Best CD rates today, December 18, 2025 (lock in up to 4.1% APY)

Core Insights - CD rates are currently higher than historical averages, with the best rates reaching 4.1% APY offered by several banks [2][3] - The Federal Reserve has been cutting its target rate, leading to a decline in CD rates since last year [2][4] - Financial institutions are expected to follow the Fed's rate cuts, which may present a good opportunity to lock in current CD rates [5] CD Rates Overview - The highest CD rates available today are 4.1% APY from Sallie Mae Bank (15-month CD), Synchrony Bank (9-month CD), and LendingClub Bank (8-month CD) [2] - CD rates have been declining due to the Federal Reserve's actions, which included three rate cuts in late 2024 [3][4] Federal Reserve Impact - The Federal Reserve's recent rate cuts are correlated with deposit interest rates, influencing the trend of CD rates [5] - Additional rate cuts may occur in 2026, but the timing and extent remain uncertain [4] Opening a CD - The process for opening a CD includes researching 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 penalties for early withdrawal [6]