Looking for the best CD rates? Check out banks offering competitive rates for certificates of deposit. Rates are relatively high compared to historical averages, with some institutions offering 4% APY and up. The Federal Reserve’s rate cuts have impacted CD rates, making now a good time to lock in favorable rates.

As of November 6, 2025, the highest CD rate is 4.1% APY offered by Marcus by Goldman Sachs, Sallie Mae, and Synchrony. The Fed’s recent rate cuts could lead to further decreases in CD rates. Research and compare CD rates online to find the best options that suit your financial needs and goals.

The Federal Reserve has cut its target rate three times in 2024 by a total of one percentage point. Additional cuts could be on the horizon, influencing deposit interest rates. Financial institutions typically adjust their rates based on the Fed’s decisions, making it important to monitor CD rates for the best deals.

To open a CD account, research rates, choose an account that fits your needs, prepare necessary documents, complete the application, and fund the account. Ensure the CD’s term length, deposit requirements, and fees align with your financial goals. Online applications make the process quick and easy for potential CD investors.

Read more at Yahoo Finance: Best CD rates today, November 13, 2025 (lock in up to 4.1% APY)