Best High Yield 9-Month CD Rates for August 2025
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Best High Yield 9-Month CD Rates for August 2025
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By: Tyler Richards

 

 

When shopping around for a CD, it is very important to consider all of the factors, such as APY, minimum deposit requirements, and early withdrawal penalties. A 9-month CD typically offers a higher yield, which currently stands at a nationwide average of 3.45%,  than a conventional savings account, with an average yield of 1.45%.  On the upside, a 9-month CD requires a lot less commitment than a longer term CD. The best high-yield 9-month CD rates currently stand at 5.75% for August 2025.

 

   

Featured Offers

M1 Bank logo
Bank Grade
Top 1% rate
5.75% APY
10 Month CD
9 Month CD by M1 Bank
Forbright Bank logo
Bank Grade
Top 1% rate
5.60% APY
9 Month Business CD
9 Month CD by Forbright Bank
Forbright Bank logo
Bank Grade
Top 1% rate
5.60% APY
9 Month CD
9 Month CD by Forbright Bank
First Financial Bank logo
Bank Grade
Top 1% rate
5.50% APY
270 Day Special CD
9 Month CD by First Financial Bank
Bank of Franklin County logo
Bank Grade
Top 1% rate
5.40% APY
8 Month - BFC Sure Thing CD
9 Month CD by Bank of Franklin County
Pinnacle Bank logo
Bank Grade
Top 1% rate
5.40% APY
10 Month CD
9 Month CD by Pinnacle Bank
MutualOne Bank logo
Bank Grade
Top 1% rate
5.40% APY
9 Month CD Special
9 Month CD by MutualOne Bank
Cambridge Savings Bank logo
Bank Grade
Top 3% rate
5.30% APY
9 Month Business CD
9 Month CD by Cambridge Savings Bank
Cambridge Savings Bank logo
Bank Grade
Top 3% rate
5.30% APY
9 Month CD
9 Month CD by Cambridge Savings Bank

What is a 9-month CD and how does it work?

 

A 9-month CD is a less-liquid type of deposit account that is held for nine months. By agreeing to lend your money to a bank or credit union for those nine months, they agree to pay you a fixed APY payable at the end of the term. The nationwide average APY for a 9-month CD is currently at 3.45% To entice you to lend out your money, the bank or credit union will offer an APY that is typically higher than a conventional savings or money market account. For comparison, the current average yield for conventional savings accounts is !AvgRateSavingsAccount! and the average yield for money market accounts is at 2.02%.  

 

Keep in mind that once you open and fund a CD, you agree to keep your money deposited for the entire nine months. Should you need to withdraw your money before the end of the term, you will most likely have to pay a substantial early withdrawal penalty. At the end of the term, the CD will generally auto-renew for the same nine-month term length, but the rate may not be the same. It is important to be aware of when your term ends, as banks will only allow a short window of 5-7 days to cancel your CD without potentially incurring early withdrawal penalties.

 

   

How do I select the best 9-month CD?

 

CDs are highly effective at forcing individuals to save money towards their goals or for those that have extra money and want to make it work harder than leaving it in a savings or checking account. Here are some important factor to keep in mind when searching for a nine-month CD:

 

 

  • Shop around: Comparing CD rates at various banks is an easy way to find the best CD for your needs. Luckily, we've done all of the hard work for you and have brought together 9-month CDs from banks all across the country on BankGrader site. Keep in mind that you don't always have to have all of your CD accounts with the same bank, as many online banks offer higher rates than traditional banks.

   

  • Beware of early withdrawal penalties: Leaving your money in your CD for the full length of the term allows you to earn the maximum interest. Withdrawing your money early will most likely cause you to lose part or all of your interest, as banks typically charge penalties.

   

Pros and cons of having a 9-month CD

 

Your rate is locked in for nine months. If rates go down, your rate will not change and you earn more interest.If rates continue to rise, you will not be able to take advantage of the higher rates until your CD matures and you renew into a new 9-month CD.
The rates currently being offered on 9-month CDs are at a recent high, in some cases higher than shorter term CDs and other deposit accounts such as a high-yield savings account.If you withdraw your money before the CD matures, you will most likely incur an early withdrawal penalty, which may cause you to lose some or all of your interest earned.
As long as you are within the FDIC or NCUA limits, your money is safe and secure for the entire nine months.

       

Alternatives to 9-month CDs

 

  • Money Market Accounts

     

    A money market account (MMA) is a type of interest-bearing savings account that also allows you to use a debit card and write checks. MMAs generally limit the number of purchases and transfers to six per month, although ATM withdrawals are typically unrestricted. In general, MMAs offer lower, variable yields than a 9-month CD.

