Best CD rates today, January 12, 2026 (Lock in up to 4% APY)

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's interest rate cuts in 2025, which may present a final opportunity to secure these elevated rates with certificates of deposit [1] Group 1: Best CD Rates - As of January 12, 2026, the highest CD rate available is 4.1% APY, offered by LendingClub for an 8-month CD and Sallie Mae Bank for an 11-month CD [2] Group 2: National Average CD Rates - The national average CD rates are considerably lower than the best available rates, with the highest national average interest rate for a 1-year term standing at 1.63% as of December 2025 [3] - Current average CD rates are among the highest seen in nearly two decades, primarily due to the Federal Reserve's strategy to combat inflation by maintaining elevated interest rates [3] Group 3: Finding the Best CD Rates - To secure 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 essential to check minimum deposit requirements, as higher rates may necessitate larger initial deposits [4] - Reviewing account terms and conditions is crucial, including early withdrawal penalties and auto-renewal policies, with some CDs offering more flexible options like no-penalty withdrawals [4]