Best CD rates today, January 5, 2026 (Lock in up to 4.1% APY)

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's interest rate cuts in 2024 and 2025, suggesting a potential last opportunity to secure high rates with CDs [1] Group 1: Current CD Rates - The highest CD rate available as of January 5, 2026, is 4.1% APY offered by LendingClub for an 8-month CD [2] - National average CD rates are considerably lower, with the highest average rate for a 1-year term at 1.63% as of December 2025, reflecting the highest rates seen in nearly two decades due to the Federal Reserve's inflation control measures [3] Group 2: Finding Competitive CD Rates - To find the best CD rates, it is advisable to shop around and compare rates from various financial institutions, particularly online banks which typically offer more competitive rates due to lower overhead costs [4] - It is important to check minimum deposit requirements as higher rates may necessitate larger initial deposits, ensuring alignment with financial goals [4] - Reviewing account terms and conditions is crucial, including early withdrawal penalties and auto-renewal policies, with some CDs offering no-penalty options for greater flexibility [4]