Best CD rates today, November 29, 2025 (best account provides 4.1% APY)

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced a second rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The best CD rates are currently found in shorter terms, particularly from online banks and credit unions, with the highest rate at 4.1% APY as of November 29, 2025 [3] CD Rates Overview - The highest CD rates are typically offered for terms of one year or less, with online banks and credit unions leading in competitive rates [3] - As of November 29, 2025, Marcus by Goldman Sachs and Sallie Mae offer the highest CD rates at 4.1% APY for their respective 14-month and 15-month CDs [3] Interest Earnings - 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] - For example, a $1,000 investment in a one-year CD at 1.70% APY would yield $17.13 in interest, while a 4% APY would yield $40.74 [4] Deposit Impact - The amount deposited in a CD significantly affects the total interest earned; a $10,000 deposit in a one-year CD at 4% APY would result in $407.42 in interest [5] Types of CDs - Various types of CDs offer different benefits, including: - Bump-up CD: Allows for a one-time rate increase if bank rates rise during the term [5] - No-penalty CD: Enables early withdrawal without penalties [5] - Jumbo CD: Requires a higher minimum deposit (usually $100,000 or more) and may offer higher rates [5] - Brokered CD: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [5]