Looking for the highest CD rates? Check out the top rates offered by banks today, with some reaching 4% APY for shorter terms. Marcus by Goldman Sachs leads the pack with a 4% APY on their 1-year CD. Compare these rates to the national average as of January 2026 to see the significant difference.

While national average CD rates are lower, online banks and credit unions offer competitive rates. Online banks have lower overhead costs, allowing them to offer higher interest rates on deposit accounts like CDs. Credit unions, as not-for-profit cooperatives, also provide good rates and are open to many.

Deciding whether to invest in a CD depends on your savings goals. CDs are safe, stable, and federally insured, but require keeping funds on deposit for the full term. If you need flexible access, consider high-yield savings or money market accounts. CDs may not provide the growth needed for long-term savings goals like retirement.

Read more at Yahoo Finance: Best CD rates today, January 30, 2026 (up to 4% APY return)