High CD rates above national average due to Federal Reserve interest rate cuts

From Yahoo Finance: 2025-06-02 06:00:00

Today’s CD rates remain above the national average due to the Federal Reserve’s interest rate cuts in 2024. Lock in high rates now with a certificate of deposit (CD). Langley Federal Credit Union offers the highest rate at 4.25% APY for a 10-month CD with a $500 minimum deposit. Consider online banks and credit unions for competitive rates. Evaluate CD rates, choose the right term length, and check minimum deposit requirements for the best rates.

Read more: Best CD rates today, June 2, 2025 (Lock in up to 4.25% APY)