Best Bank Rates for June, 2025
Compare FDIC-insured accounts with the highest interest rates, updated daily to help you maximize your returns.
Savings Accounts
We check 4,800 banks daily, providing the industry's most comprehensive rate comparison. All savings accounts are FDIC insured up to $250,000, making your deposit the safest in the world.
Certificate of Deposits
Earn the highest interest rates in FDIC insured accounts. CDs lock your investment for a set term duration in exchange for rates that can be more than double those of standard savings accounts.
Savings vs CDs
Understanding which account type best fits your financial goals
Savings Accounts
- Liquidity: Access your money anytime without penalties
- Variable rates: Interest rates may change over time based on market conditions
- No minimum term: No commitment period required, deposit and withdraw as needed
- Lower rates: Typically offer lower interest rates than CDs due to the flexibility they provide
- Monthly transactions: May have limits on withdrawals or transfers per month
Best for: Emergency funds, short-term savings goals, and maintaining financial flexibility when you need quick access to your money.
Certificate of Deposits
- Fixed rates: Guaranteed interest rate for the entire term
- Higher returns: Generally offer higher interest rates than savings accounts as a reward for the commitment
- Time commitment: Terms typically range from 3 months to 5+ years with longer terms usually offering higher rates
- Early withdrawal penalties: Fees apply if you withdraw before maturity, often several months of interest
- Predictable returns: Know exactly how much you'll earn by the end of the term
Best for: Medium to long-term savings goals when you won't need immediate access to funds and want to maximize your guaranteed return.
Which Account Is Right For You?
Choosing between a savings account and a CD depends on your financial goals and needs:
Choose a savings account if: You need regular access to your money, are building an emergency fund, or are saving for short-term goals.
Choose a CD if: You have funds you won't need for a specific time period and want to maximize your guaranteed return.
Consider a CD ladder for the best of both: Spread your money across multiple CDs with different maturity dates to balance higher returns with periodic access to your funds.