Best CD Rates Methodology To identify the best CD rates, Wallethub’s editors regularly compare over 1500 certificates of deposits from leading financial institutions based on APY, fees and minimum deposit requirements., Earn up to 4.55% APY with short-term CDs. With potential Fed cuts ahead, now could be the perfect time to lock in a great rate on your savings., Top CD rates today The best CD yield from a national bank is Northern Bank Direct, with a 4.50% APY on a nine-month CD with a $500 minimum deposit requirement., Best CD Rates of July 2025 For our list of the best CD rates, the MarketWatch Guides team evaluated 154 banks and credit unions and selected the highest-scoring financial institutions. These banks , For months, the top CD rate in the 3-month term was 4.50%. But as of today, the new rate leader offers 4.45%. Higher APYs are still available for 6 months., Offering 4.66% APY, this account is a smart pick for low-risk savers with at least $1,000 to deposit. The Federal Reserve has lowered interest rates by a full percentage point over the last year, making now a smart time to lock in a high APY before CD rates potentially decline. Read on to see today’s top CD rates..