Best CD rates today, September 28, 2025 (lock in up to 4.45% APY)

Core Insights - The article discusses the current landscape of certificate of deposit (CD) rates, highlighting the importance of securing competitive rates for savings [1][2]. Group 1: CD Rates Overview - Historically, longer-term CDs offered higher interest rates than shorter-term CDs, but the current economic climate has reversed this trend [2]. - As of September 28, 2025, the highest CD rate available is 4.45% APY, offered by LendingClub for an 8-month CD [2]. Group 2: Interest Earnings from CDs - The interest earned from a CD is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in the base interest rate and compounding frequency [3]. - For example, a $1,000 investment in a one-year CD at 1.70% APY would yield a total balance of $1,017.13, while a 4% APY would result in a balance of $1,040.74 [4]. Group 3: Deposit Amount Impact - The amount deposited in a CD directly affects the interest earned; a $10,000 deposit in a one-year CD at 4% APY would grow to $10,407.42, earning $407.42 in interest [5]. Group 4: Types of CDs - Various types of CDs offer different benefits, which may include: - Bump-up CD: Allows for a one-time request for a higher interest rate if bank rates increase during the term [5]. - No-penalty CD: Enables early withdrawal without penalties [5]. - Jumbo CD: Requires a higher minimum deposit (typically $100,000 or more) and may offer higher interest rates [5]. - Brokered CD: Purchased through a brokerage, potentially offering higher rates or flexible terms but with increased risk and possible lack of FDIC insurance [5].