Best CD rates today, November 1, 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 November 1, 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 of around one year or less, 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 after one year, while a 4% APY would result in $1,040.74 [3] - Increasing the deposit amount significantly boosts potential earnings, as a $10,000 investment at 4% APY would grow to $10,407.42 [4] Types of CDs - Various types of CDs offer different benefits, including Bump-up CDs, No-penalty CDs, Jumbo CDs, and Brokered CDs, each with unique features and potential trade-offs in interest rates [4] - Bump-up CDs allow for a one-time request for a higher interest rate if rates increase during the term [4] - No-penalty CDs permit early withdrawal without penalties, while Jumbo CDs require higher minimum deposits and may offer slightly better rates [4]