Find out how much you could earn by locking in a high CD rate today. The Federal Reserve cut its federal funds rate three times in 2025, making now a good time to secure a competitive CD rate before rates drop further. CD rates vary, so shop around for the best deal. The highest CD rate as of January 10, 2026, is 4% APY on a 1-year CD from Marcus by Goldman Sachs. Interest earned from a CD depends on the APY and how often interest compounds. A $1,000 deposit in a 1-year CD with 1.63% APY would grow to $1,016.42 in a year, while the same deposit with 4% APY would grow to $1,040.74. Depositing more in a CD means earning more interest. For example, a $10,000 deposit in a 1-year CD with 4% APY would yield $10,407.42 at maturity. When choosing a CD, consider factors beyond just the interest rate, such as different types of CDs like bump-up, no-penalty, jumbo, and brokered CDs that offer additional benefits but may come with trade-offs.

Read more at Yahoo Finance: Best CD rates today, January 10, 2026 (best account provides 4% APY)