Today, CD rates remain above the national average as the Federal Reserve has cut interest rates three times in 2024. The highest CD rate as of December 22, 2025, is 4.1% APY offered by Sallie Mae Bank and LendingClub Bank. Online banks and credit unions generally offer more competitive rates.

The national average interest rate for a 1-year CD stands at 1.63%, with today’s rates being some of the highest in nearly two decades due to the Federal Reserve’s efforts. When opening a CD, it’s crucial to choose one with a high APY and term length that aligns with your financial goals.

To find the best CD rates, shop around and compare options from various financial institutions. Consider online banks for competitive rates and check minimum deposit requirements. Review account terms for details on early withdrawal penalties and auto-renewal policies, including options like no-penalty CDs for flexibility.

Read more at Yahoo Finance: Best CD rates today, December 22, 2025 (Lock in up to 4.1% APY)