Top CDs today, April 14, 2020 – 5 Chances to Grab at Least 4.60% For Up To 13 Months

Key Takeaways

• Two institutions are still offering the 4.65% rate, which is the highest in the country. INOVA Federal Credit Union, OMB and OMB will all guarantee this APY for a period of 7 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.
• Five offers guarantee CD rates at 4.60% or more for 6 to 12 months.
• Want to extend your rate guarantee? The top CDs offer rates between 4% and 5% for terms ranging from 2 to 5 year.
• The Fed is now in a “wait-and see” mode with regards to rate cuts in 2025. In today’s uncertain economic climate, it may 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 from 4.50% to 4.65% You can Guarantee as long as 2026

The top CD rate in the nation, 4.65%, remained unchanged today. INOVA Federal Credit Union (INOVA) and OMB (OMB) both offer the APY of 4.65% for 7 months. This will lock in your return until the fall.

Two top CDs will pay you 4.60% to extend your rate-lock until 2026. Abound Credit Union offers this rate for a duration of 10 months, while Vibrant Credit Union matches it for a period of 13 months.

There are 21 CDs that pay at least 4.50%. The longest term of these is 18 months. This CD, available at XCEL Federal Credit Union, will lock your rate in until October of next.

All Institutions Insured by the Federal Government Are Equally Safe

You are protected by the U.S. Government in the unlikely event that an 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 CDs with a longer term to lock in your rate for the future

Veridian Credit Union offers a rate-lock that will last until 2027. They offer 4.40% APY over 24 months. Genisys Credit Union offers 4.32% over a 3-year period.

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.

A multi-year CD is a smart investment right now, especially with 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 are still offering a great return, despite the recent pullback. In October 2023, the best CD rates were over 6%. Today, the leading rate has dropped to 4.65%. Compare that with early 2022, when the Federal Reserve started its campaign of rate hikes. The highest interest rate you could earn on the best CDs was 0.70% APY.

Jumbo CDs surpass regular CDs in just one term

Jumbo CDs require much larger deposits and sometimes pay premium rates—but not always. In fact, in all but two term tracks the best jumbo CD rate is lower than the standard CD rate. Hughes Federal Credit Union offers 4.34% jumbo CDs for 3-year terms compared to 4.32% standard rates. The top 18-month CDs pay the same 4.50% APY for both the standard and jumbo CDs.

It is therefore wise to check both types when shopping for CDs. If the standard CD is your best option, open it with 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 January and March, however, the central banks declined to further reduce the benchmark rate.

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

These rankings are updated every business day so that you can get the best possible deposit rates.

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

It is important to note that

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 different from the national average that includes all banks that offer a CD in that term. Many large banks pay pittances of interest. The national averages will always be low, but the rates you can find by shopping around could be five, 10 or even 15 times more.

How we find the best CD rates

Investopedia tracks rates for more than 200 banks nationwide that offer CDs, and calculates daily rankings to determine the best-paying certificates by 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 are required to be available in 40 states. While some credit unions ask you to donate money to a charity or organization to become a membership if you do meet other eligibility requirements (e.g. if you live in an area or hold a particular job), we exclude those credit unions who require a minimum donation of $40. To learn more about our methodology, please read the full article.

Article Sources Investopedia asks writers to use primary resources to support their writing. These include whitepapers, government data, original reports, and interviews with experts in the industry. 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."