--- title: Today's Highest CD Rates Are Up to 9% APY. Here's Where to Get Them description: Some credit unions now offer CD rates up to 9% APY. Here's where to find today's highest CD rates. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 613 covers: - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Katherine Peach role: Associate Editor url: https://money.com/author/katherine-peach/ bio: Katherine Peach is an associate editor with a focus on news and email at Money. She didn’t always intend to write about money. She’s a classically trained pianist who dreamed of becoming an archaeologist. However, in 2007 Katherine began working in financial publishing as an editor for Agora Inc. (Apparently, unearthing ideas about improving your personal finances isn’t such a bad career alternative!) Katherine’s writing and editing work has been featured in Investing Daily, Clever, Investor Junkie, The Palm Beach Letter, Truth & Plenty, Independence Monthly, NICHE, AmericanStyle, AntiqueWeek, Millennial Money, Money Done Right, TheStreet, Sure Dividend and many others. Katherine holds a Bachelor of Arts in Ancient Studies with concentrations in Archaeology and Ancient Languages and a minor in Literature from the University of Maryland, Baltimore County. She is a member of Phi Beta Kappa. education: University of Maryland, Baltimore County at_money_since: 2025 articles: 14 covers: - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes published: '2026-11-04T16:19:35.000Z' modified: '2026-11-04T16:19:35.000Z' section: Banking tags: - News word_count: 859 canonical: https://money.com/highest-cd-rates-today/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![CD, vault](https://img.money.com/2026/07/News-CD-rates-Credit-Union.jpg) Credit unions celebrating milestone anniversaries are advertising some of the highest [certificate of deposit (CD)](https://money.com/best-cd-rates/) rates in the country. For example, Southland Credit Union in Southern California is honoring its 90th anniversary with a nation-leading 9% annual percentage yield, or APY, on a nine-month CD. Lynchburg Municipal Employees Federal Credit Union in Virginia is offering a similar one-time deal: a 6.5% APY on a 78-month CD for its 65th anniversary. The 9% APY promotional offer has topped lists of the highest CD rates since the spring. "The Southland Credit Union 9-month CD is certainly an interesting one," Cassandra Hutchinson, a CD Valet spokesperson, writes in an email. "It's a new member special, which is probably why they’ve been offering it for an extended period of time." The fine print for promotional CD offers often reveals that they're not quite as generous as they initially seem. The CDs with the highest APYs may have low deposit limits, short terms or strict membership criteria. Still, the offers are a sign of an improving CD market, which is often one of the [few upsides](https://money.com/lazy-investors-guide-to-beating-inflation/) for consumers of [rising inflation](https://money.com/will-prices-ever-go-down/). ## Why CD rates are rising Yields are climbing on CDs as the Bureau of Labor Statistics reported a 3.7% inflation rate in September, according to [CD Valet](https://www.cdvalet.com/), a marketplace that tracks about 40,000 [CD rates](https://money.com/cd-rates-earnings-potential/) from banks and credit unions. It was the seventh consecutive month of consumer price index, or CPI, inflation above 3%. In September, the Federal Reserve [hiked interest rates](https://money.com/fed-rate-hike-effects-september-2026/) for the first time since 2023. The latest jump in inflation means one more interest rate hike is likely on the table this year. The Federal Reserve's final 2026 meeting is scheduled for Dec. 8-9. Rate hikes make it more expensive for financial institutions to borrow from each other, which prompts banks and credit unions to boost CD rates to attract more cash from consumers. Here are median CD APYs by term: - Six months: 3.5% - 12 months: 3.35% - 24 months: 3.14% ## The 10 highest CD rates available right now Here are the 10 CDs with the highest rates, deposit ranges and terms as of Oct. 30. Keep in mind that some offers are limited to new customers in a particular region of the country. 1. **Southland Credit Union:** 9% APY for nine months ($100-$1,000 deposit range). Eligibility: "Lives, works, worships or attends school in Los Angeles or Orange County." 2. **First Federal Credit Union (Iowa):** 7.3% APY for three months ($5,000 minimum deposit). Eligibility: "Open to anyone who lives, works, worships or attends school in Linn, Benton, Dickinson, Clay or Buena Vista counties, Iowa." 3. **University of VA Community Credit Union:** 7% APY for 15 months ($2,000 maximum deposit). Eligibility: "Open to anyone who lives, works or attends school in its defined central/western Virginia membership area (e.g., Albemarle, Amherst, Augusta, Bedford, Campbell counties). Family members of members can also join." 4. **University of VA Community Credit Union:** 7% APY for eight months ($2,000-$5,000 deposit range). Eligibility: Same as above. 5. **Lynchburg Municipal Employees Credit Union:** 6.5% APY for 78 months ($650-$10,000 deposit range). Eligibility: Employees and families affiliated with several government organizations and private companies in Lynchburg, Va. 6. **Wright Patman Congressional Federal Credit Union:** 6% APY for 12 months ($100-$1,000 deposit range). Eligibility: Includes members of select employee groups, U.S. House employees, people who live, work or study in the service area in Washington, D.C. All others can qualify by with a free membership for the Friends of the National Arboretum. 7. **Financial Partners Credit Union:** 6% APY for eight months ($1,000-$5,000 deposit range). Eligibility: "Open to anyone via free American Consumer Council membership, regardless of residency." 8. **Scott Associates Credit Union:** 5.37% APY for 23 months ($500 minimum deposit). Eligibility: "Limited to employees and retirees of The Scotts Company (Marysville, Ohio) and its subsidiaries." 9. **Toyota Financial Savings Bank:** 5.25% APY for 60 months ($1 minimum deposit). Eligibility: Toyota staff and dealership employees, plus family. 10. **Del Norte Credit Union:** 5.23% APY for 13 months ($100,000 minimum deposit). Eligibility: "Open to those who live or work in its northern New Mexico service counties, plus immediate family." ## The 10 highest CD rates available nationwide Here are the nationally available CDs with the highest rates: 1. **Tower Federal Credit Union:** 5.1% APY for 24 months ($500 minimum deposit). Eligibility: "Open to employees, volunteers and donors of 300+ select employer groups and organizations, plus immediate family and household members. Anyone else can qualify with a $35 donation to the TowerCares Foundation; a $15 opening deposit establishes membership." 2. **Bank Iowa:** 5% APY for 60 months ($50,000-$1,000,000 deposit range) 3. **Tower Federal Credit Union:** 5% APY for 60 months ($20,000 minimum deposit). Eligibility: Same as above. 4. **Popular Direct:** 5% APY for 60 months ($10,000 minimum deposit) 5. **Sallie Mae Bank:** 5% APY for 60 months ($2,500 minimum deposit) 6. **Tower Federal Credit Union:** 4.95% APY for 48 months ($20,000 minimum deposit). Eligibility: Same as above. 7. **Popular Direct:** 4.95% APY for 48 months ($10,000 minimum deposit) 8. **Tower Federal Credit Union:** 4.95% APY for 12 months ($100,000 minimum deposit). Eligibility: Same as above. 9. **Bank Iowa:** 4.9% APY for 48 months ($50,000-$1,000,000 deposit range) 10. **Tower Federal Credit Union:** 4.9% APY for 12 months ($500 minimum deposit). 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