Today’s CD rates remain above the national average after Federal Reserve interest rate cuts in 2024. Lock in high rates now with a certificate of deposit. The highest CD rate is 4.40% APY from Marcus by Goldman Sachs on a 6-month CD. Online banks and credit unions offer more competitive rates than traditional banks.

National average interest rate for 1-year CDs is 1.76%, with today’s rates among the highest in two decades due to Federal Reserve efforts to combat inflation. When opening a CD, choose one with a high APY and suitable term length. Shop around, consider online banks, and check minimum deposit requirements for the best rates.

Evaluate CD rates from various financial institutions before choosing an account. Online banks offer competitive rates due to lower overhead costs. Some CDs have higher minimum deposit requirements, so ensure your deposit aligns with the requirements for the best rate. Review terms for early withdrawal penalties and auto-renewal policies, including options like no-penalty CDs for flexibility.

Read more at Yahoo Finance: Best CD rates today, September 8, 2025 (Lock in up to 4.40% APY)