Marcus by Goldman Sachs offers the highest 14-month CD rate at 4.10% APY, nearly 2.5x the national average of 1.65%.
The highest certificate of deposit rate available today stands at 4.10% APY, offered by Marcus by Goldman Sachs on a 14-month term. This rate remains well above the national average of 1.65% for 1-year CDs, reflecting the lingering effects of the Federal Reserve’s 2025 rate cuts and its decision to hold rates steady in 2026.
National average CD rates have climbed to their highest levels in nearly two decades, driven by the Fed’s efforts to curb inflation through elevated interest rates. Online banks and credit unions continue to outpace traditional brick-and-mortar institutions, offering more competitive yields to depositors.
The Fed’s three rate reductions in 2025 and subsequent pause in 2026 have created a window for savers to lock in higher returns before potential further cuts.