growth and Competitive Challenges Sign in to access your portfolio
Gizmodo
33 minutes ago
- Gizmodo
The GoPro Hero 13 Black Is the Best 5.3K60 Camera, and Now Hits an All-Time Low on Amazon
GoPro is the leading brand for action cameras and the Hero 13 Black is the latest to carry that flag (released in early 2025). This camera is the ultimate in what an action cam is capable of in a tiny rugged package for adventurers and content creators who want the newest features. From extreme sports to travel vlogs to family moments, this camera is built to keep pace with your most ambitious endeavors. You can currently find the GoPro Hero 13 Black on Amazon for $329, discounted from its initial retail price of $429. This all-time low price is a substantial discount and makes the Hero 13 Black a fantastic deal if you're looking to invest in top-tier action camera technology. See at Amazon Technically, the GoPro Hero 13 Black is a monster: It records ultra-high-definition video in 5.3K resolution at 60 frames per second so your videos are smooth, crisp, and detailed. In terms of capturing photos, it records 27-megapixel stills so each photo is packed with color and detail. The camera is waterproof all the way down to 33 feet without an external housing, making it ideal for snorkeling, surfing, or any water adventure. You will also love the Hero 13 Black's compatibility with HB-series lenses: This lets you expand your creative options by attaching different lenses for special effects, whether you're shooting wide landscapes or close-up action shots. The camera also features high-end stabilization technology which keeps your footage steady even when you're moving fast or over rough terrain. The Hero 13 Black is packed with creator-specific modes and settings: It includes various shooting modes, including time-lapse, slow motion, and live streaming, to take your adventures and film them in new and different ways. With the intuitive touchscreen interface, modes are easy to switch and setting changes are simple on the fly. For individuals who want to share their videos in a haste, the camera supports fast wireless transfers to your smartphone or tablet, and it's Wi-Fi and Bluetooth capable. The Hero 13 Black is designed for long recording sessions and it supports fast charging so that you can get back to filming as quickly as possible. The camera is also voice-controlled, allowing you to begin and stop recording hands-free which is convenient when you are moving. Its compact size and lightweight design make it easy to mount on helmets, bikes, or even your wrist, allowing you the liberty to shoot from any angle. For content creators who want nothing but the best, the GoPro Hero 13 Black is a natural choice. Make sure you don't miss this deal. See at Amazon
Yahoo
36 minutes ago
- Yahoo
Aflac discloses cyber intrusion linked to wider crime spree targeting insurance industry
This story was originally published on Cybersecurity Dive. To receive daily news and insights, subscribe to our free daily Cybersecurity Dive newsletter. Major insurance provider Aflac Inc. said Friday that it was the target of a cyberattack on June 12 that is linked to a major cybercrime spree focusing on the industry. The company said it was able to contain the attack within hours and confirmed its systems remain operational. 'We continue to serve our customers as we respond to this incident and can underwrite policies, review claims and otherwise service our customers as usual,' the company said in a Securities and Exchange Commission filing. The incident is part of a larger crime wave targeting the insurance industry that researchers have linked to a collective known as Scattered Spider. The group recently conducted a weeks-long attack campaign against retailers in the U.S. and the U.K. Erie Insurance Group last week disclosed that it was the target of a cyberattack that began on June 7. The company said Tuesday that it has regained control over its systems and sees no further evidence of malicious activity. Erie is working with third-party forensic experts to restore full access to customers, agents and employees. Researchers from Google Threat Intelligence Group on Monday warned that the same hackers targeting the retail sector had pivoted toward the insurance industry. Google has not attributed the attacks to any actor but said they show the hallmarks of Scattered Spider, the notorious threat group linked to the 2023 MGM Resorts and Clorox hacks. "Given this actor's history of focusing on a sector at a time, the insurance industry should be on high alert, especially for social engineering schemes which target their help desks and call centers,' John Hultquist, chief analyst at GTIG, told Cybersecurity Dive in a statement. The retail sector intrusions began in April, with U.K. retailer Marks and Spencer and the Harrods department store chain among the major victims. In the U.S., the hacking spree hit Victoria's Secret and United Natural Foods, the largest supplier for Whole Foods, the grocery chain owned by Amazon. Aflac has begun a process of reviewing files that may have been accessed. The review is still in its early stages and Alfac said it cannot immediately determine how many people were affected. The files contain claims information, health records, Social Security numbers and other personal data related to customers, employees, beneficiaries, agents and other individuals. The company plans to notify regulators and will send breach letters to affected individuals and provide credit monitoring and identity-theft services. (Adds comment from Google) Sign in to access your portfolio
