Today’s CD rates remain higher than the national average, with the Federal Reserve cutting interest rates in 2024 and announcing the first rate cut of 2025. The highest CD rate as of November 3, 2025, is 4.1% APY offered by Marcus by Goldman Sachs on a 14-month CD with a $500 minimum opening deposit. Online banks and credit unions typically offer more competitive rates than traditional banks. The national average interest rate for a 1-year CD is 1.68%, but current rates are some of the highest in nearly two decades due to efforts to combat inflation. When opening a CD, compare rates, consider online banks for better rates, check minimum deposit requirements, and review account terms for flexibility.

Read more at Yahoo Finance: Best CD rates today, November 3, 2025 (Lock in up to 4.1% APY)