Best 9-month CD rates for January 2025

Written by
Matthew Goldberg
Edited by
Yuliya Goldshteyn
Reviewed by
Robert R. Johnson

Rates updated between Jan. 13 and Jan. 19 | Content updated Jan. 13

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If you struggle to keep your hands off your savings, a nine-month CD could be a good solution for you. As with other CDs, there’s an early withdrawal penalty, which may be reason enough to keep from touching your deposits before the maturity date. Still, you’ll avoid tying up your funds for an extended period of time. You’ll earn a higher rate of return than you would through most savings accounts or a CD with a shorter term.

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Bankrate’s picks for top 9-month CD rates

Note: Annual percentage yields (APYs) shown were updated between Jan. 13 and Jan. 19. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

America First Credit Union_logo

America First Credit Union

5.0 Bankrate CD score

  • Annual percentage yield

    4.40%

  • Min. deposit to open

    $500

Why America First Credit Union?

America First Credit Union was founded in 1939 in Salt Lake City. It has CDs with terms ranging from three months to five years. The minimum opening deposit for CDs is $500. It also offers a variety of checking and savings accounts.

CIBC Bank USA_logo

CIBC Bank USA

4.6 Bankrate CD score

  • Annual percentage yield

    4.31%

  • Min. deposit to open

    $1,000

Why CIBC Bank USA?

CIBC Bank USA, formerly The PrivateBank and Trust Co., was founded in 1991 and is based in Chicago. It was rebranded as CIBC Bank USA. CIBC has six CD terms, ranging from nine months to 30 months. The minimum deposit to open a CD is $1,000. Also offered are a savings account, a money market account and three checking accounts.

Marcus by Goldman Sachs_logo

Marcus by Goldman Sachs

4.9 Bankrate CD score

  • Annual percentage yield

    4.30%

  • Min. deposit to open

    $500

Why Marcus by Goldman Sachs?

Marcus is the online personal banking unit of Goldman Sachs. Marcus offers nine terms of CDs, three no-penalty CD terms and a savings account. Marcus CDs require a $500 minimum to open, but its savings accounts have no minimum deposit requirement.

Forbright Bank_logo

Forbright Bank

4.4 Bankrate CD score

  • Annual percentage yield

    4.25%

  • Min. deposit to open

    $1,000

Why Forbright Bank?

Forbright Bank offers five terms of CDs that range from nine months to five years. The one-year option earns an APY that’s tough to beat. The two-year, three-year and five-year terms earn rates that are well above average, but you can find higher yields at other banks. A minimum deposit of $1,000 is required to open a CD.

SchoolsFirst Federal Credit Union_logo

SchoolsFirst Federal Credit Union

4.5 Bankrate CD score

  • Annual percentage yield

    4.10%

  • Min. deposit to open

    $500

Why SchoolsFirst Federal Credit Union?

SchoolsFirst serves the education community in California. Certain school employees, certain retired school employees and immediate family members of SchoolsFirst Federal Credit Union members are eligible to join. SchoolsFirst offers CDs ranging from 30 days to five years. To open a CD, a $500 minimum deposit is required. If you put in more money you may be rewarded with a higher APY, as SchoolsFirst has five rate tiers: $500, $20,000, $50,000, $100,000 and $250,000.

Ally Bank_logo

Ally Bank

4.6 Bankrate CD score

  • Annual percentage yield

    4.00%

  • Min. deposit to open

    $0

Why Ally Bank?

Ally Bank is an online-only bank formerly known as GMAC Bank. Ally offers seven terms of CDs, a no-penalty CD and two terms of a Raise Your Rate CD. The Sandy, Utah-based bank also offers a savings account, an interest-bearing checking account and a money market account. Ally has 11 million customers with deposit accounts.

Synchrony Bank_logo

Synchrony Bank

4.9 Bankrate CD score

  • Annual percentage yield

    4.00%

  • Min. deposit to open

    $0

Why Synchrony Bank?

