Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

Overview of CD Rates - The highest CD rate as of October 5, 2025, is 4.10% APY offered by Marcus by Goldman Sachs on its 14-month CD [2] - Historically, longer-term CDs offered higher interest rates, but currently, shorter-term CDs may provide better rates due to the economic climate [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 of $1,017.13, while a 4% APY would result in $1,040.74 [4] 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] Types of CDs - Various types of CDs offer different benefits, which may include: - Bump-up CD: Allows for a one-time request to increase the interest rate if bank rates rise 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 rates, though the difference may be minimal in the current environment [5] - Brokered CD: Purchased through a brokerage, potentially offering higher rates or flexible terms but may carry more risk and lack FDIC insurance [5]