Certificate of deposit rates remain near multi-decade highs despite three Federal Reserve rate cuts in 2025 and no changes in 2026.
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 reflects a broader trend of elevated deposit yields following the Federal Reserve’s three interest rate reductions in 2025 and its decision to hold rates steady through 2026.
National average CD rates remain significantly lower, with the highest 1-year term averaging 1.65% APY, according to FDIC data. Online banks and credit unions continue to offer more competitive rates than traditional brick-and-mortar institutions, a gap that has persisted amid the Fed’s efforts to manage inflation.
The current environment presents an opportunity for savers to lock in high yields before potential further rate adjustments. The Fed’s policy stance has kept deposit rates above historical averages, though market expectations for future cuts could influence yields in the coming months.