Today’s CD rates remain high due to the Federal Reserve cutting interest rates three times in 2024 and again in 2025. The highest CD rate as of December 29, 2025, is 4% APY offered by Marcus by Goldman Sachs. Online banks and credit unions typically offer better rates than traditional banks. The national average interest rate for a 1-year CD is 1.63%, but current rates are some of the highest in two decades. When opening a CD, consider the APY and term length that align with your financial goals. Shopping around and comparing rates from different institutions is key to finding the best CD for you. Online banks often provide the most competitive rates due to lower overhead costs. Be mindful of minimum deposit requirements and review account terms, including early withdrawal penalties, and auto-renewal policies.

Read more at Yahoo Finance: Best CD rates today, December 29, 2025 (Lock in up to 4% APY)