Today's CD Rates for June 23, 2025: Highest APYs Range From 4.00% to 4.75%
Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period.
Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.66%, according to DepositAccounts.com. There are also six-month CDs with competitive rates, depending on the institution, as well as promotional CDs with higher rates.
Top CD rates today
The best CD yield from a national bank is Northern Bank Direct, with a 4.50% APY on a nine-month CD with a $500 minimum deposit requirement. The best local bank CD rate is Linkbank with a 4.50% APY on a 10-month CD with a $500 minimum to earn the APY.
If you're looking for the highest yield, no matter where you live, review the top CD rates today.
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