Lock in a high CD rate today to help your savings grow. Rates vary among financial institutions, so compare to find the best offer. Longer-term CDs historically had higher rates, but now, the highest rate as of January 18, 2026, is 4% APY on a 1-year CD from Marcus by Goldman Sachs.

Your CD interest earnings depend on the APY, which considers the base rate and compounding frequency. For example, a $1,000 deposit in a 1-year CD with 1.63% APY and monthly compounding would yield $16.42 in interest. With a 4% APY, you’d earn $40.74 on the same deposit.

Deposit more in a CD to earn more interest. For instance, a $10,000 deposit in a 1-year CD at 4% APY would yield $407.42 in interest when the CD matures. Consider factors beyond the interest rate when choosing a CD, such as the CD type, to maximize your savings.

Read more at Yahoo Finance: Best CD rates today, January 18, 2026 (lock in up to 4% APY)