Lock in a high CD rate before rates fall further. Compare offers from different financial institutions. The best rates are typically on shorter terms, with online banks and credit unions offering top rates. Sallie Mae Bank and LendingClub Bank offer the highest rates, up to 4.1% APY.

Your earnings from a CD depend on the annual percentage rate (APY) and compounding frequency. A $1,000 deposit with 1.63% APY compounded monthly would grow to $1,016.42 in a year. Opting for a 4% APY CD would yield $1,040.74. Deposit more for higher earnings.

Consider different types of CDs beyond traditional ones for added benefits. Bump-up CDs let you request a higher rate once, while no-penalty CDs allow early withdrawals. Jumbo CDs require a higher deposit for potentially higher rates. Brokered CDs, bought through a brokerage, may offer higher rates but come with more risk.

Read more at Yahoo Finance: Best CD rates today, December 20, 2025 (best account provides 4.1% APY)