Looking for the best CD rates? Rates vary, but as of November 27, 2025, the highest rate is 4.1% APY offered by Marcus by Goldman Sachs and Sallie Mae. CD rates have been on the decline since the Fed started cutting its target rate last year. Now might be a good time to lock in rates.

The Federal Reserve has lowered its target rate three times in late 2024 by a total of one percentage point. The Fed announced its second rate cut of 2025 in October, with more cuts possibly on the way. While the federal funds rate doesn’t directly impact deposit interest rates, they are correlated, so CD rates are starting to fall again.

To open a CD account, research rates, choose an account that meets your needs, gather necessary documents, complete the application, and fund the account. Consider factors like interest rates, term lengths, and minimum deposits. Be aware of early withdrawal penalties and have your documents ready for a smooth application process.

Read more at Yahoo Finance: Best CD rates today, November 27, 2025 (lock in up to 4.1% APY)