Today’s CD rates remain higher than the national average, with the Federal Reserve cutting interest rates in 2025. Consider locking in high rates with a certificate of deposit (CD). The highest rate as of February 2, 2026, is 4% APY from Marcus by Goldman Sachs for a 1-year CD.

Online banks and credit unions typically offer more competitive CD rates compared to traditional banks. The national average interest rate for a 1-year CD is 1.61%, but current rates are among the highest in nearly two decades due to the Federal Reserve’s actions against inflation.

To find the best CD rates, shop around, consider online banks, check minimum deposit requirements, and review account terms. Online banks often offer the most competitive rates due to lower overhead costs. Ensure the CD’s terms align with your financial goals and needs.

Read more at Yahoo Finance: Best CD rates today, February 2, 2026 (Lock in up to 4% APY)