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Your Guide to the Best CD Rates of January 2026

Lock in a high interest rate and watch your savings grow with a Certificate of Deposit.

Compare certificates of deposit below and lock in a high APY before rates drop.

Certificates of deposit (CDs) are time-deposit accounts insured by the Federal Deposit Insurance Corporation (FDIC). They are low-risk savings vehicles where deposited funds are intended to be locked (at the CD rate at account opening) until maturity, when the money may be withdrawn altogether with the accrued interest. Withdrawing CDs prior to maturity may result in early withdrawal penalty fees.

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MyBankTracker Rating
Our editors analyze the factors below to determine ratings and give you the best guidance:

Fees

Factors in the penalties, if any, imposed for early withdrawal of funds prior to CD maturity.

Accessibility

Factors in ease of withdrawal of CD funds in the event of financial emergencies.

Technology

Factors in the availability of online and mobile banking, in addition to the scope of their features.
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Frequently Asked Questions

Can I withdraw my money before the CD matures?

Typically, you can withdraw money from a CD before maturity, but you will likely incur an early withdrawal penalty. The bank determines this penalty, which often entails losing a portion of the interest you've already accrued.
Depending on the bank or the CD itself, the matured CD may renew into a CD of the same maturity term (the interest rate may be different), transferred to another deposit account, or the funds be sent to you in the form of a check. If the CD renews automatically, you have a grace period of 7-10 days to change your mind.
You might consider opening a CD while also having a savings account. The savings account can hold readily accessible cash savings, such as for emergencies, while the CD holds cash savings for long-term growth.
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