Best CD rates today, October 25, 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 rates currently available are around 4.1% APY, primarily offered by online banks and credit unions for shorter terms [2] CD Rates Overview - As of October 25, 2025, the best CD rates are 4.1% APY, available from Marcus by Goldman Sachs (14-month CD), Sallie Mae (15-month CD), and Synchrony (6-month CD) [2] - 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 [2] Interest Earnings Example - An investment of $1,000 in a one-year CD at 1.70% APY would yield a total balance of $1,017.13 after one year, while a 4% APY would result in a balance of $1,040.74 [3] Deposit Impact on Earnings - A deposit of $10,000 in a one-year CD at 4% APY would grow to $10,407.42 at maturity, resulting in $407.42 in interest earned [4] Types of CDs - Various types of CDs offer different benefits, including: - Bump-up CD: Allows for a one-time request to increase the interest rate if rates rise 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]