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 average one-year CD rates fell to around 1% APY by 2009, with five-year CDs at less than 2% APY following the 2008 financial crisis [2] - By 2013, average rates on 6-month CDs dropped to about 0.1% APY, while 5-year CDs returned an average of 0.8% APY due to the Federal Reserve's policies [3] Group 2: Historical Context - Between 2015 and 2018, the Federal Reserve'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, causing CD rates to fall to new record lows [4] - Following the pandemic, inflation led the Fed to hike rates 11 times between March 2022 and July 2023, resulting in higher APYs on savings products, including CDs [5] Group 3: Future Trends - 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 [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] Group 4: Choosing the Best CD - When selecting 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]

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 [1] Group 1: Best CD Rates - As of February 9, 2026, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs for a 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 CD rate for a 1-year term is 1.61% as of January 2026, 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 strategy to combat inflation by maintaining elevated interest rates [3] Group 3: Finding the Best CD Rates - To find the best CD rates, it is advisable to shop around and compare rates from various financial institutions, especially online banks that typically offer more competitive rates due to lower overhead costs [4] - It is important to check minimum deposit requirements, as higher rates may necessitate larger initial deposits [4] - Reviewing account terms and conditions is crucial, including early withdrawal penalties and auto-renewal policies, with some CDs offering no-penalty options for greater flexibility [4]

Core Insights - The current economic climate has led to shorter-term CDs offering higher interest rates compared to longer-term CDs, which is a reversal of historical trends [2] Group 1: CD Rates Overview - As of February 8, 2026, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs for a 1-year CD [2] - The amount of interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Group 2: Interest Earnings Examples - Investing $1,000 in a one-year CD with 1.61% APY results in a total balance of $1,016.22 after one year, yielding $16.22 in interest [4] - A one-year CD with 4% APY would grow a $1,000 investment to $1,040.74, resulting in $40.74 in interest [4] - A $10,000 deposit in a one-year CD at 4% APY would mature to $10,407.42, earning $407.42 in interest [5] Group 3: 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 minimum deposit of $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 - The Federal Reserve has cut the federal funds rate three times in 2025, making it a critical time for investors to lock in competitive CD rates before potential further declines [1] - The highest CD rate currently available is 4% APY, offered by Marcus by Goldman Sachs for a one-year CD as of February 7, 2026 [2] CD Rates Overview - Best CD rates are generally found in shorter terms of around one year or less, with online banks and credit unions leading in competitive offers [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 1.61% APY would yield a total balance of $1,016.22 after one year, including $16.22 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] Deposit Impact on Earnings - Increasing the deposit amount in a CD significantly enhances potential earnings; for example, a $10,000 deposit in a one-year CD at 4% APY would result in a total balance of $10,407.42, yielding $407.42 in interest [4] Types of CDs - Various types of CDs offer different benefits, which may include: - **Bump-up CD**: Allows for a one-time request to increase the interest rate if the bank's rates rise during the term [4] - **No-penalty CD**: Provides the option to withdraw funds before maturity without incurring a penalty [4] - **Jumbo CD**: Requires 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 [4] - **Brokered CD**: Purchased through a brokerage, potentially offering higher rates or flexible terms, but may carry more risk and lack FDIC insurance [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 ...

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 the highest rate at 4% APY from Marcus by Goldman Sachs for a 1-year term, requiring a minimum deposit of $500 [2] - CD rates today are significantly higher than traditional savings accounts, indicating a favorable environment for investors seeking fixed returns [2] Group 2: Historical Context - CD rates experienced a decline following the 2008 financial crisis, with average one-year CDs paying around 1% APY by 2009 and five-year CDs at less than 2% APY [3] - The trend of falling CD rates continued into the 2010s, with average rates on 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 Federal Reserve began increasing rates, but the COVID-19 pandemic led to emergency rate cuts, causing new record lows [5] Group 3: Recent Developments - Following the pandemic, inflation prompted the Federal Reserve 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 Federal Reserve started 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 the current 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 considerations [9]

Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 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 February 2, 2026, the highest CD rate is 4% APY. This rate is offered by Marcus by Goldman Sachs on its 1-yea ...

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 ...

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 ...