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Best 9-month CD rates for June 2024

Best available rates across different account types for Tuesday, June 25, 2024

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Current savings trends
Bankrate Partner average
4.88% APY
National average
0.59% APY

Bankrate’s picks for the top 9-month CD rates

Note: Annual percentage yields (APYs) shown were updated between June 18, 2024 and June 24, 2024. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

Forbright Bank

Forbright Bank_logo
Rating: 4.3 stars out of 5
4.3

Overview

Forbright Bank offers five terms of CDs that range from nine months to five years. The one-year option earns an APY that’s tough to beat. The two-year, three-year and five-year terms earn rates that are well above average, but you can find higher yields at other banks. A minimum deposit of $1,000 is required to open a CD.
Invest Rate
5.30% APY
Loan
$1,000 minimum deposit

America First Credit Union

America First Credit Union_logo
Rating: 5 stars out of 5
5.0

Overview

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500.

It also offers a variety of checking and savings accounts.
Invest Rate
5.25% APY
Loan
$500 minimum deposit

CIBC Bank USA

CIBC Bank USA_logo
Rating: 4.5 stars out of 5
4.5

Overview

CIBC Bank USA, formerly The PrivateBank and Trust Co., was founded in 1991 and is based in Chicago. It was rebranded as CIBC Bank USA.

CIBC has 12 CD terms, ranging from 30 days to five years. The minimum deposit to open a CD is $1,000. Also offered are a savings account, a money market account and three checking accounts.
Invest Rate
5.11% APY
Loan
$1,000 minimum deposit

Synchrony Bank

Synchrony Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

Synchrony Bank is known for its credit cards and deposit accounts. Its CDs generally earn a competitive yield. Synchrony Bank offers many terms of CDs with terms ranging from three months to five years. Synchrony Bank also offers an 11-month no-penalty CD and a two-year bump-up CD.


Synchrony Bank also offers a savings account and a money market account.
Invest Rate
5.10% APY
Loan
$0 minimum deposit

EverBank (formerly TIAA Bank)

EverBank (formerly TIAA Bank)_logo
Rating: 4.6 stars out of 5
4.6

Overview

EverBank offers CD terms ranging from three months to five years. It also offers a bump-rate CD, which allows a one-time rate bump should rates go higher. EverBank offers a service for customers with deposits that exceed the FDIC insurance limit of $250,000. Funds are spread around to different federally insured banks to expand insurance coverage.
Invest Rate
5.05% APY
Loan
$1,000 minimum deposit

Marcus by Goldman Sachs

Marcus by Goldman Sachs_logo
Rating: 4.9 stars out of 5
4.9

Overview

Marcus is the online personal banking unit of Goldman Sachs. Marcus offers nine terms of CDs, three no-penalty CD terms and a savings account.

Marcus CDs require a $500 minimum to open, but its savings accounts have no minimum deposit requirement.
Invest Rate
5.00% APY
Loan
$500 minimum deposit

Sallie Mae Bank

Sallie Mae Bank_logo
Rating: 4.4 stars out of 5
4.4

Overview

Sallie Mae Bank offers 11 terms of CDs, a savings account, money market account, credit cards and private student loans. It offers a competitive yield on its deposit products.

Established in 2005, Sallie Mae Bank is headquartered in Salt Lake City. In 2014, Sallie Mae became a stand-alone consumer banking business.
Invest Rate
4.85% APY
Loan
$2,500 minimum deposit

USAA Bank

USAA Bank_logo
Rating: 4.7 stars out of 5
4.7

Overview

USAA is an online bank for military members, military veterans and their families. Without a link to the military, you might not qualify to join.

USAA offers CDs in terms ranging from one month to seven years. It also offers checking and savings accounts, credit cards and mortgages and other loans.
Invest Rate
4.75% APY
Loan
$1,000 minimum deposit

Randolph-Brooks Federal Credit Union

Randolph-Brooks Federal Credit Union_logo
Rating: 4.3 stars out of 5
4.3

Overview

Randolph-Brooks Federal Credit Union is headquartered in Live Oak, Texas, and operates 61 branches serving four major markets in the state: Austin, Corpus Christi, Dallas-Fort Worth and San Antonio. It has about 975,000 members.

Randolph-Brooks Federal Credit Union has CDs with terms ranging from six months to seven years. It also offers a Really Free Checking account that requires no minimum balance and charges no monthly fee.
Invest Rate
4.26% APY
Loan
$20,000 minimum deposit

Capital One

Capital One_logo
Rating: 4.9 stars out of 5
4.9

Overview

Capital One is an online bank that also has a brick-and-mortar presence, with around 300 branches and about 50 Capital One cafes.

It offers nine competitive terms of regular CDs. Capital One CDs and its 360 Performance Savings account don’t have minimum balance requirements. Capital One is based in McLean, Virginia.
Invest Rate
4.25% APY
Loan
$0 minimum deposit

What is a 9-month CD?

A nine-month CD is a certificate of deposit that matures in nine months. In return for locking up your money with a bank or other financial institution for the term, it may pay you a slightly higher interest rate than you’d earn with a traditional savings account or money market account.

A nine-month CD offers a few key benefits. With your rate locked in, you don’t have to worry about the bank cutting your rate until after the CD matures. Accounts opened at most banks or credit unions are insured, typically up to $250,000, eliminating risk while helping you save for short-term goals.

How to find the best 9-month CD rates

Comparison shopping is key when you’re looking for the best nine-month CD rates. There are multiple types of CDs, including bump-up CDs and liquid CDs. But the top nine-month CD rates are usually found with traditional CDs.

Check out the best nine-month CDs offered by banks and credit unions and weigh the pros and cons of going with a short-term certificate of deposit over an account that’s more liquid. Don’t forget to calculate how much interest you could earn by the end of your term.

9-month CD FAQs

Research methodology

At Bankrate, we strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is unbiased and not influenced by advertisers. Our editorial team receives no direct compensation from advertisers and our content is thoroughly fact-checked to ensure accuracy.

Bankrate regularly surveys around 70 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks.

To find the best CDs, our editorial team analyzes various factors, such as: annual percentage yield, the minimum needed to earn that APY (or to open the CD) and whether or not it is broadly available. All of the accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or by the National Credit Union Share Insurance Fund (NCUSIF).

When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.