Best CD rates today, October 26, 2025 (lock in up to 4.1% APY)

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Summary by Sections Overview of CD Rates - As of October 26, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs for a 14-month CD, Sallie Mae for a 15-month CD, and Synchrony for a 6-month CD [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] Example of Interest Calculation - Investing $1,000 in a one-year CD at 1.70% APY with monthly compounding results in a balance of $1,017.13 after one year, while a 4% APY would yield a balance of $1,040.74 [4] Impact of Deposit Amount - A deposit of $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42 at maturity, earning $407.42 in interest [5] 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 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 with increased risk and possible lack of FDIC insurance [5]