Today’s CD prices are still higher than the national average. The Federal Reserve has cut its target interest rate three times by 2025. This has a profound effect on savings account rates, meaning now may be your last chance to lock in higher rates today with a certificate of deposit (CD). Here’s a look at today’s best CD prices and where you can find the best deals.
Today, the highest CD rate is 4% APY. This rate is quoted by Marcus from Goldman Sachs on its 1-year CD.
Here’s a look at some of the best CD prices available today from our verified partners.
If you’re considering a CD, these rates are quite high, especially when compared to national average rates, which are significantly lower. It’s also worth noting that online banks and credit unions generally offer more competitive rates than traditional brick-and-mortar banks.
Read more: What is the price of a good CD?
Here’s a look at the average CD rate by term through February 2026 (the most recent data is available from the FDIC):
The highest national average interest rate for CDs stands at 1.55% for a 1-year term. However, in general, today’s average CD rates represent the highest seen in nearly two decades, largely due to the Federal Reserve’s efforts to fight inflation by keeping interest rates high.
If you’re considering opening a CD, it’s important to choose one with the highest APY and term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts that fit your needs:
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Shop around: It’s a good idea to evaluate CD rates from different financial institutions and compare your options before settling on an account. You can easily compare CD prices online.
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Consider online banks: Online banks have lower overhead costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates.
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Check the minimum deposit requirements: Higher CD rates may come with higher minimum deposit requirements, so make sure the amount you plan to deposit matches the requirements to get the best rate.
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Review Account Terms and Conditions: Beyond the CD price, check the terms for early withdrawal penalties and automatic renewal policies. Some CDs offer better terms for flexibility, such as penalty-free CDs, which allow you to withdraw your money without a fee.
