Highest CD Rates Offered This Week Reach New Heights

Several financial institutions have announced significant changes to their certificate of deposit (CD) terms, making it an attractive option for savers looking to lock away their money at a competitive interest rate. As of February 1st, 2026, some top banks are offering CDs with annual percentage yields (APYs) as high as 4% for terms ranging from 12 months to 5 years. For those willing to keep their funds locked in place for longer periods, rates can soar even higher, reaching up to 4.25% APY for 60-month CDs. To give consumers a better understanding of the available options, here’s a snapshot of some of the top CD rates currently on offer:

• Ally Bank: 4.00% APY for 12-month CD
• Marcus by Goldman Sachs: 4.15% APY for 24-month CD
• Discover Bank: 4.10% APY for 60-month CD
• CIT Bank: 4.25% APY for 60-month CD Before making a decision, it’s essential to consider factors such as liquidity and flexibility. Some CDs come with early withdrawal penalties or have restrictions on withdrawals before the end of the term. For those willing to balance the trade-offs between returns and accessibility, these top CD rates offer an attractive alternative to traditional savings accounts or money market funds.