Find out how much you could earn by locking in a high CD rate today. The Federal Reserve has cut the federal funds rate three times in 2025. Until now in 2026, the Fed has left interest rates alone, so now may be your last chance to lock in competitive CD rate before the bids move on. CD rates vary widely between financial institutions, so it’s important to make sure you’re getting the best possible rate when buying a CD.
Below is a breakdown of today’s CD prices and where to find the best deals.
CD rates today, Saturday, June 13, 2026
Generally, the best CD rates today are offered for shorter terms of about one year or less. Online banks and credit unions, in particular, offer the highest rates on CDs.
Today, the highest CD rate is 4% APY. This rate offers Marcus from Goldman Sachs on its 14-month CD.
Here’s a look at some of the best CD deals available today:
How much interest can I earn on a CD?
The amount of interest you can earn from a CD depends on annual interest rate (APY). This is a measure of your total earnings in one year, taking into account the base interest rate and how often interest is compounded (CD interest is usually compounded daily or monthly).
Let’s say you invested $1,000 in a one-year CD with 1.52% APY and earned interest monthly. At the end of this year, your balance will grow to $1,015.20 — your initial deposit of $1,000 plus $15.20 in interest.
Now let’s say you choose a one-year CD that offers 4% APY instead. In this case, your balance will grow to $1,040.74 over the same period, which includes $40.74 in interest.
The more you contribute to the CD, the more you can earn. If we used the same example of an annual CD with a 4% APY but deposited $10,000, your total balance when the CD was paid off would be $10,407.42, which means you would have earned $407.42 in interest.
More details: What is a good CD speed?
Types of CDs
When choosing a CD, the interest rate is usually the most important thing. However, rate is not the only factor to consider. There are several types of CDs that offer different benefits, although you may need to accept a slightly lower interest rate in exchange for more flexibility. Here’s an overview of some common types of CDs to consider besides traditional CDs:
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Bump-up CD: This type of CD allows you to request a higher interest rate if your bank’s rates rise during the life of the account. However, you are usually only allowed to “raise” your bid once.
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Disc without fines: Also known as a liquid CD, this type of CD allows for penalty-free withdrawals.
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Jumbo CD: These CDs require a higher minimum deposit (usually $100,000 or more) and often offer a higher interest rate. However, in today’s CD speed environment, the difference between traditional and high CD speeds can be small.
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Mediated CD: As the name suggests, these CDs are purchased through a brokerage, not directly from the bank. Brokered CDs may sometimes offer higher rates or more flexible terms, but they also carry more risk and may not be insured by the FDIC.
