Find out how much you could earn with a high CD rate today. Rates vary widely, so it’s crucial to shop around for the best offers. Longer-term CDs used to offer higher rates, but now the opposite is true. The highest CD rate as of January 4, 2026, is 4.1% APY on an 8-month CD with LendingClub.

The amount of interest you earn on a CD depends on the annual percentage rate (APY). For example, investing $1,000 in a one-year CD with 1.63% APY and monthly compounding interest would result in a balance of $1,016.42 at the end of the year. Choosing a one-year CD with 4% APY would yield a balance of $1,040.74.

The more you deposit in a CD, the more you can earn in interest. For instance, depositing $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42 when the CD matures. When choosing a CD, consider factors beyond interest rates such as different types of CDs like bump-up, no-penalty, jumbo, and brokered CDs.

Read more at Yahoo Finance: Best CD rates today, January 4, 2026 (lock in up to 4.1% APY)