Today’s CD rates are still above the national average, with the highest rate at 4% APY offered by Marcus by Goldman Sachs. Online banks and credit unions typically offer more competitive rates compared to traditional banks. The national average interest rate for a 1-year term is 1.55%, but current rates are some of the highest in nearly two decades due to the Federal Reserve’s efforts to combat inflation. When opening a CD, it’s important to choose one with a high APY and matching term length. Shopping around, considering online banks, checking minimum deposit requirements, and reviewing account terms are essential steps in finding the best CD rates.

Read more at Yahoo Finance: Best CD rates today, February 23, 2026 (Lock in up to 4% APY)