The Federal Reserve recently announced its second rate cut of 2025, making it a good time to lock in a competitive CD rate before rates fall further. CD rates vary, with the highest rate currently at 4.1% APY offered by Marcus by Goldman Sachs on a 14-month CD. Interest earned on a CD depends on the APY and how often interest compounds. For example, a $1,000 investment in a one-year CD with 4% APY would grow to $1,040.74. The more you deposit, the more you stand to earn, as seen with a $10,000 deposit earning $407.42 in interest. Different types of CDs offer unique benefits, such as Bump-up CDs, No-penalty CDs, Jumbo CDs, and Brokered CDs, each with varying advantages and considerations.

Read more at Yahoo Finance: Best CD rates today, November 22, 2025 (best account provides 4.1% APY)