🚀 Nation-Leading CD Rate Hits 4.59%—Grab It Before It’s Gone (August 1, 2025)

Banks are finally waking up—one just dropped a 4.59% CD like it’s 1989. How long’s the catch? Not long enough.

### The Rate Play You Didn’t See Coming

While crypto eats 8% yields for breakfast, traditional finance coughs up a ‘generous’ 4.59%. Lock-in period? Shorter than a bull market’s attention span.

### Why Bother? Because Your Savings Account is a Joke

0.01% APY vs. 4.59%? Even your grandma’s mattress outperforms banks—but this CD might actually beat inflation (for once).

### The Fine Print: Banks Still Win

Early withdrawal penalties? Of course. Because nothing says ‘customer-first’ like trapping cash while DeFi offers instant liquidity at triple the yield.

Act fast—this rate’ll vanish faster than a Bitcoin ETF rumor. Or don’t. Your 0.01% savings account will ‘miss’ you.

Key Takeaways

• The best-in-the-nation CD rate is now 4.59% for a 9-month term from NASA Federal Credit Union. That's just a little lower than a recently ended offer for 4.60% that guaranteed a significantly longer term of 19 months.
• The shortest CD term saw a slight rate bump today; savers can now earn 4.41% on a 3-month CD from TotalBank.
• A total of 14 certificates currently offer at least 4.50% APY, including several 6-month guarantees and a 21-month CD from PenAir Credit Union that would lock in that rate until early 2027.
• For guarantees extending to 2028 or beyond, top APYs range from 4.28% to 4.40%.
• Potential rate cuts from the Fed this fall will likely push CD yields lower, making now a great time to lock in one of today's best CD rates while you still can.

Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.

Earn 4.50% or Higher for as Long as 21 Months

The top national CD rate is now 4.59%, available from NASA Federal Credit Union for a 9-month term. Thirteen additional offers provide at least 4.50% APY, including a 6-month guarantee from DR Bank that locks in 4.51%.

CD shoppers are still gaining new top offers, despite the recent end of two certificates promising 4.60% for 19 months and 4.50% for 13 months. Last week saw new CDs from Vibrant Credit Union, which offers 4.50% for either 6 months or 13 months, and HUSTL Digital Credit Union, which provides that APY for 12 months. That's in addition to DR Bank's 4.51% certificate for 6 months.

Want a longer rate lock? One standout is PenAir Credit Union, which offers 4.50% on both 14-month and 21-month terms, the latter guaranteeing your APY until spring 2027.

All Federally Insured Institutions Are Equally Protected

Deposits at any FDIC-insured bank or NCUA credit union are protected by the U.S. government in the rare event of an institution’s failure. Coverage is the same across all institutions, insuring deposits up to $250,000 per person, per institution.

Lock In Your APY Longer With an Extended-Term CD

Multiyear CDs offer slightly lower APYs, but they're still a great option for the extended rate promise they provide. You can stretch your savings for 3, 4, or even 5 years with a 4.28% CD from Lafayette Federal Credit Union. Or in the middle of that range, NASA Federal Credit Union offers 4.40% APY on a 49-month term. By choosing a term of 4 to 5 years, you can guarantee your rate until 2029 or even 2030.

After reducing the federal funds rate by a full percentage point last fall and pausing so far this year, the Fed is likely to resume cuts soon, possibly extending into 2026. That makes longer-term CDs a smart choice, as the rate you lock in now will remain fixed until maturity.

Today's Best CDs Still Offer Historically High Returns

CD rates may have eased from their peak, but top options still offer impressive returns. In October 2023, the highest rates briefly hit 6%, while today’s leading rate is 4.59%. In contrast, early 2022 saw the highest rates range from just 0.50% to 1.70%, before the Fed’s aggressive rate hikes.

Jumbo CDs Outperform Regular CDs in 3 Terms

Jumbo CDs typically require larger deposits and may offer premium rates—but not always. In fact, today's top jumbo CD rates only outpace the best standard rates in two of the eight terms we track. This makes it essential to compare both options when shopping for CDs. If the best rate is a standard CD, consider opening it with a jumbo-sized deposit for a higher return.

Higher jumbo rates are available in the following terms:

• 18 months: Hughes Federal Credit Union offers 4.50% for a jumbo 17-month CD, compared to 4.45% for the highest standard rate.
• 3 years: Hughes Federal Credit Union offers 4.34% for a jumbo 3-year CD, compared to 4.28% for the highest standard rate.
• 5 years: Both GTE Financial and Lafayette Federal Credit Union offer 4.33% for jumbo 5-year CDs, compared to 4.28% for the highest standard rate.

Where Will CD Rates Go in 2025?

In December, the Federal Reserve announced its third rate cut in as many meetings, reducing the federal funds rate by a full percentage point since September. However, the central bank has kept rates steady at all five of its 2025 meetings so far.

The Fed’s rate cuts last year marked a shift from its aggressive rate hikes in 2022 and 2023, aimed at combating decades-high inflation. At its peak in 2023, the federal funds rate reached its highest level since 2001 and stayed there for nearly 14 months.

Fed rate changes are crucial for savers, as cuts to the federal funds rate typically lower the interest rates that banks and credit unions offer on deposits. Both CD and savings account rates are directly impacted by these shifts.

While the future of the federal funds rate in 2025 and 2026 remains uncertain, especially with paused tariff activity under the TRUMP administration, further rate cuts could come later this year. With today's CD rates potentially representing the best rates for a while, now is an ideal time to lock in the best rate that fits your timeline.

Daily Rankings of the Best CDs and Savings Accounts

We update these rankings every business day to give you the best deposit rates available:

• 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

Important

Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often 5, 10, or even 15 times higher.

How We Find the Best CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD's minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000.

Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.