Today’s Best CD Rates, June 16, 2025 (Lock-in to 4.4% APY)

Today’s CD rates are still well above the national average. The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on the deposit account fee. Deposit certificate (CD). Let’s take a look today Best CD Rates And where you can find the best offers.

As of today, the highest CD rate is 4.4% APY, and is offered by Western Alliance Bank on 3 months of CDs. There is a minimum deposit of $1 required.

Check out some of the best CD rates available today from our verified partners.

If you are considering CDs, these charges are some of the best available rates, especially compared to the national average rates. That’s also worth noting Online Bank and Credit Union They usually offer more competitive rates compared to traditional brick and mortar banks.

read more: What is a good CD rate?

Check out the average CD rate per period as of April 2025 (from the latest available data: fdic):

The highest national average interest rate for CDS is 1.77% for a one-year term. However, in general, today’s average CD rates represent some of the best we’ve seen in nearly 20 years. This is largely due to the Federal Reserve efforts to combat inflation by raising interest rates.

If you’re thinking Open the CDIt is important to choose one with a high APY and term length that matches your financial goals. Below are some tips for finding the best CD rate and account that suits your needs.

• Shopping: It is recommended to evaluate CD rates from various financial institutions and compare options before setting off on your account. Compare CD rates easily online.

• Consider online banking: Online banks tend to reduce fictitious costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates available.

• Check minimum deposit requirements: If your CD rate is high, you may have a high minimum deposit requirement, so make sure the amount you plan to deposit matches your requirements and get the best rate.

• Check your account terms: Exceed the CD rate and check the terms of the early withdrawal penalty and automatic renewal policy. Some CDs offer better terminology for flexibility Penalty CDyou can withdraw funds at no charge before maturity.