Today’s CD rates are still above the national average due to the Federal Reserve’s interest rate cuts. Lock in high rates with a certificate of deposit (CD) now. The highest CD rate is 4.1% APY offered by LendingClub and Sallie Mae Bank. Online banks and credit unions offer competitive rates compared to traditional banks.

The average national CD interest rate is 1.63% for a 1-year term. Today’s rates are some of the highest in nearly two decades. When opening a CD, choose one with a high APY and matching term length. Shop around, consider online banks, check minimum deposit requirements, and review account terms for the best rate and terms.

Read more at Yahoo Finance: Best CD rates today, January 5, 2026 (Lock in up to 4.1% APY)