Best CD rates today, February 12, 2026 (lock in up to 4% APY)

Core Insights - CD rates are currently higher than historical averages, with the best rates reaching 4% APY, particularly from online banks [2][3] - The Federal Reserve has been cutting its target rate, leading to a decline in CD rates since last year, with predictions of further cuts in 2026 [2][4] Group 1: Current CD Rates - The highest CD rate available today is 4% APY, offered by Marcus by Goldman Sachs for its 1-year CD [2] - Several financial institutions are providing competitive rates of 4% APY and above, especially among online banks [2] Group 2: Federal Reserve Actions - The Federal Reserve has cut its target rate three times in late 2024 by a total of one percentage point due to slowing inflation and an improved economic outlook [3] - Additional rate cuts are anticipated in 2026, although the timing and extent remain uncertain [4] Group 3: Impact on CD Rates - There is a correlation between the federal funds rate and deposit interest rates; as the Fed lowers rates, CD rates typically follow suit [5] - With the recent rate cuts by the Fed, CD rates are beginning to decline again, suggesting that now may be an opportune time to invest in CDs to lock in current rates [5] Group 4: Opening a CD - The process for opening a CD account includes researching competitive rates, choosing an appropriate account, preparing necessary documents, completing the application, and funding the account [6] - It is important to consider factors such as term length and minimum deposit requirements to avoid penalties for early withdrawal [6]