Best CD rates today, October 11, 2025 (best account provides 4.1% APY)

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced its first rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The highest CD rate available as of October 11, 2025, is 4.1% APY offered by Marcus by Goldman Sachs for a 14-month CD, with shorter-term CDs generally providing the best rates [2] - The interest earned from a CD is influenced by the annual percentage rate (APY) and the frequency of interest compounding, with examples illustrating the difference in earnings based on varying APYs [3] CD Rates Overview - Best CD rates are currently found in shorter terms, particularly from online banks and credit unions [2] - 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 [3] Deposit Impact - The amount deposited in a CD directly affects the total interest earned; for instance, a $10,000 deposit in a one-year CD at 4% APY would grow to $10,407.42, earning $407.42 in interest [4] Types of CDs - Various types of CDs offer different benefits, including: - Bump-up CD: Allows for a one-time request for a higher interest rate if rates increase during the term [4] - No-penalty CD: Enables early withdrawal without penalties [4] - Jumbo CD: Requires a higher minimum deposit (typically $100,000 or more) and may offer higher rates [4] - Brokered CD: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [4]