Tag: Deposit account rates

Best CD rates today, February 16, 2026 (Lock in up to 4% APY)
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Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2025. This has a ripple effect on deposit account rates, which means now could be your last chance to lock in today’s high rates with a certificate of deposit (CD). Here’s a look at today’s best CD rates and where you can find the best offers.

Today, the highest CD rate is 4% APY. This rate is offered by Marcus by Goldman Sachs on its 1-year CD.

Here is a look at some of the best CD rates available today from our verified partners.

If you’re considering a CD, these rates are some of the highest available, especially when compared to the national average rates, which are significantly lower. It’s also worth noting that online banks and credit unions generally offer more competitive rates compared to traditional brick-and-mortar banks.

Read more: What is a good CD rate?

Here’s a look at the average CD rate by term as of January 2026 (the most recent data available from the FDIC):

The highest national average interest rate for CDs stands at 1.61% for a 1-year term. However, in general, today’s average CD rates represent some of the highest seen in nearly two decades, largely due to the Federal Reserve’s efforts to combat inflation by keeping interest rates elevated.

If you’re thinking about opening a CD, it’s important to choose one with a high APY and term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts that match your needs:
- Shop around: It’s a good idea to evaluate CD rates from a variety of financial institutions and compare your options before settling on an account. You can easily compare CD rates online.
- Consider online banks: Online banks tend to have lower overhead costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates available.
- Check minimum deposit requirements: Higher CD rates might come with higher minimum deposit requirements, so make sure the amount you plan to deposit aligns with the requirements to get the best rate.
- Review account terms and conditions: Beyond the CD’s rate, look at terms for early withdrawal penalties and auto-renewal policies. Some CDs offer better terms for flexibility, such as no-penalty CDs, which allow you to withdraw your funds without a fee before the maturity date.
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February 16, 2026
Best money market account rates today, December 25, 2025 (earn up to 4.25% APY)
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Find out which banks are offering the best MMA rates right now. As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but may also include a debit card and/or check-writing capabilities.

Wondering where the top money market account rates can be found today? Here’s what you need to know.

From a historical perspective, money market account interest rates have been quite high. The national average interest rate for money market accounts is just 0.58%, according to the FDIC, but the top money market account rates often pay above 4% APY or even more — similar to the rates offered on high-yield savings accounts.

Here’s a look at some of the top MMA rates available today:

Additionally, the table below features some of the best savings and money market account rates available today from our verified partners.

Between July 2023 and September 2024, the Fed maintained a target range for its federal funds rate of 5.25%–5.50%. However, as inflation cooled and the economy improved, the Fed slashed the federal funds rate by 50 basis points in September 2024. It cut another 25 bps in November, and in December, the Fed made its final rate cut of the year (25bps).

Recently, the Fed made its third rate cut of 2025, as a result the federal funds rate now stands at 3.50% -3.75%. Deposit account rates have started to decline, meaning now might be the last chance for savers to take advantage of today’s higher rates.

Read more: Can you lose money in a money market account?

Considering that money market account rates are still elevated, these accounts are an attractive option for savers. Even so, deciding whether it’s the right time to put money in a money market account also depends on your financial goals and the broader economic conditions. Here are some key factors to consider:
- Liquidity needs: Money market accounts offer easy access to your money since they often come with check-writing capabilities or debit card access (though there may be a cap on monthly withdrawals). If you need to keep your money accessible while still earning a decent yield, a money market account could be ideal.
- Savings goals: If you have short-term savings goals or want to build an emergency fund, a money market account can provide a safer place for your cash, with returns that are better than most traditional savings accounts.
- Risk tolerance: For conservative savers who prefer to avoid the ups and downs of the stock market, money market accounts are appealing because they are backed by FDIC insurance and can’t lose principal. However, if you’re saving for a long-term goal like retirement, riskier investments are necessary to generate higher returns that will get you to your savings target.
Given that interest rates are still elevated, now could be a good time to consider a money market account, especially if you’re seeking a balance of safety, liquidity, and better returns than traditional savings accounts. Comparing rates from different institutions will help you find the best options available.

