Best CD rates today, February 12, 2026 (lock in up to 4% APY)

If you’re in the market for a secure place to grow your savings, you may want to consider a certificate of deposit (CD). CD accounts typically offer higher interest rates than traditional checking and savings accounts, making them a popular choice for those looking to maximize their earnings.

Currently, CD rates are relatively high compared to historical averages. However, rates have been on the decline since the Federal Reserve began cutting its target rate last year. Despite this, there are still several financial institutions, particularly online banks, offering competitive rates of 4% APY and higher.

At present, the highest CD rate available is 4% APY, offered by Marcus by Goldman Sachs on its 1-year CD. If you’re interested in exploring other options, there are a variety of banks with attractive CD rates that you can consider.

The Federal Reserve has been decreasing the federal funds rate in response to slowing inflation and an improved economic outlook. This has led to three rate cuts in late 2024, totaling one percentage point. Further cuts may be on the horizon in 2026, although the timing and extent of these cuts remain uncertain.

While the federal funds rate doesn’t directly impact deposit interest rates, there is a correlation between the two. Typically, when the Fed lowers rates, financial institutions follow suit by lowering their own rates. As a result, CD rates are beginning to fall again, making now a good time to lock in the best rates available.

When opening a CD account, it’s important to research rates, consider account terms, and gather necessary documents like your Social Security number and identification. The application process can often be completed online, with approval decisions made quickly. Once approved, funding the account is a simple process of transferring money or mailing a check.

To learn more about the step-by-step process of opening a CD account and maximizing your savings, check out our comprehensive guide on our WordPress platform. Invest in your financial future today by exploring the best CD rates offered by our verified partners.