Summary: Best CD rates for June 6, 2025 up to 4.20% APY, higher than national average.

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

Looking for the highest CD rates? CD rates vary widely, but some banks are still offering competitive rates, with top rates reaching about 4% APY for shorter terms of one year or less. The highest CD rate today is 4.20% APY on a 9-month CD from Marcus by Goldman Sachs.

Compared to the national average, today’s top CD rates are much higher. It’s essential to shop around before opening an account to find the best rates available. Online banks and credit unions are great places to look for competitive CD rates due to their lower overhead costs and higher interest rates.

CDs are a safe and stable savings vehicle backed by federal insurance. However, you must keep your money on deposit for the full term to avoid early withdrawal penalties. For long-term goals like retirement, investing in the market may provide better growth than a CD. Consider your savings goals before deciding on a CD.

Read more: Best CD rates today, June 6, 2025 (up to 4.20% APY return)