Today’s CD rates are still above the national average due to the Federal Reserve’s interest rate reductions in 2024. Consider locking in high rates with a certificate of deposit now. The highest CD rate as of September 15, 2025, is 4.45% APY offered by LendingClub on an 8-month CD.

Some of the best CD rates are available today. Online banks and credit unions typically offer more competitive rates compared to traditional banks. The highest national average interest rate for a 1-year CD is 1.76%, but current rates are among the highest in nearly two decades due to the Fed’s efforts to combat inflation.

When opening a CD, choose one with a high APY and term length that aligns with your financial goals. Shop around, consider online banks for competitive rates, check minimum deposit requirements, and review account terms for penalties and flexibility, such as no-penalty CDs.

Read more at Yahoo Finance: Best CD rates today, September 15, 2025 (Lock in up to 4.45% APY)