Current CD Rates For June 2025

Morsa Images/ Getty Images; Illustration by Austin Courregé/Bankrate

A certificate of deposit (CD) is a time deposit account in which your money accrues interest at a fixed yield for a set period of time, or term. CD terms typically range from as short as a few months to as long as five years, or even longer. However, if you withdraw your funds before the CD’s term ends, you’ll likely be charged an early withdrawal penalty, which is typically some or all of the interest you’ve accrued.

Find current CD rates and recent interest rate trends from Bankrate below. Here are the current national average annual percentage yields (APYs) as of Thursday, June 12, 2025, according to Bankrate’s most recent survey:

1-year CD yield: 2 percent APY
3-year CD yield: 1.7 percent APY
5-year CD yield: 1.72 percent APY

The national average rate for one-year and five-year CDs started to increase in February 2022, driven in part by rising Treasury yields and expectations of Federal Reserve rate increases. Since February 2023, the one-year CD average has been higher than the five-year CD average.

In May 2025, officials chose to hold the federal funds rate at a target range of 4.25-4.5 percent. They’ve left this benchmark rate unchanged so far this year, after bringing the target range down in late 2024 by a total of one percentage point, or 100 basis points.

Competitive CD APYs had been decreasing gradually leading up to the Fed’s September 2024 rate cut, as well as in its wake.

The Fed’s next scheduled rate decision is June 18. It’s likely the Fed will not change rates during its announcement this month.

But the good news for savers is that inflation has remained lower than top CD yields.

“The top-yielding CDs are outpacing inflation, with yields in excess of 4 percent across the maturity spectrum,” says Greg McBride, CFA, Bankrate chief financial analyst. “The ability to lock in that type of return, potentially for multiple years, is compelling for savers looking to reduce risk, generate income or meet future cash flow needs.”

Prior to the three 2024 rate cuts, the Fed had held rates at a multi-decade high since July 2023, in an effort to tame inflation — while high-yield CD rates rose to historic highs.

Bankrate’s take:

You can lock in a competitive yield with a CD. Savings accounts, on the other hand, usually have variable APYs. In an environment where CD rates might decrease in the future, a CD is an option to consider as long as you won’t need the money during the term. It’s important to determine your time horizon for money that’s being put into a CD, since CDs generally have an early withdrawal penalty.

Latest average CD APYs: 3-month trend

Bankrate monitors the national average rates on various CD terms, including:

Date	1-year CD	3-year CD	5-year CD
06/09/2025	2.00%	1.69%	1.71%
06/02/2025	2.00%	1.69%	1.71%
05/26/2025	2.00%	1.69%	1.71%
05/19/2025	1.99%	1.69%	1.70%
05/12/2025	2.00%	1.69%	1.71%
05/05/2025	2.01%	1.68%	1.70%
04/28/2025	2.01%	1.68%	1.69%
04/21/2025	2.01%	1.69%	1.69%
04/14/2025	2.01%	1.69%	1.70%
04/07/2025	2.02%	1.69%	1.70%
03/31/2025	2.02%	1.69%	1.69%
03/24/2025	2.00%	1.67%	1.68%
03/17/2025	2.01%	1.67%	1.67%
03/10/2025	2.02%	1.68%	1.68%

How Bankrate calculates the national average

Bankrate has made enhancements to our national averages database on April 14, 2025, including ones that retroactively impact previous weeks’ listings in our table. Previous enhancements were also made in January 2025. Up to 1,200 banks and credit unions are surveyed weekly to generate the national averages. Among these institutions are those that are broadly available and offer high yields, as well as some of the nation’s largest banks.

Compare CD rates by term for June 2025

Current 6-month CD rates

Rising Bank — 4.51% APY
First Internet Bank of Indiana — 4.49%
Popular Direct — 4.40% APY
Bread Savings — 4.35% APY
CIBC Bank USA — 4.31% APY

See additional best 6-month CD rates.

Current 1-year CD rates

Rising Bank — 4.45% APY
Popular Direct — 4.40% APY
Limelight Bank — 4.35% APY
Bask Bank — 4.30% APY
Sallie Mae Bank — 4.20% APY

See additional best 1-year CD rates.

Current 3-year CD rates

Popular Direct — 4.15% APY
Synchrony Bank — 4.00% APY
Bread Savings — 4.00% APY
First Internet Bank of Indiana — 3.97% APY
TAB Bank — 3.91% APY

See additional best 3-year CD rates.

Current 5-year CD rates

Popular Direct — 4.20% APY
Synchrony Bank — 4.15% APY
Bread Savings — 4.00% APY
First Internet Bank of Indiana — 3.97% APY
Morgan Stanley Private Bank — 3.90% APY

See additional best 5-year CD rates.

Note: Annual percentage yields (APYs) shown are as of June 12, 2025 Bankrate’s editorial team updates this information weekly. APYs may have changed since they were last updated and may vary by region for some products.

Current CD rates FAQs

The Federal Reserve’s decisions on interest rates can affect CD rates. Once the central bank makes a decision to change the rate, competitive banks will generally move CD yields in the same direction. Broader macroeconomic conditions also influence CD rates.
CD rates are determined by several factors. The decisions made by the Federal Reserve on the federal funds rate will likely influence CD rates. Competition among banks and credit unions will also influence the payout on their CDs, as well as whether or not the financial institution needs deposits. In general, online banks tend to pay higher rates than banks with branches. Changes in Treasury yields and economic conditions also influence CD rates.