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 Impact - The Federal Reserve began decreasing the federal funds rate due to slowing inflation and an improved economic outlook, cutting it three times in late 2024 by a total of one percentage point [3] - The correlation between the federal funds rate and deposit interest rates means that as the Fed lowers rates, CD rates typically follow suit [5] Group 3: Opening a CD - The process for opening a CD account includes researching competitive rates, choosing an account that meets financial needs, preparing necessary documents, completing the application, and funding the account [6] - It is important to consider the CD's term length and minimum deposit requirements to avoid early withdrawal penalties [6]

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 for a 1-year term [2] - A minimum opening deposit of $500 is required for the highest CD rate [2] Group 2: Historical Trends - CD rates were relatively high in the early 2000s but began to decline due to economic slowdowns and Federal Reserve rate cuts, with average one-year CDs at around 1% APY by 2009 [3] - The trend of falling CD rates continued into the 2010s, with average rates for 6-month CDs dropping to about 0.1% APY by 2013 [4] - Between 2015 and 2018, CD rates improved slightly as the Fed increased rates, but the COVID-19 pandemic led to emergency rate cuts, causing new record lows for CD rates [5] Group 3: Recent Developments - Following the pandemic, inflation prompted the Fed to hike rates 11 times between March 2022 and July 2023, resulting in higher APYs on savings products, including CDs [6] - As of September 2024, the Fed began cutting the federal funds rate, leading to a steady decline in CD rates from their peak, although they remain high by historical standards [7] Group 4: Understanding CD Rates - Traditionally, longer-term CDs offer 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 [8] - Factors to consider when choosing a CD include goals for locking away funds, type of financial institution, account terms, and inflation [9]

Core Insights - Today's CD rates are significantly higher than the national average, with the Federal Reserve reducing its target interest rate three times in 2025, indicating a potential last opportunity to secure high rates with certificates of deposit (CDs) [1] Group 1: Best CD Rates - As of January 26, 2026, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs for its 1-year CD [2] - The article provides a comparison of the best CD rates from verified partners, highlighting competitive offers in the market [2] Group 2: National Average CD Rates - The national average interest rate for CDs is 1.61% for a 1-year term, which is significantly lower than the best available rates [3] - Current average CD rates are among the highest seen in nearly two decades, primarily due to the Federal Reserve's actions to combat inflation by maintaining elevated interest rates [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 typically offer more competitive rates due to lower overhead costs, making them a preferred choice for higher interest rates on CDs [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]

Core Insights - The current highest CD rate is 4% APY, offered by Marcus by Goldman Sachs for a 1-year CD, highlighting the competitive nature of CD rates in the market [3] - CD rates have been declining due to the Federal Reserve's decision to cut its benchmark rate multiple times in late 2024 and into 2025, yet some banks continue to offer competitive rates [2] Group 1: CD Rates Overview - Today's CD rates vary significantly, with top rates reaching around 4% APY, particularly for shorter terms of one year or less [2] - National averages for CD rates are much lower than the top rates available, emphasizing the importance of comparing rates before opening an account [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 they are not-for-profit institutions that 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, making them a reliable option for locking in current rates [6] - However, there are drawbacks, such as penalties for early withdrawal and limited flexibility compared to high-yield savings accounts or money market accounts [7] - While current CD rates are high by historical standards, they may not provide sufficient growth for long-term savings goals like retirement [8]

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 Impact - The Federal Reserve has decreased the federal funds rate three times in late 2024 by a total of one percentage point, impacting CD rates indirectly [3][5] - As the Fed lowers its rates, financial institutions typically reduce their deposit interest rates, leading to a potential decline in CD rates [5] Group 3: Opening a CD - The process for opening a CD account includes researching competitive rates, choosing an account that meets financial needs, and preparing necessary documents [6] - Applicants can often complete the application online, and funding the account can be done through transfers or checks [6]

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% APY, with Marcus by Goldman Sachs providing the highest rate of 4% APY on its 1-year CD as of January 20, 2026 [2] - CDs generally offer significantly higher rates than traditional savings accounts, making them an attractive option for savers [2] Group 2: Historical Trends - CD rates were relatively high in the early 2000s but began to decline due to economic slowdowns and Federal Reserve rate cuts, with average one-year CDs at around 1% APY by 2009 [3] - The trend of falling CD rates continued into the 2010s, with average rates for 6-month CDs dropping to about 0.1% APY by 2013 [4] - A slight improvement in CD rates occurred between 2015 and 2018 as the Fed gradually increased rates, but the COVID-19 pandemic led to emergency rate cuts, causing new record lows in CD rates [5] Group 3: Recent Developments - Following the pandemic, inflation prompted the Fed to hike rates 11 times between March 2022 and July 2023, resulting in higher APYs on savings products, including CDs [6] - As of September 2024, the Fed began cutting the federal funds rate, leading to a steady decline in CD rates from their peak, although they remain high by historical standards [7] Group 4: Understanding CD Rates - Traditionally, longer-term CDs offered higher interest rates, but the current highest average CD rate is for a 12-month term, indicating a flattening or inversion of the yield curve [8] - 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 [9]

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's interest rate cuts in 2025, which may present a final opportunity to secure these elevated rates with certificates of deposit [1] Group 1: Best CD Rates - As of January 19, 2026, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs for a 1-year CD [2] - The competitive nature of CD rates is evident, with various financial institutions providing attractive offers [2] Group 2: National Average CD Rates - The national average CD rate for a 1-year term is currently at 1.63%, which is considerably lower than the best available rates [3] - The current average CD rates are among the highest seen in nearly two decades, primarily due to the Federal Reserve's strategy to combat inflation by maintaining elevated interest rates [3] Group 3: Finding the Best CD Rates - To secure the best CD rates, it is advisable to shop around and compare rates from multiple financial institutions [4] - Online banks typically offer more competitive rates due to lower overhead costs, making them a preferred option for consumers [4] - It is essential to check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies, to ensure alignment with financial goals [4]

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 hav ...

Find out which banks are offering the best CD rates right now. 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 where CD rates stand today and how to find the best rates available. Banks with the best CD rates today CD rates are relatively high compared to historical averages. That said, CD r ...

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 ...