Lock in a high CD rate today to grow your savings. Rates vary across institutions, so shop around for the best offer. Longer-term CDs no longer offer higher rates due to the current economic climate. The highest CD rate as of December 28, 2025 is 4.1% APY offered by Sallie Mae Bank and Synchrony Bank. The amount of interest earned from a CD depends on the annual percentage rate (APY). For example, a $1,000 investment in a one-year CD with 1.63% APY and monthly compounding interest would yield $16.42 in interest. If the same investment had a 4% APY, the interest earned would be $40.74. The more you deposit in a CD, the more you stand to earn. For example, a $10,000 investment in a one-year CD with 4% APY would yield $407.42 in interest. Consider different types of CDs beyond traditional ones, such as bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs, to find the best option for your financial goals.

Read more at Yahoo Finance: Best CD rates today, December 28, 2025 (lock in up to 4.1% APY)