Current CD rates are still well above the national average. The Federal Reserve cut its target interest rate three times in 2024 and recently announced its third rate cut in 2025. This has a ripple effect on deposit account rates, meaning 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 deals.

After December 29, 2025, the highest CD rate is 4% APY. This rate is offered by Marcus by Goldman Sachs on their 1-year CD.

Here’s a look at some of the best CD rates available today from our verified partners.

If you’re considering a CD, these rates are some of the highest available, especially compared to national average rates, which are significantly lower. Also worth noting online banks i credit cooperatives they generally offer more competitive rates compared to traditional brick and mortar banks.

Read more: What is a good CD rate?

Below is the average CD rate by term as of December 2025 (the most recent data available from FDIC):

The highest national average interest rate for CDs is 1.63% for a 1-year term. However, overall, today’s average CD rates represent some of the highest seen in nearly two decades, largely due to the Federal Reserve’s efforts to fight inflation by keeping interest rates high.

If you are thinking open a CDit’s important to choose one with a high APY and a term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts to suit your needs:

• Buy: It’s a good idea to evaluate CD rates from several financial institutions and compare your options before closing an account. You can easily compare CD rates online.

• Consider online banking: Online banks tend to have lower overhead costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates available.

• Check the minimum deposit requirements: Higher CD rates may lead to higher minimum deposit requirements, so make sure the amount you want to deposit aligns with the requirements to get the best rate.

• Review the account terms and conditions: Beyond the CD fee, see terms for early withdrawal penalties and auto-renewal policies. Some CDs offer better conditions for flexibility, such as CD without penaltywhich allow you to withdraw your funds without commission before the due date.