Top CD rates today: June 19, 2025 | Banks offer up to 4.51% APY after Fed rate meeting

The Federal Reserve chose to hold rates steady on Wednesday, leaving its benchmark rate at a range of 4.25-4.5 percent. This marks the fourth straight meeting during which officials left rates unchanged after three rate cuts in late 2024.

In explaining the decision not to change rates yesterday, Fed Chair Jerome Powell said, "Despite elevated uncertainty, the economy is still in a solid position. The unemployment rate remains low, and the labor market is at or near maximum employment. Inflation has come down a great deal but has been running somewhat above our 2 percent longer-run objective."

An unchanged federal funds rate could mean more stability for competitive certificate of deposit (CD) yields. Today, the highest annual percentage yield (APY) across terms remains 4.51 percent, which is offered on a six-month term. Check out Bankrate’s table below for the highest APY on CD terms from three months to five years, as well as how much $10,000 would earn for each term.

Today's top CD rates by term

Note: Annual percentage yields (APYs) shown are as of June 19, 2025. APYs for some products may vary by region.

N/A: Not available; Bankrate doesn’t track national averages for the 9-month CD term due to limited available data. Estimated earnings are based on the highest APYs and assume interest is compounded annually.

A recent history of CD rates

In late 2024, the Federal Reserve cut its benchmark rate three times, and many banks responded by lowering the APYs they offer on CDs. The Fed has held the federal funds rate steady in 2025, to date, which could mean stability for some CD rates, although this can vary among banks.

We’ve seen top CD rates decline for months — along with the occasional increase — although competitive CDs are still earning historically high yields. In fact, these rates continue to outpace the rate of inflation. This means your money in a high-yielding CD isn’t losing purchasing power at this time. Opening a fixed-rate CD now ensures you’ll earn the same APY until the CD matures.

Recent trends in top CD rates

Competitive CD APYs trended downward throughout 2024 and have decreased somewhat in 2025. For example, the highest one-year CD APY at the start of January 2024 was 5.66 percent, whereas it was 4.45 percent on June 19, 2025. Among the popular terms Bankrate monitors for this page, all rates saw steeper declines in the second half of 2024, as compared to the first half.

"With uncertainty around the broader macroeconomic conditions and how the Fed will respond to those positions, how CD rates will move is uncertain, and could change as inflation, unemployment and economic growth change," says Adam Stockton, head of retail deposits and lending at Curinos.

Learn more: Are CDs worth it right now? Here's what experts say

CD glossary

Here are some terms you’ll likely come across when choosing a CD.

• Add-on CD: An add-on CD enables you to make additional deposits after your initial investment. This feature affords more flexibility than traditional CDs, which only allow one deposit at the beginning of the term.
• Annual percentage yield (APY): A percentage that indicates how much interest a CD earns in one year, which takes into account the effect of compounding.
• Brokered CD: A type of CD issued by a bank but sold through a brokerage firm or other financial institution.
• Bump-up CD: Also known as a “raise-your-rate CD,” a bump-up CD provides savers with the option to increase the CD’s APY without having to change its term. Generally, only one rate increase is allowed during its term.
• CD ladder: An investment strategy that involves purchasing multiple CDs with varying maturity dates to provide liquidity and take advantage of higher rates.
• Early withdrawal penalty: A fee charged if funds are withdrawn from a CD before the maturity date. Penalties often range anywhere from 90 days to 365 days’ worth of interest.
• Grace period: A specific time after the maturity date during which an account holder can make changes to the CD without penalties. A grace period typically ranges from five to 14 days.
• IRA CD: A CD that’s held within an individual retirement account.
• Jumbo CD: A CD that has a high minimum balance requirement, typically $100,000, sometimes as low as $95,000. This type of CD tends to offer a higher interest rate than regular CDs with the same term.
• Minimum opening deposit: The lowest amount of money required to open a CD account, which can vary by institution. Some institutions don’t have a minimum deposit requirement.
• No-penalty CD: A type of CD that allows you to withdraw your money without facing a penalty while providing a fixed APY.
• Promotional CD: Also known as a bonus or special CD, it’s a CD with an above average APY. These may be offered by banks and credit unions as a way to obtain new customers.
• Share certificate: At credit unions, CDs are often referred to as "share certificates".

• Research methodology

  Bankrate calculates and reports the national average APYs for various CD terms. Factored into national average rates are the competitive APYs commonly offered by online banks, along with the very low rates often found at large brick-and-mortar banks.

  In June 2023, Bankrate updated its methodology that determines the national average CD rates. For the process, more than 500 banks and credit unions are now surveyed each week 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.