Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced a second rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The best CD rates are currently found in shorter terms, particularly from online banks and credit unions, with the highest rate at 4.1% APY as of November 29, 2025 [3] CD Rates Overview - The highest CD rates are typically offered for terms of one year or less, with online banks and credit unions leading in competitive rates [3] - As of November 29, 2025, Marcus by Goldman Sachs and Sallie Mae offer the highest CD rates at 4.1% APY for their respective 14-month and 15-month CDs [3] Interest Earnings - 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] - For example, a $1,000 investment in a one-year CD at 1.70% APY would yield $17.13 in interest, while a 4% APY would yield $40.74 [4] Deposit Impact - The amount deposited in a CD significantly affects the total interest earned; a $10,000 deposit in a one-year CD at 4% APY would result in $407.42 in interest [5] Types of CDs - Various types of CDs offer different benefits, including: - Bump-up CD: Allows for a one-time rate increase if bank rates rise during the term [5] - No-penalty CD: Enables early withdrawal without penalties [5] - Jumbo CD: Requires a higher minimum deposit (usually $100,000 or more) and may offer higher rates [5] - Brokered CD: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [5]

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced its first rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The highest CD rate available as of November 1, 2025, is 4.1% APY offered by Marcus by Goldman Sachs for a 14-month CD, with shorter-term CDs generally providing the best rates [2] - The interest earned from a CD is influenced by the annual percentage rate (APY) and the frequency of interest compounding, with examples illustrating the difference in earnings based on varying APYs [3] CD Rates Overview - Best CD rates are currently found in shorter terms of around one year or less, particularly from online banks and credit unions [2] - A $1,000 investment in a one-year CD at 1.70% APY would yield a total of $1,017.13 after one year, while a 4% APY would result in $1,040.74 [3] - Increasing the deposit amount significantly boosts potential earnings, as a $10,000 investment at 4% APY would grow to $10,407.42 [4] Types of CDs - Various types of CDs offer different benefits, including Bump-up CDs, No-penalty CDs, Jumbo CDs, and Brokered CDs, each with unique features and potential trade-offs in interest rates [4] - Bump-up CDs allow for a one-time request for a higher interest rate if rates increase during the term [4] - No-penalty CDs permit early withdrawal without penalties, while Jumbo CDs require higher minimum deposits and may offer slightly better rates [4]

Core Insights - The Federal Reserve has cut its federal funds rate three times in 2024 and announced its first rate cut for 2025, indicating a potential decline in competitive CD rates in the near future [1] - The best CD rates are currently found in shorter terms, particularly from online banks and credit unions, with the highest rate at 4.25% APY as of October 18, 2025 [2] CD Rates Overview - The highest CD rate available today is 4.25% APY, offered by LendingClub for an 8-month CD and by United Fidelity Bank for 10- and 18-month CDs [2] - 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 [2] Interest Earnings Example - An investment of $1,000 in a one-year CD at 1.70% APY would yield a total balance of $1,017.13, while a one-year CD at 4% APY would grow to $1,040.74 [3] Deposit Impact on Earnings - 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 [4] 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 [4] - No-penalty CDs permit early withdrawal without penalties, providing more flexibility [4] - 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 [4] - Brokered CDs are purchased through a brokerage and may offer higher rates or flexible terms but carry more risk and may not be FDIC-insured [4]

Before today, the nation-leading CD rate was 4.60%. That offer is no longer, but savers can still lock in at least 4.50% in terms ranging from 6 months to 21 months. https://t.co/HgTGUaOJQy ...