Best CD rates today, January 15, 2026 (lock in up to 4% APY)

Looking for the best CD rates available right now? Look no further. Certificates of Deposit (CDs) are a secure way to store your savings while earning higher interest rates compared to traditional checking and savings accounts. With CD rates varying widely, it’s important to stay informed on where rates stand today and how to find the best offers.

Currently, CD rates are relatively high compared to historical averages, despite experiencing a decline since the Federal Reserve began cutting its target rate last year. The good news is that several financial institutions, particularly online banks, are offering competitive rates of 4% APY and higher.

One of the top CD rates available today is a 4% APY offered by Marcus by Goldman Sachs on its 1-year CD. To help you navigate through the numerous options, here are some of the best CD rates available from our verified partners.

The Federal Reserve made three rate cuts in late 2024, totaling one percentage point, in response to slowing inflation and an improved economic outlook. Additional rate cuts could be on the horizon in 2026, although the exact timing and extent of these cuts remain uncertain.

While the federal funds rate doesn’t directly impact deposit interest rates, they are correlated. Financial institutions typically adjust their rates in response to changes in the federal funds rate. As the Fed continues to lower its rate, CD rates are beginning to fall again. This makes it a good time to lock in today’s best rates by opening a CD.

To open a CD account, research CD rates online to find the best offers that meet your needs. Consider factors such as term length, minimum deposit requirements, and fees to ensure the account aligns with your financial goals. Gather necessary documents like your Social Security number, address, and identification before completing the application process, which can often be done online. Once approved, fund the account by transferring money from another account or mailing a check.

For a step-by-step guide on opening a CD account, check out our detailed instructions. Stay updated on the latest CD rates and start maximizing your savings today.