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 ...

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 January 18, 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 1.63% APY results in a total balance of $1,016.42 after one year, yielding $16.42 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 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 - 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 January 11, 2026, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs for a 1-year CD [2] - The interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and the frequency of interest compounding [3] Group 2: Interest Earnings Examples - Investing $1,000 in a one-year CD with 1.63% APY results in a total balance of $1,016.42 after one year, yielding $16.42 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 higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference 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 its federal funds rate three times in 2024 and three times in 2025, indicating a potential decline in competitive CD rates in the 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] CD Rates Overview - As of January 3, 2026, the highest CD rate available is 4.1% APY from LendingClub for an 8-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 1.63% APY would yield a total balance of $1,016.42 after one year, with $16.42 earned in interest [3] - Conversely, a one-year CD at 4% APY would grow the balance to $1,040.74, resulting in $40.74 in interest [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 liquidity [4] - Jumbo CDs require higher minimum deposits (typically $100,000 or more) and may offer higher interest rates, though the difference may be minimal in the current environment [4] - Brokered CDs are purchased through brokerages and may offer higher rates or flexible terms but carry additional risks and may not be FDIC-insured [4]

Group 1 - The highest CD rate available as of December 28, 2025, is 4.1% APY, offered by Sallie Mae Bank on its 15-month CD and Synchrony Bank on its 9-month CD [2] - Historically, longer-term CDs offered higher interest rates, but currently, shorter-term CDs are providing better rates due to the economic climate [2] - The interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and the frequency of compounding [3] Group 2 - An investment of $1,000 in a one-year CD with 1.63% APY would yield a total balance of $1,016.42 after one year, while a 4% APY would result in a balance of $1,040.74 [4] - A deposit of $10,000 in a one-year CD at 4% APY would grow to $10,407.42, earning $407.42 in interest [5] - Different types of CDs include Bump-up CDs, No-penalty CDs, Jumbo CDs, and Brokered CDs, each offering unique benefits and varying interest rates [5]

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 highest CD rates currently available are around 4.1% APY, primarily offered by online banks and credit unions for shorter terms [3] CD Rates Overview - As of December 20, 2025, the best CD rates are 4.1% APY from Sallie Mae Bank for a 15-month CD and LendingClub Bank for an 8-month CD [3] - The interest earned from a CD is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Interest Earnings Examples - A $1,000 investment in a one-year CD at 1.63% APY would yield a total of $1,016.42 after one year, while a 4% APY would result in $1,040.74 [4] - Increasing the deposit to $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42, 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 flexibility [5] - Jumbo CDs require a higher minimum deposit (typically $100,000 or more) and may offer higher interest rates, though the difference may be minimal in the current environment [5] - 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 [5]

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 November 30, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs on a 14-month CD and Sallie Mae on a 15-month 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 the frequency of interest compounding [3] Group 2: Interest Earnings Examples - Investing $1,000 in a one-year CD with 1.7% APY results in a total balance of $1,017.13 after one year, with $17.13 earned in interest [4] - A one-year CD with 4% APY would grow the same $1,000 investment to $1,040.74, yielding $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] 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 of funds without incurring a penalty [5] - Jumbo CDs require a higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference 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 more risk and may not be FDIC-insured [5]

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 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 November 23, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs on a 14-month 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 - An investment of $1,000 in a one-year CD with 1.7% APY would yield a total balance of $1,017.13 after one year, including $17.13 in interest [4] - If the same $1,000 is invested in a one-year CD with 4% APY, the total balance would grow to $1,040.74, resulting in $40.74 in interest [4] - Increasing the deposit to $10,000 in a one-year CD at 4% APY would result in a total balance of $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 flexibility [5] - Jumbo CDs require a higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference 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 more risk and may not be FDIC-insured [5]

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 November 16, 2025, the highest CD rate available is 4.1% APY, offered by Marcus by Goldman Sachs on a 14-month CD, Sallie Mae on a 15-month CD, and Synchrony on a 9-month 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 the frequency of interest compounding [3] Group 2: Interest Earnings Examples - Investing $1,000 in a one-year CD with 1.7% APY results in a total balance of $1,017.13 after one year, while a 4% APY would yield a balance of $1,040.74 [4] - A deposit of $10,000 in a one-year CD at 4% APY would grow 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 higher minimum deposit, typically $100,000 or more, and may offer higher interest rates, though the difference 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 more risk and may not be FDIC-insured [5]