Looking for the best CD rates? Today’s rates vary, with some banks still offering competitive rates despite recent declines due to Fed rate cuts. Top rates can reach up to 4% APY for shorter terms. As of December 5, 2025, the highest CD rate is 4.1% APY offered by Marcus by Goldman Sachs on a 14-month CD.

Compared to national averages, today’s top CD rates are much higher, emphasizing the importance of shopping around before opening an account. Online banks and credit unions often offer the best rates due to lower overhead costs. CDs are safe and stable but require locking in funds for the full term.

Consider your savings goals before investing in a CD, as early withdrawal penalties apply. For long-term growth, consider other options like investing in the market. Determine whether a CD or high-yield savings account is best for reaching your financial goals.

Read more at Yahoo Finance: Best CD rates today, December 5, 2025 (up to 4.1% APY return)