Lock in a high CD rate today for your savings to grow. Rates vary across financial institutions, so ensure you’re getting the best deal. Longer-term CDs historically offered higher rates, but the opposite is true in today’s economy. As of Jan. 11, 2026, the highest CD rate is 4% APY with Marcus by Goldman Sachs.

Your CD interest depends on the APY, which considers the base rate and how often interest compounds. With a 1-year CD at 1.63% APY and monthly compounding, a $1,000 deposit would grow to $1,016.42. Opting for a 4% APY CD instead would grow your balance to $1,040.74.

Depositing more in a CD means more earnings. With a 4% APY one-year CD and a $10,000 deposit, your balance at maturity would be $10,407.42. Consider different types of CDs like bump-up, no-penalty, jumbo, and brokered CDs for added benefits and flexibility beyond traditional options.

Read more at Yahoo Finance: Best CD rates today, January 11, 2026 (lock in up to 4% APY)