Looking for the best CD rates? CD rates vary widely, but some banks still offer competitive rates, with the highest at 4% APY for a 1-year CD. Compare these rates to national averages, which are much lower. Consider online banks and credit unions for better rates and lower fees.

CDs are secure savings options with federal insurance, but require full term deposits. Consider high-yield savings or money market accounts for more flexibility. While CD rates are historically high, they don’t match market returns for long-term growth. Choose the savings vehicle that aligns with your financial goals.

Read more at Yahoo Finance: Best CD rates today, January 16, 2026 (up to 4% APY return)