Best CD rates today, February 8, 2026 (lock in up to 4% APY)

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Group 1: CD Rates Overview - As of February 8, 2026, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs for a 1-year CD [2] - The amount of interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Group 2: Interest Earnings Examples - Investing $1,000 in a one-year CD with 1.61% APY results in a total balance of $1,016.22 after one year, yielding $16.22 in interest [4] - A one-year CD with 4% APY would grow a $1,000 investment to $1,040.74, resulting in $40.74 in interest [4] - A $10,000 deposit in a one-year CD at 4% APY would mature to $10,407.42, earning $407.42 in interest [5] Group 3: Types of CDs - Bump-up CDs allow for a one-time request to increase the interest rate if the bank's rates rise during the term [5] - No-penalty CDs permit early withdrawal without penalties, providing more liquidity [5] - Jumbo CDs require a minimum deposit of $100,000 or more and may offer higher interest rates, though the difference from traditional CDs may be minimal in the current environment [5] - Brokered CDs are purchased through a brokerage and may offer higher rates or flexible terms, but they carry additional risks and may not be FDIC-insured [5]