Latest CD Rates for June 27, 2025: New Authority Boasts Top Yield of 4.60% for 6-Month Term
Juicy Details on the Hottest CD Rates in the US!
🏦 Unmatched CD Rates Across the Nation
Want to make your savings grow? Check out these sizzling CD deals!
💡 Key Facts:
- The top CD rate in the country, a 4.60% APY, is offered by none other than the daring Northern Bank Direct for a 6-month term.
- Need a longer-term commitment? T Bank has got you covered with a 12-month CD promise, locking in 4.55% APY until June 2026.
- 12 more offers are ready to deliver a 4.50% APY, including a 3-month guarantee from PonceBankDirect, multiple 6-month deals, and a 21-month certificate from PenAir Credit Union, all the way up to March 2027.
- Want an even longer guarantee and don't mind a slightly lower APY? Look to Lafayette Federal Credit Union's offers with a mind-blowing 4.28% APY for 3 to 5 years, with the longest term maturing in June 2030.
🔒 Breathe Easy: Your Money's Safe
Remember, all deposits at FDIC-insured banks and NCUA credit unions are federally protected, guaranteeing you peace of mind as your cash remains safe and sound, no matter the institution's size.
💰 Lock in a Rate for the Future
If you're aiming for an extended rate lock, consider these tempting longer-term offers from Lafayette Federal Credit Union. Even with a lower APY, you can stretch your savings from 3 to 5 years while securing that rate as far as 2030.
🌳 Time to Grow Your Money Tree
Now may be an excellent time to consider multiyear CDs, given the likelihood of Fed rate cuts later in 2025 and possibly in 2026. According to recent revelations, the central bank reduced the federal funds rate by a whole percentage point last fall and could restart rate cuts before we know it. Keep in mind that any cuts made by the Fed will drive down APYs for your savings accounts and CD rates, but a secured rate now will be yours to reap until it matures.
💸 High Returns, Low Regrets
Even though CD rates have dropped from their peak, the best CDs still dazzle with exceptional returns. October 2023 saw astonishing CD rates briefly skyrocket to 6%, while today's leading rate is a mere 4.60%. When you compare that to early 2022 before the Federal Reserve's breathtaking rate-hike campaign, you realize that even the best CDs then could only offer a dismal range of 0.50% to 1.70% APY for various terms.
💼 Jumbo CDs: Worth the Extra Effort?
Jumbo CDs come with bigger deposit requirements, but sometimes they boast premium rates. However, in most cases, jumbo rates only outstrip the top standard rate for 4 of the 8 terms we follow. To maximize your earnings, check both types of offers and consider opening your sought-after CD with a hefty deposit if necessary.
📅 What's Ahead for CD Rates in 2025?
As of December, the Federal Reserve announced a third rate cut to the federal funds rate in as many meetings, reducing it a full percentage point since September. But following the latest announcement, the central bank has chosen to hold rates steady at all four of its 2025 meetings to date. Only time will tell whether the Fed's course will change and bring about further rate cuts in 2025 and 2026, but with reductions appearing possible later this year, today's CD rates could be the best you'll see anytime soon, making right now the perfect moment to snag the best rate that suits your personal investment timeline!
🔍 Your Go-To Source for Top CD Rates
Stay tuned as we diligently update our rankings every business day to deliver the best deposit rates available for various terms and institutions:
- Best 3-Month CD Rates
- Best 6-Month CD Rates
- Best 1-Year CD Rates
- Best 18-Month CD Rates
- Best 2-Year CD Rates
- Best 3-Year CD Rates
- Best 4-Year CD Rates
- Best 5-Year CD Rates
- Best High-Yield Savings Accounts
- Best Money Market Accounts
💡 Knowledge is Power
Want to dive deeper into our methods and get the skinny on how we choose the best rates? Head over to our full methodology for more secrets. Trust us; you'll be glad you did!
- In the pursuit of personal-finance gains, consider locking in a rate for the future with Lafayette Federal Credit Union's extended offers, offering an APY of 4.28% for terms ranging from 3 to 5 years, providing security until June 2030.
- Fear not about the safety of your deposit, as all financial institutions offering CDs are FDIC-insured or NCUA-insured, ensuring that your money remains secure and insured, regardless of the institution's size.
- Given the likelihood of Fed rate cuts in 2025 and possibly 2026, multiyear CDs from leading institutions such as Northern Bank Direct, T Bank, and Lafayette Federal Credit Union could help you earn higher returns before the APYs for savings accounts and CD rates are driven down by these cuts.
