Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2024 and recently announced its first rate cut of 2025. This has a ripple effect on deposit account rates, which means now could be your last chance to lock in today's high rates with a certificate of deposit (CD). Here’s a look at today’s best CD rates and where you can find the best offers. Best CD rates today As of November 3, 2025, the highest CD rate is 4.1% APY. This rat ...

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 ...

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 ...

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 rates currently available are around 4.1% APY, primarily offered by online banks and credit unions for shorter terms [2] CD Rates Overview - As of October 25, 2025, the best CD rates are 4.1% APY, available from Marcus by Goldman Sachs (14-month CD), Sallie Mae (15-month CD), and Synchrony (6-month CD) [2] - 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 [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 after one year, while a 4% APY would result in a balance of $1,040.74 [3] Deposit Impact on Earnings - A deposit of $10,000 in a one-year CD at 4% APY would grow to $10,407.42 at maturity, resulting in $407.42 in interest earned [4] Types of CDs - Various types of CDs offer different benefits, including: - **Bump-up CD**: Allows for a one-time request to increase the interest rate if rates rise during the term [4] - **No-penalty CD**: Enables early withdrawal without penalties [4] - **Jumbo CD**: Requires a higher minimum deposit (typically $100,000 or more) and may offer higher rates [4] - **Brokered CD**: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [4]

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 in September 2025, yet some banks still offer competitive rates reaching about 4% APY, particularly for shorter terms [2][3] Group 1: CD Rates Overview - As of October 24, 2025, the highest CD rate is 4.1% APY, offered by Marcus by Goldman Sachs (14-month CD), Sallie Mae (15-month CD), and Synchrony (6-month 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 membership requirements may vary [5] Group 3: Considerations for Opening a CD - CDs are a safe and stable savings vehicle, backed by federal insurance, allowing customers to lock 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 provide sufficient growth for long-term savings goals compared to market investments [8]

Core Insights - Current CD rates are beginning to decline due to the Federal Reserve's decision to cut its benchmark rate three times in late 2024 and a recent cut in September 2025, although some banks still offer competitive rates around 4% APY for shorter terms [2][3] Group 1: Current CD Rates - The highest CD rate as of October 17, 2025, is 4.25% APY, offered by LendingClub on its 8-month CD and United Fidelity Bank on its 10- and 18-month CDs [3] - National averages for CD rates are significantly lower than the top rates available, emphasizing the importance of comparing options 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 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 customers to lock in current rates [6] - There are drawbacks, such as penalties for early withdrawal and limited access to funds during the term, which may make high-yield savings accounts or money market accounts more suitable for those needing flexibility [7] - While current CD rates are high by historical standards, they may not provide sufficient growth for long-term savings goals compared to market investments [8]

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's recent interest rate cuts [1][3] - The highest CD rate currently available is 4.4% APY, offered by LendingClub for an 8-month term [2] - National average CD rates are at 1.70% for a 1-year term, marking some of the highest rates seen in nearly two decades due to the Fed's inflation control measures [3] Best CD Rates - As of October 13, 2025, the top CD rate is 4.4% APY from LendingClub [2] - Online banks and credit unions typically provide more competitive rates compared to traditional banks [3] Finding the Best CD Rates - It is advisable to shop around and compare CD rates from various financial institutions [4] - Online banks often offer higher interest rates due to lower overhead costs [4] - Consider minimum deposit requirements and review account terms for flexibility, such as no-penalty CDs [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 highest CD rate available as of October 11, 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, 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, while a 4% APY would result in $1,040.74 [3] Deposit Impact - The amount deposited in a CD directly affects the total interest earned; for instance, a $10,000 deposit in a one-year CD at 4% APY would grow to $10,407.42, earning $407.42 in interest [4] Types of CDs - Various types of CDs offer different benefits, including: - Bump-up CD: Allows for a one-time request for a higher interest rate if rates increase during the term [4] - No-penalty CD: Enables early withdrawal without penalties [4] - Jumbo CD: Requires a higher minimum deposit (typically $100,000 or more) and may offer higher rates [4] - Brokered CD: Purchased through a brokerage, potentially offering higher rates but with increased risk and possible lack of FDIC insurance [4]

Group 1 - The current highest CD rate is 4.25% APY offered by LendingClub for an 8-month CD as of October 10, 2025 [3] - CD rates are generally declining due to the Federal Reserve's decision to cut its benchmark rate three times in late 2024 and a recent cut in September 2025, although some banks still offer competitive rates reaching about 4% APY for shorter terms [2][3] - National averages for CD rates are significantly lower than the top rates available, emphasizing the importance of comparing rates before opening an account [3] Group 2 - 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 that return profits to their members, although some have strict membership requirements [5] Group 3 - CDs are considered a safe and stable savings vehicle, backed by federal insurance, and allow customers to lock in current rates [6] - There are drawbacks to consider, 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 compared to market investments [8]

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 around one year or less, with online banks and credit unions leading in offering competitive rates [2] Summary of CD Rates - As of October 4, 2025, the highest CD rate available is 4.10% APY from Marcus by Goldman Sachs for a 14-month CD [2] - 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 [2] Interest Earnings Examples - An investment of $1,000 in a one-year CD at 1.70% APY would yield a total balance of $1,017.13 after one year, with $17.13 earned in interest [3] - Conversely, a one-year CD at 4% APY would grow the same $1,000 investment to $1,040.74, resulting in $40.74 in interest [3] Impact of Deposit Amount - 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 liquidity [4] - Jumbo CDs require higher minimum deposits (typically $100,000 or more) and may offer higher interest rates, though the difference from traditional CDs may be minimal in the current environment [4] - Brokered CDs are purchased through brokerages and may offer higher rates or flexible terms, but they carry additional risks and may not be FDIC-insured [4]