Synchrony Bank is known for its credit cards and deposit accounts. Its CDs generally earn a competitive yield. Synchrony Bank offers many terms of CDs with terms ranging from three months to five years. Synchrony Bank also offers an 11-month no-penalty CD and a two-year bump-up CD. Synchrony Bank also offers a savings account and a money market account.

Sallie Mae Bank_logo

Sallie Mae Bank

3.9 Bankrate CD score

  • Annual percentage yield

    4.00%

  • Min. deposit to open

    $2,500

Why Sallie Mae Bank?

Sallie Mae Bank offers 11 terms of CDs, a savings account, money market account and private student loans. It offers a competitive yield on its deposit products. Established in 2005, Sallie Mae Bank is headquartered in Salt Lake City. In 2014, Sallie Mae became a stand-alone consumer banking business.

Randolph-Brooks Federal Credit Union_logo

Randolph-Brooks Federal Credit Union

4.3 Bankrate CD score

  • Annual percentage yield

    3.90%

  • Min. deposit to open

    $1,000

Why Randolph-Brooks Federal Credit Union?

Randolph-Brooks Federal Credit Union is headquartered in Live Oak, Texas, and operates 61 branches serving four major markets in the state: Austin, Corpus Christi, Dallas-Fort Worth and San Antonio. It has more than 1 million members. Randolph-Brooks Federal Credit Union has CDs with terms ranging from six months to seven years. It also offers a Really Free Checking account that requires no minimum balance and charges no monthly fee.

EverBank_logo

EverBank

4.1 Bankrate CD score

  • Annual percentage yield

    3.90%

  • Min. deposit to open

    $1,000

Why EverBank?

EverBank offers CD terms ranging from three months to five years. It also offers a bump-rate CD, which allows a one-time rate bump should rates go higher. EverBank offers a service for customers with deposits that exceed the FDIC insurance limit of $250,000. Funds are spread around to different federally insured banks to expand insurance coverage.

What is a 9-month CD?

A nine-month CD is a certificate of deposit that matures in nine months. In return for locking up your money with a bank or other financial institution for the term, it may pay you a slightly higher interest rate than you’d earn with a traditional savings account or money market account.

Certificates of deposit offer a few key benefits. With your rate locked in, you don’t have to worry about the bank cutting your rate until after the CD matures. Accounts opened at most banks or credit unions are insured, typically up to $250,000, eliminating risk while helping you save for short-term goals.

In a falling interest rate environment, a short-term CD can be a smart middle ground. It gives you the chance to lock in a decent rate without committing for too long. If you don’t need your money for a few years, it’s worth locking in a multi-year CD at today’s rates. Rates will probably drop as we move into next year and beyond. Securing a good rate now might save you from missing out later. — Joe Camberato, CEO, National Business Capital

How to find the best 9-month CD rates

Comparison shopping is key when you’re looking for the best nine-month CD rates. There are multiple types of CDs, including bump-up CDs and liquid CDs. But the top nine-month CD rates are usually found with traditional CDs.

Check out the best nine-month CDs offered by banks and credit unions and weigh the pros and cons of going with a short-term certificate of deposit over an account that’s more liquid. Don’t forget to calculate how much interest you could earn by the end of your term.

9-month CD FAQs

Research methodology

At Bankrate, we strive to help you make smarter financial decisions. We follow strict guidelines to ensure that our editorial content is unbiased and not influenced by advertisers. Our editorial team receives no direct compensation from advertisers and our content is thoroughly fact-checked to ensure accuracy.

Bankrate regularly surveys over 100 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks.

To find the best CDs, our editorial team analyzes various factors, such as: annual percentage yield, the minimum needed to earn that APY (or to open the CD) and whether or not it is broadly available. All of the accounts on this page are insured by the Federal Deposit Insurance Corp. (FDIC) or by the National Credit Union Share Insurance Fund (NCUSIF).

When selecting the best CD for you, consider the purpose of the money and when you’ll need access to these funds to help you avoid early withdrawal penalties.