Today’s CD rates are still above the national average, with the Federal Reserve having reduced its target interest rate three times in 2025. This could be your last chance to lock in high rates with a certificate of deposit (CD). The highest CD rate as of January 12, 2026, is 4% APY from Marcus by Goldman Sachs on a 1-year CD. Online banks and credit unions generally offer more competitive rates than traditional banks. The national average interest rate for a 1-year CD is 1.63%, but today’s rates are some of the highest in nearly two decades due to the Federal Reserve’s actions against inflation. When opening a CD, consider factors such as APY, term length, minimum deposit requirements, and account terms. Shopping around, considering online banks, and reviewing account terms can help you find the best CD rates and accounts that match your needs.

Read more at Yahoo Finance: Best CD rates today, January 12, 2026 (Lock in up to 4% APY)