 

  • Personal Savings Accounts

     

    A savings account is a type of interest-bearing, depositary account available at banks and credit unions. Banks typically pay a variable interest on deposits but may limit the number of withdrawals per month. Unlike a 9-month CD, which ties up your money, a personal savings account is highly liquid but offers low yields.

 

  • Checking Accounts

     

    A checking account is a form of transactional account that can be opened at a bank, traditional or online, or a credit union. Checking accounts allows you to deposit funds and then withdraw from them to pay bills or make purchases. Keep in mind that the money in your checking account is money that you intend to use in the short term to meet your daily expenses. Unlike a 9-month CD, a checking account offers a low yield, with some banks offering no yields at all.

   

  • High-yield Savings Accounts

    A high-yield savings account is a form of savings account that pays a much greater interest rate than other types of savings accounts.  Rates of 3.95% and higher are now available from online banks. This is the one type of account that offers yields similar or higher than a 9-month CD, with the drawback being that yields are variable and can fluctuate.

 

  • Longer Term CDs

    Longer term CDs such as a 1-year, 15-month, and 18-month CDs currently offer slightly higher yields but require you to commit your funds for longer periods of time. If you prefer the security of a fixed rate for a longer term, these CDs may be an excellent alternative to a 9-month CD.

 

Frequently Asked Questions

 

 

 

Important terms to know

 

 

Annual Percentage Yield (APY): The total interest you receive on money in 9-month CD over the course of a year is expressed as an APY. The interest rate on an account is only one component of the APY, which also considers how frequently your interest compounds. The annual percentage yield (APY) of an account provides a more precise estimate of how much money your 9-month CD will earn.

 

Minimum Opening Deposit: This is the lowest amount of money you must deposit to open your 9-month CD account.

 

Interest: Interest is the money you earn from depositing your cash with a bank into your 9-month CD. When you deposit money with a bank, the bank borrows it from you and will lend a portion of it to clients or other banks, and the money they pay on your 9-month CD, is the interest.

 

Compound Interest: Compound interest is the interest you earn on interest you have already been paid.  This may be demonstrated using simple math: if you have $100 and it generates 5% interest every year, you will have $105 at the end of the first year. You'll have $110.25 by the end of the second year, because you earned interest on the $105, and so on and so forth.

 

Early Withdrawal Penalty: An early withdrawal penalty is a fee banks may charge if you withdraw funds before your 9-month CD matures. Withdrawing your funds before the end of the term may cause you to forfeit a portion of your accrued interest and possibly some of your principal. 

 

Additional offers that might be useful

 

 

3-Month CDs

When you open a CD account, you agree to deposit your money for a set term, in this case, three months, in exchange for a fixed rate, or APY. The advantage of a 3-month CD is that the money is only tied up for a few months. As of today, the average yield for 3-month CDs is at 3.00% and the best 3-month CD is offering a yield of 5.51%.  This rate is multiples higher than the average yield for a conventional savings account, which is currently at !AvgRateSavingsAccount!.

American State Bank
3 Month CD
3 Month CD by American State Bank
Bank Grade
B-
APY
5.51%
Home Loan Investment Bank
3 Month CD
3 Month CD by Home Loan Investment Bank
Bank Grade
B+
APY
5.50%
Avg. user rating
3.89

 

2-Year CDs

A two-year CD is a deposit account where you agree to let a bank or credit union borrow your money for two years in exchange for a fixed interest payment at the end of the term. The current average rate for 2-year CDs is at 1.58%, with the best 2-year CD yielding 5.60%. We've analyzed banks and credit unions nationwide to find the best 2-year CDs currently being offered for August 2025.

 

Merchants Bank of Indiana
24 Month Flex Index CD
2 Year CD by Merchants Bank of Indiana
Bank Grade
B+
APY
4.86%
Avg. user rating
2.60
Bank Five Nine
23 Month CD Special
2 Year CD by Bank Five Nine
Bank Grade
B+
APY
5.50%

4-Year CDs

A 4-Year CD locks up your money for a fairly long period of time but can be very beneficial as it forces you to save towards your goals. There are other CDs with shorter terms that may offer similar yields but for those that are more risk-averse, a 4-Year CD is a good option. We've checked banks all across the country to find the best 4-Year CDs offered by banks and credit unions. The highest yield is currently at 4.75% for August 2025. Here are some other options to consider:

BMO Bank
45 Month CD Special
4 Year CD by BMO Bank
Bank Grade
B+
APY
4.30%

 

Seattle Bank
48 Month CD
4 Year CD by Seattle Bank
Bank Grade
B-
APY
4.55%
Avg. user rating
3.50

Methodology

 

Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.

 

 

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