See which banks are currently paying the highest CD rates. If you are looking for a safe place to store your savings, a certificate of deposit (CD) can be a good choice. These accounts typically offer 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 them High performance CD with the best rates available.

Today’s CD rates vary quite a bit. Overall, however, CD rates have been declining for quite some time due to the Fed’s decision to cut its benchmark rate three times by the end of 2024 and its three additional rate cuts in 2025. Even so, some banks are still offering competitive CD rates.

For those that are, top rates come in around 4% APY. This is especially true for shorter terms of a year or less.

Today, the highest CD rate is 4% APY. This rate offers it Marcus from Goldman Sachs on your 1 year CD.

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

Compare these rates with the national average as of January 2026 (the most recent data available from FDIC):

Compared to today’s best CD rates, the national averages are much lower. This highlights the importance of shopping for the best CD rates early open an account.

Online banks i neobanks they are financial entities that operate solely through the web. This means they have lower overhead costs than traditional brick and mortar banks. As a result, they can pass those savings on to their customers in the form of higher interest rates on deposit accounts (including CDs) and lower fees. If you’re looking for the best CD rates available today, an online bank is a good place to start.

However, online banks aren’t the only financial institutions that offer competitive CD rates. It’s also worth checking out credit cooperatives. As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also owner partners. While many credit unions have strict membership requirements that are limited to those who belong to certain associations or work or live in certain areas, there are also several credit unions that almost anyone can join.

Whether or not you should put your money in a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle: they don’t waste money (in most cases), they’re backed by federal insurance and allow you to lock in the best current rates.

However, there are some drawbacks to be aware of. First, you must keep your money on deposit throughout the term, otherwise you will be subject to an early withdrawal penalty. If you want flexible access to your funds, a high yield savings account or money market account may be a better option.

Also, while current CD rates are high by historical standards, they don’t match the returns you could get by investing your money in the market. If you’re saving for a long-term goal, such as retirement, a CD won’t provide the growth you need to reach your savings goal in a reasonable amount of time.

Read more: Short-Term or Long-Term CDs: Which Is Best for You?