Best CD rates today, February 13, 2026 (up to 4% APY return)

Core Insights - Current CD rates are generally declining due to the Federal Reserve's decision to cut its benchmark rate three times in late 2024 and an additional three cuts in 2025, yet some banks still offer competitive rates reaching about 4% APY for shorter terms [2][3] Group 1: CD Rates Overview - The highest CD rate available today is 4% APY, offered by Marcus by Goldman Sachs on its 1-year CD [3] - National averages for CD rates are significantly lower than the top rates available, emphasizing the need for consumers to shop around [3] Group 2: Online Banks and Credit Unions - Online banks and neobanks typically offer the best CD rates due to lower overhead costs, allowing them to provide higher interest rates and lower fees [4] - Credit unions, as not-for-profit financial cooperatives, also offer competitive CD rates, returning profits to their member-owners, although some have strict membership requirements [5] Group 3: Considerations for Opening a CD - CDs are considered a safe and stable savings vehicle, backed by federal insurance, and allow locking in current rates [6] - However, early withdrawal penalties apply if funds are accessed before the term ends, and for those needing flexible access, high-yield savings or money market accounts may be preferable [7] - While current CD rates are high by historical standards, they may not provide sufficient growth for long-term savings goals compared to market investments [8]