Best CD rates today, February 16, 2026 (Lock in up to 4% APY)

Core Insights - The Federal Reserve has reduced its target interest rate three times in 2025, impacting deposit account rates and presenting a potential opportunity to secure high certificate of deposit (CD) rates before they decrease further [1] Group 1: Current CD Rates - The highest CD rate available today is 4% APY, offered by Marcus by Goldman Sachs for a 1-year CD [2] - Today's average CD rates are among the highest seen in nearly two decades, largely due to the Federal Reserve's actions to combat inflation [3] Group 2: National Average CD Rates - The national average interest rate for a 1-year CD stands at 1.61%, significantly lower than the best available rates [3] - Online banks and credit unions typically provide more competitive rates compared to traditional banks [3] Group 3: Finding the Best CD Rates - It is advisable to shop around and compare CD rates from various financial institutions before making a decision [4] - Online banks often have lower overhead costs, allowing them to offer higher interest rates on CDs [4] - Higher CD rates may come with higher minimum deposit requirements, necessitating alignment with personal financial plans [4] - Reviewing account terms, including early withdrawal penalties and auto-renewal policies, is crucial for selecting the right CD [4]