See which banks are currently paying the highest CD rates. If you are looking for a safe place to store your savings, a certificate of deposit (CD) may be the best option. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD prices today and where to find high-yield CDs at the best prices.
Today’s CD prices are a little different. In general, however, CD rates have been subdued for some time due to the Fed’s decision to cut the benchmark rate three times in late 2024 and cut rates an additional three times in 2025. Even some banks still offer competitive CD rates.
For those who are, the top rates are around 4% APY. This is especially true for short periods of a year or less.
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:
Compare these rates to the national average as of February 2026 (the most recent data is available from the FDIC):
Compared to today’s high CD rates, national averages are very low. This highlights the importance of shopping around for the best CD rates before opening an account.
Online banks and new banks are financial institutions that operate only through the web. This means they have lower overhead costs than traditional brick and mortar banks. As a result, they can pass these savings on to their customers in the form of higher interest rates on deposit accounts (including CDs) and lower fees. If you’re looking for the best CD rates today, an online bank is a great place to start.
However, online banks are not the only financial institutions that offer competitive CD rates. It’s also worth checking with credit unions. As nonprofit financial cooperatives, credit unions return their profits to customers, who are also member-owners. Although many credit unions have strict membership requirements that are limited to those who belong to a particular union or work or live in certain areas, there are also many credit unions that just about anyone can join.
Whether or not you should keep your money in a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle – they don’t lose money (in most cases), are backed by federal insurance, and allow you to lock in today’s best rates.
However, there are some notable drawbacks. First, you must keep your money on deposit for the full term, otherwise you will be subject to early withdrawal penalties. If you want flexible access to your funds, a high-yield savings account or money market account may be the best choice.
Additionally, although today’s CD rates are high by historical standards, they are not commensurate with the returns you can get from investing your money in the market. If you’re saving for a long-term goal like retirement, a CD won’t provide the growth you need to reach your savings goal in a reasonable time frame.
Read more: Short or Long Term CD: Which is Better for You?
