Finest CD charges at present, February 15, 2026 (lock in as much as 4% APY)

Learn how a lot you could possibly earn by locking in a excessive CD fee at present. A certificates of deposit (CD) permits you to lock in a aggressive fee in your financial savings and assist your stability develop. Nonetheless, charges fluctuate broadly throughout monetary establishments, so it’s essential to make sure you’re getting the most effective fee doable when purchasing round for a CD. The next is a breakdown of CD charges at present and the place to search out the most effective presents.

Traditionally, longer-term CDs provided greater rates of interest than shorter-term CDs. Usually, it is because banks would pay higher charges to encourage savers to maintain their cash on deposit longer. Nonetheless, in at present’s financial local weather, the other is true.

As of February 15, 2026, the best CD fee is 4% APY. This fee is obtainable by Marcus by Goldman Sachs on its 1-year CD.

The quantity of curiosity you’ll be able to earn from a CD is dependent upon the annual proportion fee (APY). It is a measure of your complete earnings after one yr when contemplating the bottom rate of interest and the way usually curiosity compounds (CD curiosity usually compounds each day or month-to-month).

Say you make investments $1,000 in a one-year CD with 1.61% APY, and curiosity compounds month-to-month. On the finish of that yr, your stability would develop to $1,016.22 — your preliminary $1,000 deposit, plus $16.22 in curiosity.

Now let’s say you select a one-year CD that gives 4% APY as a substitute. On this case, your stability would develop to $1,040.74 over the identical interval, which incorporates $40.74 in curiosity.

The extra you deposit in a CD, the extra you stand to earn. If we took our identical instance of a one-year CD at 4% APY, however deposit $10,000, your complete stability when the CD matures can be $10,407.42, that means you’d earn $407.42 in curiosity.

Learn extra: What is an efficient CD fee?

When selecting a CD, the rate of interest is often prime of thoughts. Nonetheless, the speed isn’t the one issue you need to think about. There are a number of varieties of CDs that supply completely different advantages, although you might want to just accept a barely decrease rate of interest in alternate for extra flexibility. Right here’s a have a look at among the frequent varieties of CDs you’ll be able to think about past conventional CDs:

Bump-up CD: This sort of CD permits you to request the next rate of interest in case your financial institution’s charges go up throughout the account’s time period. Nonetheless, you’re often allowed to “bump up” your fee simply as soon as.
No-penalty CD: Often known as a liquid CD, sort of CD offers you the choice to withdraw your funds earlier than maturity with out paying a penalty.
Jumbo CD: These CDs require the next minimal deposit (often $100,000 or extra), and infrequently supply greater rate of interest in return. In at present’s CD fee atmosphere, nevertheless, the distinction between conventional and jumbo CD charges will not be a lot.
Brokered CD: Because the identify suggests, these CDs are bought via a brokerage somewhat than straight from a financial institution. Brokered CDs can typically supply greater charges or extra versatile phrases, however in addition they carry extra danger and won’t be FDIC-insured.