Best CD rates today, October 20, 2025 (Lock in up to 4.10% APY)

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's recent interest rate cuts [1][3] - The highest CD rate currently available is 4.25% APY, offered by LendingClub and United Fidelity Bank [2] - National average CD rates are at 1.70% for a 1-year term, marking some of the highest rates seen in nearly two decades due to the Federal Reserve's inflation control measures [3] Best CD Rates - As of October 20, 2025, the top CD rate is 4.25% APY, available through LendingClub for an 8-month term and United Fidelity Bank for 10- and 18-month terms [2] - Online banks and credit unions generally provide more competitive rates compared to traditional banks [3] Finding the Best CD Rates - It is advisable to shop around and compare CD rates from various financial institutions before making a decision [4] - Online banks often have lower overhead costs, allowing them to offer higher interest rates on CDs [4] - Potential investors should check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies [4]