Top CDs Today – April 28, 2025: Two leading offers disappear, but a rate lock is still available on 4.60%

Takeaways

• Today, CD shoppers lost two options that would have guaranteed a minimum APY of 4.50%. There are still 13 offers that offer a rate of 4.50% or higher, which will guarantee your return up to 18-months.
• T Bank still offers the best CD rates in the country, which is 4.60%. This rate is available for 6 month. Abound Credit Union had previously offered the same rate for a longer period of 10 months. The offer was gone over the weekend.
• XCEL Federal Credit Union offers a certificate that pays 4.50% APY for 18 months.
• Want to extend the time you can guarantee your return? The top rates for certificates of 2 years to 5 years range between 4.28% and 4.32%.
• The Fed is in a “wait and see” mode when it comes to 2025 rate reductions. In today’s uncertain economic climate, it may be wise to lock in the top CD rates available today while you can.

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

Rates up to 4.50% Guaranteed Until 2026

Although the best CD rates have been slowly drifting lower, you can still snag a 4.60% return from T Bank with a 6-month rate lock—securing your return until about Halloween. Abound Credit Union has pulled its 4.60% offer for a 10-month guaranteed.

A dozen CDs will pay at least 4.50%. The longest term is 18 months. This CD is available at XCEL Federal Credit Union and will lock in a 4.50% interest rate until November next year.

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 Long-Term CDs to Guarantee Your Rate Further into the Future

Lafayette Federal Credit Union pays 4.28% for a rate-lock you can enjoy until 2027. Want a higher APY with a longer guarantee? Genisys Credit Union offers 4.32% over 30 months.

Savings enthusiasts who wish to keep their money in a safe place for a longer period of time may be interested in the top-rated 4-year or 5-year certificate. Lafayette Federal Credit Union offers a 4-year rate of 4.28%, even though the 4-year rate was reduced last week from 4.40%. Lafayette Federal Credit union offers the same rate of 4.28% on all certificates from 7 month to 5 year, allowing you to lock in that rate until 2030.

Multiyear CDs may be a smart investment right now, considering the possibility of Fed rate reductions in 2025 or 2026. The central banks has already reduced the federal funds rate a full percentage points, and there may be more cuts this year. Bank APYs will fall if the Fed lowers interest rates, but you can enjoy a CD’s 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 decline. The best CD rates in October 2023 were above 6%. However, the current leading rate is only 4.60%. Compare this to early 2022 before the Federal Reserve began its rapid-fire rate-hike campaign. The highest interest rate you could earn on the best CDs was 0.70% APY.

Jumbo CDs Outperform Regular CDs by 4 Terms

Jumbo CDs require much larger deposits and sometimes pay premium rates—but not always. In fact, four of the eight CD terms that we track have rates that are no higher than the top standard rate.

The top CDs for 18-month and 1-year terms pay the same 4.50% annual percentage yield (APY) as the top CDs of the standard category. In the meantime, institutions offer higher jumbo rates under the following terms:

• 2 years: Lafayette Federal Credit Union is offering 4.33% on a 2-year jumbo-CD compared to 4.28% at the highest standard interest rate.
• 3 years: Hughes Federal Credit Union offers the 3-year jumbo-CD at 4.34% compared to 4.32%, which is the highest standard rate.
• 4 years: Lafayette Federal Credit Union offers the highest standard rate of 4.28% on a 4-year Jumbo CD, while 4.33% is offered for a 4-year Jumbo CD.
• 5 years: GTE Financial and Lafayette Federal Credit Union both offer 4.33% on jumbo 5-year CDs, compared to 4.28% for the standard rate.

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.

What is the future of CD rates?

In December, Federal Reserve announced the third rate reduction to the federal fund rate in as few meetings. This is a full percentile point decrease since September. But in January and march, the central bankers refused to reduce 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. CD rates and saving account rates are affected by changes in the fed funds rates.

Time will tell what exactly will happen to the federal funds rate in 2025 and 2026—and tariff activity from the Trump administration has 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 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 Rates
• Best 5-Year Rates on CDs
• Best High-Yielding 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 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. 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. To learn more about our methodology, please read the full article.

Article Sources Investopedia asks writers to use primary resources to support their writing. White papers, original reporting and government data are all examples. 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."