Lock in a high CD rate today to help your savings grow. Rates vary across financial institutions, so it’s important to find the best offer. Longer-term CDs historically offered higher rates, but currently, shorter-term CDs are more lucrative. The highest CD rate as of Feb 22, 2026, is 4% APY with Marcus by Goldman Sachs.

The amount of interest earned from a CD depends on the annual percentage rate (APY) and how often interest compounds. For example, a $1,000 one-year CD at 1.61% APY with monthly compounding would grow to $1,016.22. Choosing a 4% APY CD would result in a balance of $1,040.74.

The more you deposit in a CD, the more you can earn. Investing $10,000 in a one-year CD at 4% APY would result in a total balance of $10,407.42, including $407.42 in interest. Consider other types of CDs for different benefits, like bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs for potentially higher rates or more flexibility.

Read more at Yahoo Finance: Best CD rates today, February 22, 2026 (lock in up to 4% APY)