Best CD rates today, November 27, 2025 (lock in up to 4.1% APY)

Core Insights - CD rates are currently higher than historical averages, with some institutions offering rates of 4% APY and above, particularly online banks [2][5] - The highest CD rate as of November 27, 2025, is 4.1% APY, available from Marcus by Goldman Sachs and Sallie Mae [2] - The Federal Reserve has been cutting its target rate, which has led to a decline in CD rates since last year [2][4] CD Rate Trends - CD rates have been on a downward trend since the Federal Reserve began reducing the federal funds rate in late 2024, cutting it by a total of one percentage point [3] - The Fed's recent rate cuts in October 2025 may lead to further reductions in CD rates, although the timing and extent of future cuts remain uncertain [4] Opening a CD - The process for opening a CD account includes researching competitive rates, choosing an account that meets financial needs, preparing necessary documents, completing the application, and funding the account [6] - It is important to consider the CD's term length and minimum deposit requirements to avoid early withdrawal penalties [6]