Some of the highest CD rates available today are coming from promotional credit union offers, with advertised yields reaching as high as 9% APY. The standout deals are appearing as inflation pushes deposit rates higher and financial institutions compete more aggressively for savers' money.
According to the report, several credit unions marking milestone anniversaries are using special certificate of deposit promotions to attract attention. One example mentioned is Southland Credit Union in Southern California, which is among the institutions tied to these unusually high advertised rates.
These offers stand out because they are well above what many savers typically see from standard CDs. In this environment, promotional credit union CDs are becoming a notable part of the broader savings market, especially for people searching for the highest CD rates today.
Even so, the top yields appear to be tied to specific celebratory promotions rather than broad market pricing across all CDs. That makes the current wave of anniversary credit union offers notable for savers looking at short-term opportunities as deposit rates continue adjusting to inflation.
