- Personal Finance
- Banking
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
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 beginning to decline due to the Fed’s decision to cut its benchmark rate three times in the later part of 2024 and its most recent rate cut in October 2025. Even so, some banks are still offering competitive CD rates.
For those that are, top rates reach about 4% APY. This is especially true for shorter terms of one year or less.
As of November 28, 2025, the highest CD rate is 4.1% APY. This rate is offered by Marcus by Goldman Sachs on its 14-month CD and Sallie Mae on its 15-month CD.
Here is a look at some of the best CD rates available today from our verified partners:
Compare these rates to the national average as of October 2025 (the most recent data available from the FDIC):
Compared with today’s top CD rates, national averages are much lower. This highlights the importance of shopping around for the best CD rates before opening an account.
Why do online banks have the best CD rates?
Online banks and neobanks are financial institutions that operate solely via the web. That means they have lower overhead costs than traditional brick and mortar banks. As a result, they’re able to 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 great place to start.
However, online banks aren’t the only financial institutions offering competitive CD rates. It’s also worth checking with credit unions. As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also member-owners. Although 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 just about anyone can join.
Should you open a CD?
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 lose money (in most cases), are backed by federal insurance, and allow you to lock in today’s best rates.
However, there are some drawbacks to consider. First, you must keep your money on deposit for the full term, otherwise you’ll be subject to an early withdrawal penalty. If you want flexible access to your funds, a high-yield savings account or money market account might be a better choice.
Additionally, although today’s CD rates are high by historical standards, they don’t match the returns you could achieve 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 within a reasonable time frame.
Read more: Short- or long-term CD: Which is best for you?
Read more
The best CD rates on the market right now: Earn up to 4.1% APY
We identified the best CD rates and accounts available today based on interest rates, fees, and more. See our top picks across 6-month, 1-year, and 18-month terms.
These are the best promotional CD rates available today (up to 4.75% APY)
Want to earn more on your savings? Consider a promotional CD. Here's a look at the best limited-time CD rates available now.
Is a certificate of deposit (CD) still a good investment?
Is a certificate of deposit a good investment right now? That depends on your timeline and goals. Learn more about whether now is a good time to invest in CDs.
These 8 banks offer CDs with no minimum deposit requirement
CD minimum deposit requiements can make it tough for new savers to open an account. But some CDs have no minimum deposit. Here are eight options to consider.
Are CD rates going up or down in 2025?
Are CD rates expected to go up or down this year? Here’s what could happen, according to experts.
Understanding CD renewal: Should you roll over a maturing CD?
What does it mean to renew a CD? And should you? Here’s what you need to know about CD renewals or rollovers.
