Lock in a competitive CD rate before they fall further. Rates vary, so shop around for the best offer. The highest CD rate as of February 7, 2026, is 4% APY from Marcus by Goldman Sachs on a 1-year CD. Interest earned on a CD depends on the APY and how often interest compounds. For example, a $1,000 investment in a 1-year CD with 1.61% APY would grow to $1,016.22. Consider different types of CDs beyond traditional ones, such as bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs for added benefits or flexibility.

Read more at Yahoo Finance: Best CD rates today, February 7, 2026 (best account provides 4% APY)