The best CD rates currently available in May 2025 are up to 4.50% APY. Several institutions offer this top rate for various terms, including:
- PonceBankDirect: 4.50% APY for 3 months with a $500 minimum deposit.
- Vibrant Credit Union: 4.50% APY for 6 or 13 months with a $5 minimum deposit.
- Liberty Federal Credit Union: 4.50% APY for 6 months with a $1,000 minimum deposit.
- Communitywide Federal Credit Union: 4.50% APY for 6 months with a $1,000 minimum deposit.
- Paramount Bank: 4.50% APY for 7 months with a $1,000 minimum deposit.
- Jovia Financial Credit Union: 4.50% APY for 8 months with a $100 minimum deposit.
- Partners 1st Federal Credit Union: 4.50% APY for 9 months with a $500 minimum deposit.
- OMB Bank: 4.50% APY for 9 months with a $1,000 minimum deposit.
- Greenwood Credit Union: 4.50% APY for 12 months with a $1,000 minimum deposit.
- Elements Financial: 4.50% APY for 13 months with a $1,000 minimum deposit
Other notable banks with competitive rates slightly below 4.50% include:
- Marcus by Goldman Sachs: 4.25% APY for a 14-month CD with a $500 minimum deposit.
- Sallie Mae Bank: 4.25% APY for an 11-month CD with a $2,500 minimum deposit.
- Newtek Bank: 4.40% APY for 9 months with a $2,500 minimum deposit
In summary, credit unions like Communitywide Federal Credit Union and banks like OMB Bank and PonceBankDirect currently offer the highest CD rates at 4.50% APY for terms ranging from 3 to 13 months. The choice depends on your preferred term length and minimum deposit requirements
