Best CD rates today, November 13, 2025 (lock in up to 4.1% APY)

Core Insights - Current CD rates are relatively high compared to historical averages, with several financial institutions offering competitive rates of 4% APY and above, particularly from online banks [2][3] - The Federal Reserve has begun cutting its target rate, which has led to a decline in CD rates since last year, with the highest current rate being 4.1% APY offered by Marcus by Goldman Sachs, Sallie Mae, and Synchrony [3][4] - The correlation between the federal funds rate and deposit interest rates suggests that as the Fed lowers rates, CD rates are likely to follow suit, making it a potentially good time to invest in CDs [5] CD Rate Trends - The Federal Reserve cut its target rate three times in late 2024 by a total of one percentage point, with a second rate cut announced in October 2025 [3][4] - Predictions indicate that additional rate cuts may occur, although the timing and number of cuts remain uncertain [4] Opening a CD - The process for opening a CD account involves several steps, including researching competitive rates, choosing an account that meets financial needs, preparing necessary documents, completing the application, and funding the account [6]