Current CD rates for June 2026
Bankrate tracks the best certificate of deposit (CD) rates and recent interest rate trends for you. Here are the current national average annual percentage yields (APYs) for CDs as of Monday, June 08, 2026, according to Bankrate’s most recent survey:
- 1-year CD yield: 1.98 percent APY
- 3-year CD yield: 1.67 percent APY
- 5-year CD yield: 1.71 percent APY
How CD rates have changed
The national average rate for one-year and five-year CDs has remained fairly steady in the last few months, after gradually dwindling following a series of Federal Reserve rate cuts in late 2025.
And the same can be said of top CD rates. Some have moved down a bit. Others have moved up a bit. For example, since May, Bread Savings raised the rate on its 3-year CD from 3.85% APY to 4.00% APY.
Overall, the top CD rates remain close to 4% for many terms but inflation has been creeping up lately. As of April, inflation is at 3.8% year-over-year per the Consumer Price Index (a common gauge for inflation), which means returns are getting less positive for many savers.
You may find higher rates on shorter-term CDs than longer-term ones (which is not historically the norm. It’s what’s called an inverted yield curve). Since February 2023, the one-year CD average has been higher than the five-year CD average.
The truth is, not much. When this happens, you won’t be alone. You’ll be in the same boat as anyone looking to safeguard some of their savings in a federally insured bank or credit union. Yes, the money in your CD will be losing purchasing power, but it will also still be earning you a safe and still relatively high fixed return.
Think of it this way: that money in a checking account would be lagging 3.8% behind inflation this month; in a CD, it may only be lagging by 0.3%.
You could go chase higher returns that beat inflation in the stock market, but you’d be taking on more risk. The stock market could drop 10% tomorrow while money in a CD would be protected and earning 3% or more.
How the Federal Reserve impacts CD rates
Competitive CD rates usually move in the same direction as Fed rates.
At the end of 2025, the Federal Reserve cut the federal funds rate three times in a row, taking it from 4.25%-4.50% to where they’re at now — 3.50-3.75%. This is the lowest it has been since Sept. 2022. The Fed has refrained from changing the benchmark rate so far this year and CD rates have remained fairly stable.
There are several meetings left in 2026 and according to the CME FedWatch, the federal funds rate may go up a bit later in the year, depending on some macroeconomic factors, including the inflation rate. If that happens, competitive CD rates may go up, too.
We live in uncertain and challenging times. And one way of managing through that is to prioritize savings. Think of a CD as a contract guaranteeing income for your future self. If you don’t exclusively need liquidity today, and your CD will be one part of a broader mix of accounts that includes high yield savings, grab the certainty of a guaranteed rate for tomorrow and days to come.— Mark Hamrick, Bankrate Senior Economic Analyst
- Compare Bankrate’s best CD rates.
- Know the early withdrawal penalty, but try to avoid it. If you might need access to that money before the term is up, you’re better off putting your money in a high-yield savings account instead.
- Use our CD calculator to see how much you could earn with different CD terms at different banks.
Latest average CD APYs: 3-month trend
Bankrate monitors the national average rates on various CD terms, including:
| Date | 1-year CD | 3-year CD | 5-year CD |
|---|---|---|---|
| 5/31/2026 | 1.97% | 1.66% | 1.71% |
| 5/24/2026 | 1.97% | 1.67% | 1.71% |
| 5/17/2026 | 1.96% | 1.66% | 1.71% |
| 5/10/2026 | 1.96% | 1.65% | 1.70% |
| 5/3/2026 | 1.93% | 1.65% | 1.70% |
| 4/26/2026 | 1.92% | 1.65% | 1.70% |
| 4/19/2026 | 1.90% | 1.65% | 1.70% |
| 4/12/2026 | 1.90% | 1.64% | 1.69% |
| 4/5/2026 | 1.89% | 1.63% | 1.68% |
| 3/29/2026 | 1.90% | 1.64% | 1.69% |
| 3/22/2026 | 1.89% | 1.64% | 1.69% |
| 3/15/2026 | 1.88% | 1.63% | 1.68% |
| 3/8/2026 | 1.89% | 1.63% | 1.69% |
| 3/1/2026 | 1.89% | 1.63% | 1.69% |
How Bankrate calculates the national average
Bankrate has made enhancements to our national averages database on April 14, 2025, including ones that retroactively impact previous weeks’ listings in our table. Previous enhancements were also made in January 2025. Up to 1,300 banks and credit unions are surveyed weekly to generate the national averages. Among these institutions are those that are broadly available and offer high yields, as well as some of the nation’s largest banks.
Rates are still at multi-year highs for many CD terms. If you have money you won’t need access to for a bit, it’s not a bad time to consider CDs. But always keep your emergency savings in a high-yield savings account.
Compare CD rates by term for June 2026
Current 6-month CD rates
- Popular Direct — 4.10% APY
- Limelight Bank — 4.08% APY
- E*TRADE by Morgan Stanley — 4.05% APY
- Bread Savings — 4.00% APY
- Marcus by Goldman Sachs — 3.95% APY
See additional best 6-month CD rates.
Current 1-year CD rates
- Popular Direct — 4.11% APY
- E*TRADE by Morgan Stanley — 4.10% APY
- Live Oak Bank — 4.10% APY
- Bask Bank — 4.05% APY
- Limelight Bank — 4.03% APY
See additional best 1-year CD rates.
Current 3-year CD rates
- TAB Bank — 4.15% APY
- BTG Pactual — 4.13% APY
- Bread Savings — 4.00% APY
- E*TRADE by Morgan Stanley — 4.00% APY
- Sallie Mae — 3.95% APY
See additional best 3-year CD rates.
Current 5-year CD rates
- TAB Bank — 4.20% APY
- BTG Pactual — 4.15% APY
- E*TRADE by Morgan Stanley — 4.10% APY
- Sallie Mae — 4.00% APY
- Bread Savings — 4.00% APY
See additional best 5-year CD rates.
Note: Annual percentage yields (APYs) shown are as of June 4, 2026. Bankrate’s editorial team updates this information weekly. APYs may have changed since they were last updated and may vary by region for some products.
Current CD rates FAQs
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