Best CD rates today, September 22, 2025 (Lock in up to 4.45% APY)

Group 1 - The Federal Reserve has reduced its target interest rate three times in 2024 and announced its first rate cut of 2025, impacting deposit account rates and presenting a potential opportunity to lock in high CD rates [1] - As of September 22, 2025, the highest CD rate available is 4.45% APY offered by LendingClub for an 8-month CD, indicating competitive offerings in the market [2] - The national average CD rates are significantly lower than the best available rates, with the highest national average for a 1-year term at 1.70%, reflecting the impact of the Federal Reserve's actions to combat inflation [3] Group 2 - To find the best CD rates, it is advisable to shop around and compare rates from various financial institutions, particularly online banks which typically offer more competitive rates due to lower overhead costs [4] - It is important to check minimum deposit requirements as higher rates may come with higher minimums, ensuring alignment with the amount intended for deposit [4] - Reviewing account terms and conditions is crucial, including early withdrawal penalties and auto-renewal policies, with some CDs offering no-penalty options for greater flexibility [4]