Best CD rates today, March 2, 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 for consumers to lock in high certificate of deposit (CD) rates [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 is 1.55%, significantly lower than the best available rates [3] - Online banks and credit unions typically offer more competitive rates compared to traditional banks [3] Group 3: Finding the Best CD Rates - Consumers are advised to shop around and compare CD rates from various financial institutions to find the best options [4] - Online banks often provide higher interest rates on CDs due to lower overhead costs [4] - It is important to check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies [4]