Lock in a high CD rate before they fall further. Check out the best rates available today, typically offered on shorter terms by online banks and credit unions. The highest rate as of November 1, 2025 is 4.1% APY from Marcus by Goldman Sachs on a 14-month CD.

The amount of interest earned on a CD depends on the annual percentage rate (APY) and how often interest compounds. For example, a $1,000 one-year CD with 1.70% APY and monthly compounding would yield $17.13 in interest, while a 4% APY CD would yield $40.74.

Deposit amount matters in CD earnings. For a $10,000 one-year CD at 4% APY, your balance would grow to $10,407.42, earning $407.42 in interest upon maturity. Consider different types of CDs beyond traditional ones for added benefits like flexibility or higher rates.

Explore options like Bump-up CDs to request a higher rate, No-penalty CDs for withdrawals without penalties, Jumbo CDs for higher minimum deposits and potentially higher rates, and Brokered CDs for higher rates or more flexible terms purchased through a brokerage.

Read more at Yahoo Finance: Best CD rates today, November 1, 2025 (best account provides 4.1% APY)