Top CD Rates today, April 10, 2020 – Lock in 4.55% – 4.65% for 5-to-13 Months

Key Takeaways

• Eight CDs are available with a 4.55% to 4.65% APY for terms from 5 to 13 month.
• Two institutions are offering the best rate in the country, 4.65%. INOVA Federal Credit Union guarantees the rate for five months, whereas OMB guarantees it for seven months.
• For a rate locked into 2026, both Abound Credit Union and Vibrant Credit Union pay 4.60%—for 10 months or 13 months, respectively.
• Want to extend your rate promise? The best CDs are in the low to mid 4% range, with terms ranging between 2 years and 5 years.
• The Fed is now in a “wait-and see” mode with regards to rate cuts in 2025. In today’s uncertain economic climate, it can be wise to lock in the best CDs available today.

Below you'll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.

Rates as low as 4.50% and as high as 4.65% can be guaranteed as far as 2026

The nation’s highest CD rate, at 4.65% today, has remained the same. You have two options for extending that APY. INOVA Federal Credit Union allows you to extend it for a 5-month period, while OMB allows you to extend it for a 7-month period. In both cases you can lock in the return until this autumn.

Two top CDs offer 4.60% if you want to extend your rate lock beyond 2026. Abound Credit Union is offering this rate for 10 months while Vibrant Credit Union is matching that APY over 13 months.

Four more certificates are available nationwide that pay at least 4.5%. The longest term is 13 months. You could also opt for XCEL Federal Credit Union’s certificate of 18 months, which guarantees a 4.50% profit until October of the following year.

All Institutions Insured by the Federal Government Are Equally Safe

Your deposits are insured by the federal government if the institution fails. Not only that, but the coverage is identical—deposits are insured up to $250,000 per person and per institution—no matter the size of the bank or credit union.

Consider Long-Term CDs to Guarantee Your Rates Further Into The Future

University Federal Credit Union offers a rate-lock that will last until 2027. They offer 4.30% APY over 24 months. Genisys Credit Union offers 4.32% over 30 months for a 3-year term.

The top 4-year and 5-year certificates are a good option for CD buyers who want a longer guarantee. Vibrant Credit Union is paying 4.40% APY for 48 months, while Transportation Federal Credit Union promises that same rate for 60 months—ensuring you’d earn well above 4% all the way until 2030.

Multi-year CDs may be a smart investment right now, considering the possibility of Fed rate reductions in 2025 or 2026. The central bank has already lowered the federal fund rate by one percentage point. This year, there could be further cuts. Bank APYs will fall if the Fed lowers interest rates, but you can enjoy a CD rate until it matures.

Today's Best CDs Still Pay Historically High Returns

It's true that CD rates are no longer at their peak. The best CDs offer a fantastic return despite this pullback. The best CD rates in October 2023 were above 6%. However, the current leading rate is only 4.65%. Compare this to the early 2022 period, before the Federal Reserve started its campaign of rapid rate increases. The highest interest rate you could earn on the best CDs was 0.70% APY.

Jumbo CDs surpass regular CDs by two terms

Jumbo CDs require much larger deposits and sometimes pay premium rates—but not always. In fact the best jumbo CDs rates are currently lower than standard CD rates for all but three terms that we track. Lafayette Federal Credit Union offers 4.33% for a 2-year term compared to the top standard rate of 4.30%, while Hughes Federal Credit Union offers 4.34% for 3-year jumbo rates compared to 4.32%. Both the top standard CD and the top jumbo CD offer the same 4.50% APY for 18-month CDs.

It is therefore wise to check both types when shopping for CDs. If your best option is to buy a standard CD, you can open it by paying a large deposit.

Where will CD rates be heading in 2025

In December, the Federal Reserve announced its third rate cut in as many meetings. It was a reduction of a full percentage since September. In both January and march, central bankers refused to lower the benchmark interest rate further.

The Fed’s three 2024 rate cuts represented a pivot from the central bank’s historic 2022–2023 rate-hike campaign, in which the committee aggressively raised interest rates to combat decades-high inflation. At its 2023 peak, the federal funds rate climbed to its highest level since 2001—and remained there for nearly 14 months.

Fed rate changes are important for savers because they reduce the rates that banks and credit unions will pay consumers to deposit their money. The fed funds rate is reflected in both CD rates and savings accounts.

Time will tell what exactly will happen to the federal funds rate in 2025 and 2026—and economic policies from the Trump administration have the potential to alter the Fed's course. But with more Fed rate cuts possibly arriving this year, today's CD rates could be the best you'll see for some time—making now a smart time to lock in the best rate that suits your personal timeline.

Rankings of the best CDs and savings accounts every day

We update this ranking every day of the week to provide you with the best rates for deposits.

• Best 3-Month Rates
• Best 6-Month CD rates
• Best 1-Year CD rates
• Best CD Rates 18-Months
• Best 2-Year Rates on CD
• Best 3-Year Rates on CDs
• Best 4-Year Rates
• Best 5-Year CD rates
• Best High-Yield Savings accounts
• Best Money Market Accounts

You can also read about the importance of this in

Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is a much higher rate than the national average which includes all banks with a CD of that term. This includes many large banks who pay pittances in interest. The national averages are usually quite low while the best rates are often five, ten, or even fifteen times higher.

How to Find the Best CD Rates

Investopedia monitors the rates of more than 200 banks, credit unions and other institutions that offer CDs in the United States and determines the daily rankings of the highest-paying certificates for each major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD’s minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000.

Banks must be located in at least forty states. Some credit unions may require you to donate to an association or charity to become a part of their organization if you do not meet other criteria (e.g. you don’t work in a particular area or you don’t live in that area), but we exclude credit unions with a donation requirement of $40 or more. Read our methodology to learn more about how we select the best rates.

Article Sources Investopedia requires that writers use primary sources in order to support their work. White papers, government data and original reporting are some of the sources. We also use original research from other reputable publications when appropriate. Our website contains more information about the standards that we use to produce accurate, unbiased content. Editorial Policy

1. Federal Reserve Board. "Open Market Operations."

2. Federal Reserve Board. "Federal Reserve Issues FOMC Statement, Jan. 29, 2025."

3. Federal Reserve Board. "Federal Reserve Issues FOMC Statement, March 19, 2025."