Top CD Rates Fall Below Peak Yet Remain Competitive

NEW YORK, NY — The search for competitive Certificate of Deposit (CD) rates continues as recent data reveals a shift in the financial landscape. While today’s national leader offers a 4.60% APY on a nine-month term, rates are still below peaks seen last year.

According to financial experts, several institutions recently joined the top APY slots, with a six-month CD offering 4.51% and a 12-month CD at 4.45%. PenAir‘s CD leads the two-year term category, promising the best return.

Investors looking for longer-term CDs can opt for a slightly lower rate of 4.28% from Lafayette, which guarantees this APY across terms ranging from seven months to five years. This option allows savers to secure rates up until 2030.

The news comes amid expected Federal Reserve rate cuts, which could lower bank APYs in the near future. The central bank previously cut rates by a full percentage point, with more reductions anticipated, reflecting ongoing inflation concerns.

Experts advise that now may be a wise time to lock in competitive rates, as the CD offerings still represent greater returns compared to early 2022, when rates only reached 0.50% to 1.70% APY. As institutions continue to adapt to economic conditions, both standard and jumbo CDs are worth exploring to get the best possible yield.

Investment shortfalls or booming mortgage rates are also shaping consumer savings strategies. As of June 13, 2025, mortgage rates showed an upward trend, impacting overall borrowing costs. A 30-year fixed mortgage now averages 6.87%, reflecting a slight increase and making financial planning imperative for potential homebuyers.

Overall, potential investors should carefully evaluate their options and timelines to maximize returns as market conditions evolve. The best CD rates available are updated each business day, assisting consumers in making informed decisions about their savings.