Best CD rates today, November 28, 2025 (up to 4.1% APY return)

Core Insights - CD rates are currently declining due to the Federal Reserve's decision to cut its benchmark rate three times in late 2024 and again in October 2025, although some banks still offer competitive rates reaching about 4% APY for shorter terms [2][3] Group 1: Current CD Rates - The highest CD rate as of November 28, 2025, is 4.1% APY, offered by Marcus by Goldman Sachs on a 14-month CD and Sallie Mae on a 15-month CD [3] - National averages for CD rates are significantly lower than the top rates available, emphasizing the need for consumers to shop around [3] Group 2: Online Banks and Credit Unions - Online banks and neobanks typically offer the best CD rates due to lower overhead costs, allowing them to provide higher interest rates and lower fees [4] - Credit unions also offer competitive CD rates as not-for-profit financial cooperatives return profits to their members, although membership requirements may vary [5] Group 3: Considerations for Opening a CD - CDs are considered a safe and stable savings vehicle, backed by federal insurance, and allow consumers to lock in current rates [6] - However, early withdrawal penalties apply if funds are accessed before the term ends, and for those seeking flexible access, high-yield savings or money market accounts may be preferable [7] - While current CD rates are high by historical standards, they may not provide sufficient growth for long-term savings goals compared to market investments [8]