Today’s money market account rates vary quite a bit across different financial institutions. Though the national average rate for an MMA is currently 0.58%, there are some banks offering well above 4% APY. In general, you won’t find money market rates above 4.50%.

Unfortunately, there are very few accounts that offer 7% interest. Those that do exist are limited-time promotions, and are typically found on checking accounts. There are currently no money market accounts that pay 7%.
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December 25, 2025
Best CD rates today, September 17, 2025: Lock in up to 4.45% APY ahead of the next Fed rate cut
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Deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates above 4%. Read on for a snapshot of CD rates today and where to find the best offers.

CDs today typically offer rates significantly higher than traditional savings accounts. Currently, the best short-term CDs (six to 12 months) generally offer rates around 4% to 4.5% APY.

As of September 17, 2025, the highest CD rate is 4.45% APY. This rate is offered by LendingClub on its 8-month CD.

The following is a look at some of the best CD rates available today from our verified partners:

The 2000s were marked by the dot-com bubble and later, the global financial crisis of 2008. Though the early 2000s saw relatively higher CD rates, they began to fall as the economy slowed and the Federal Reserve cut its target rate to stimulate growth. By 2009, in the aftermath of the financial crisis, the average one-year CD paid around 1% APY, with five-year CDs at less than 2% APY.

The trend of falling CD rates continued into the 2010s, especially after the Great Recession of 2007-2009. The Fed’s policies to stimulate the economy (in particular, its decision to keep its benchmark interest rate near zero) led banks to offer very low rates on CDs. By 2013, average rates on 6-month CDs fell to about 0.1% APY, while 5-year CDs returned an average of 0.8% APY.

However, things changed between 2015 and 2018, when the Fed started gradually increasing rates again. At this point, there was a slight improvement in CD rates as the economy expanded, marking the end of nearly a decade of ultra-low rates. However, the onset of the COVID-19 pandemic in early 2020 led to emergency rate cuts by the Fed, causing CD rates to fall to new record lows.

The situation reversed following the pandemic as inflation began to spiral out of control. This prompted the Fed to hike rates 11 times between March 2022 and July 2023. In turn, this led to higher rates on loans and higher APYs on savings products, including CDs.

Fast forward to September 2024 — the Fed finally decided to start cutting the federal funds rate after it determined that inflation was essentially under control. Today, we’re beginning to see CD rates come down from their peak. Even so, CD rates remain high by historical standards.

Take a look at how CD rates have changed since 2009:

Traditionally, longer-term CDs have offered higher interest rates compared to shorter-term CDs. This is because locking in money for a longer period typically carries more risk (namely, missing out on higher rates in the future), which banks compensate for with higher rates.

However, this pattern doesn’t necessarily hold today; the highest average CD rate is for a 12-month term. This indicates a flattening or inversion of the yield curve, which can happen in uncertain economic times or when investors expect future interest rates to decline.

Read more: Short- or long-term CD: Which is best for you?

When opening a CD, choosing one with a high APY is just one piece of the puzzle. There are other factors that can impact whether a particular CD is best for your needs and your overall return. Consider the following when choosing a CD:
- Your goals: Decide how long you’re willing to lock away your funds. CDs come with fixed terms, and withdrawing your money before the term ends can result in penalties. Common terms range from a few months up to several years. The right term for you depends on when you anticipate needing access to your money.
- Type of financial institution: Rates can vary significantly among financial institutions. Don’t just check with your current bank; research CD rates from online banks, local banks, and credit unions. Online banks, in particular, often offer higher interest rates than traditional brick-and-mortar banks because they have lower overhead costs. However, make sure any online bank you consider is FDIC-insured (or NCUA-insured for credit unions).
- Account terms: Beyond the interest rate, understand the terms of the CD, including the maturity date and withdrawal penalties. Also, check if there’s a minimum deposit requirement and if so, that fits your budget.
- Inflation: While CDs can offer safe, fixed returns, they might not always keep pace with inflation, especially for longer terms. Consider this when deciding on the term and amount to invest.
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September 17, 2025