Banks Offer Best CD Rates of 4.1% APY Amidst Rate Decline

As of November 27, 2025, CD rates stand at 4.1% APY, with Marcus by Goldman Sachs and Sallie Mae offering the highest rates on 14 and 15-month CDs, respectively. The Federal Reserve has cut its target rate three times in 2024 and may continue to do so, potentially impacting deposit interest rates. To open a CD, research competitive rates, consider term length, minimum deposit requirements, and fees, and follow the financial institution's process for opening an account.