See which banks are currently paying the highest CD rates. If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available. Banks with the best CD rates right now Today’s CD rates vary quite a bit. In general, however, CD rates are ...

Core Insights - Deposit account rates are declining, but competitive returns on certificates of deposit (CDs) can still be locked in, with the best CDs offering rates above 4% [1] Group 1: Current CD Rates - The best short-term CDs (six to 12 months) currently offer rates around 4% to 4.5% APY, with Marcus by Goldman Sachs offering the highest rate of 4% APY on its 1-year CD [2] - Historical trends show that CD rates were significantly higher in the early 2000s but fell to around 1% APY for one-year CDs by 2009 due to economic slowdowns and Federal Reserve rate cuts [2] - The average rates on 6-month CDs fell to about 0.1% APY and 5-year CDs to 0.8% APY by 2013, reflecting the impact of the Fed's near-zero interest rate policy [3] Group 2: Economic Influences on CD Rates - Between 2015 and 2018, the Fed's gradual rate increases led to a slight improvement in CD rates, marking the end of nearly a decade of ultra-low rates [4] - The COVID-19 pandemic prompted emergency rate cuts by the Fed, resulting in new record lows for CD rates [4] - Following the pandemic, the Fed raised rates 11 times between March 2022 and July 2023 to combat inflation, leading to higher APYs on savings products, including CDs [5] Group 3: Future Trends and Considerations - As of September 2024, the Fed began cutting the federal funds rate, resulting in a steady decline in CD rates from their peak, although they remain high by historical standards [6] - Traditionally, longer-term CDs offered higher interest rates, but currently, the highest average CD rate is for a 12-month term, indicating a flattening or inversion of the yield curve [6][7] - When choosing a CD, factors such as goals, type of financial institution, account terms, and inflation should be considered to ensure the best fit for individual needs [8]

Deposit account rates are on the decline — but the good news is you can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates above 4%. Read on for a snapshot of CD rates today and where to find the best offers. Where are the best CD rates today? CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% to ...

Core Insights - The Federal Reserve has reduced its target interest rate three times in 2024 and announced a third rate cut for 2025, impacting deposit account rates and presenting a potential opportunity to lock in high CD rates [1] Group 1: Current CD Rates - The highest CD rate available as of December 29, 2025, is 4.1% APY, offered by Sallie Mae Bank for a 15-month CD and Synchrony Bank for a 9-month 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 1.63%, 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 - It is advisable to shop around and compare CD rates from various financial institutions before making a decision [4] - Online banks often provide higher interest rates on CDs due to lower overhead costs [4] - Potential investors should check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies [4]

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced a third rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The best CD rates are currently found at online banks and credit unions, particularly for shorter terms of around one year or less [3] CD Rates Overview - As of December 27, 2025, the highest CD rate available is 4.1% APY, offered by Sallie Mae Bank for a 15-month CD and Synchrony Bank for a 9-month CD [3] - The interest earned from a CD is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in the base interest rate and compounding frequency [3] Interest Earnings Examples - An investment of $1,000 in a one-year CD with 1.63% APY, compounded monthly, would yield a total of $1,016.42 at maturity, resulting in $16.42 in interest [4] - If the same amount is invested in a one-year CD with 4% APY, the total balance would grow to $1,040.74, earning $40.74 in interest [4] - A deposit of $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42 at maturity, earning $407.42 in interest [5] 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 higher minimum deposit, typically $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]

Core Insights - Current CD rates are declining due to the Federal Reserve's decision to cut its benchmark rate three times in late 2024 and a recent cut this month, although some banks still offer competitive rates around 4% APY for shorter terms [2] Group 1: CD Rates Overview - The highest CD rate as of December 26, 2025, is 4.2% APY offered by United Fidelity Bank on its 2-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 also offer competitive CD rates as not-for-profit financial cooperatives return profits to their members, 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 seeking flexible access, high-yield savings or money market accounts may be preferable [7] - While current CD rates are high historically, they may not match potential market returns for long-term savings goals like retirement [8]

Core Insights - CD rates are currently higher than historical averages, with the highest rate at 4.2% APY offered by United Fidelity Bank for a 2-year CD [2] - The Federal Reserve has been cutting its target rate, leading to a decline in CD rates since last year [2][5] - Online banks are particularly competitive, offering rates of 4% APY and above [2] Group 1: Current CD Rates - CD rates are relatively high compared to historical averages, but have been declining since the Federal Reserve began cutting rates [2] - The highest CD rate available today is 4.2% APY from United Fidelity Bank on a 2-year CD [2] - Several financial institutions are offering competitive rates of 4% APY and up, 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] - The Fed announced its third rate cut of 2025, with potential additional cuts anticipated in 2026, though the timing and number of cuts remain uncertain [4] - The federal funds rate does not directly impact deposit interest rates, but they are correlated; typically, when the Fed lowers rates, financial institutions follow suit [5] Group 3: Opening a CD - The process for opening a CD account varies by institution but generally includes researching rates, choosing an account that meets financial needs, and preparing necessary documents [6] - Important factors to consider when opening a CD include competitive rates, term length, minimum deposit requirements, and potential fees [6] - The application process is typically quick, often allowing for online applications, and funding the account can be done through transfers or checks [6]

Deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates above 4%. Read on for a snapshot of CD rates today and where to find the best offers. Where are the best CD rates today? CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% to 4.5% AP ...

Core Insights - The Federal Reserve has reduced its target interest rate three times in 2024 and announced a third rate cut for 2025, impacting deposit account rates and presenting a potential opportunity to secure high certificate of deposit (CD) rates [1] Group 1: Current CD Rates - As of December 22, 2025, the highest CD rate available is 4.1% APY, offered by Sallie Mae Bank for a 15-month CD and LendingClub Bank for an 8-month 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 by maintaining elevated interest rates [3] Group 2: National Average CD Rates - The highest national average interest rate for CDs is 1.63% for a 1-year term, significantly lower than the best available rates [3] - Online banks and credit unions typically provide more competitive rates compared to traditional banks, contributing to the higher average rates observed [3] Group 3: Finding the Best CD Rates - It is advisable for consumers to shop around and compare CD rates from various financial institutions to find the best options [4] - Online banks often offer higher interest rates on CDs due to lower overhead costs, making them a preferred choice for consumers seeking competitive rates [4] - Consumers should check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies, to ensure alignment with their financial goals [4]

Find out how much you could earn by locking in a high CD rate today. A certificate of deposit (CD) allows you to lock in a competitive rate on your savings and help your balance grow. However, rates vary widely across financial institutions, so it’s important to ensure you’re getting the best rate possible when shopping around for a CD. The following is a breakdown of CD rates today and where to find the best offers. Overview of CD rates today Historically, longer-term CDs offered higher interest rates t ...