Lock in a high CD rate today to help your savings grow. Rates vary by institution, so shop around for the best offer. Longer-term CDs no longer offer higher rates due to the current economic climate. The highest CD rate as of February 15, 2026, is 4% APY with Marcus by Goldman Sachs on a 1-year CD.

The interest you earn from a CD depends on the APY, which considers the base rate 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. A 4% APY CD would grow to $1,040.74, showing that the more you deposit, the more you earn.

Consider different types of CDs beyond traditional ones for added benefits. Bump-up CDs allow for a higher rate adjustment, while no-penalty CDs let you withdraw funds early penalty-free. Jumbo CDs require higher deposits for potentially higher rates, and brokered CDs offer flexibility but come with more risk.

Read more at Yahoo Finance: Best CD rates today, February 15, 2026 (lock in up to 4% APY)