CD Valet is a digital marketplace that connects consumers with the best CD rates and terms nationwide, helping community financial institutions effectively attract new deposits. The company today shared that from June 1-June 30, 2025, approximately 42% of CD rate changes were an increase, despite the Federal Funds rate remaining unchanged during June’s Federal Open Market Committee (FOMC) meeting.
In its monthly Ratewatcher report, CD Valet analyzes its digital marketplace of over 30,000 retail CD rates, representing over 4,000 banks and credit unions, to uncover patterns and trends. As of June 30, there were 734 rate APY increases reported during the month, averaging 35 basis points. There were 1,027 CD rate APY decreases, averaging 23 basis points.
Other points of note from the June analysis include:
- The average credit union CD rate APY was approximately 17% higher than average bank CD rate APY.
- Of the institutions that increased CD rates, approximately 58% were credit unions while approximately 42% were banks.
- Of the top 25 12-month CD rates, 24 of those rates were offered by a credit union, with one being offered by a bank.
- The majority of rate increases (approximately 17%) came from CDs with 12-month terms.
“As banks and credit unions continue to actively seek deposit growth, understanding how their CD rates compare to peers both locally and nationally can help inform an effective strategy,” said Mary Grace Roske, Head of Marketing at CD Valet. “We continue to see notable rate fluctuations across the yield curve, and the banks and credit unions that evaluate and respond accordingly to these trends will be best positioned to attract new savers and carve out a competitive advantage.”