Best CD Rates Today: Up to 4.25% APY

As of January 1, 2025, the best CD rates available from national banks and credit unions range from 3.90% to 5.56% APY for one-year terms. These rates are significantly higher than the national average for one-year CDs, which was 1.86% as of December 16, 2024. The top rate of 5.56% APY is offered by Lafayette Federal Credit Union, while Marcus by Goldman Sachs offers the second-highest rate of 5.50% APY with a minimum deposit of $500.

Other banks and credit unions offering competitive CD rates include Synchrony Bank, BMO Alto, Popular Direct, Alliant Credit Union, Citizens Access, Barclays Bank, Sallie Mae Bank, and Capital One. These institutions offer APYs ranging from 3.90% to 4.25% for one-year terms, with minimum deposits ranging from $0 to $10,000.

When choosing a CD, it's essential to consider factors such as the APY, minimum deposit requirements, and the institution's reputation and financial stability. It's also crucial to compare offers from multiple banks and credit unions to find the best CD rate for your specific financial needs and goals.

In conclusion, the best CD rates today offer competitive APYs, with some institutions offering rates as high as 5.56% for one-year terms. By comparing offers from various banks and credit unions, investors can find the best CD rates to meet their financial objectives.