Summary: Gainbridge offers highest CD rate at 5.5% APY for 5-year CD with $1000 minimum deposit.

From Yahoo Finance: 2025-06-13 06:00:00

Looking for the highest CD rates? CD rates vary widely, but some banks offer competitive rates despite the Fed’s recent rate cuts. Top rates can reach 4% APY for terms of one year or less. Gainbridge currently offers the highest CD rate at 5.5% APY on their 5-year CD with a $1000 minimum deposit. Compare these rates to the national average before opening an account.

Online banks and credit unions are great places to find competitive CD rates due to their lower overhead costs. CDs are a safe savings option backed by federal insurance, but early withdrawal penalties apply. Consider your savings goals before choosing a CD, as they provide stable but limited growth compared to market investments for long-term goals.



Read more at Yahoo Finance: Best CD rates today, June 13, 2025 (up to 5.5% APY return)