Best CD Rates This Week, Feb. 2, 2026: Fewer Top APYs Remain After 3 Fed Cuts in 2025
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CD rates have steadily declined since the Fed's last rate cut in December -- its third in just five months. That means fewer banks are offering APYs above 4.00%, and some standout offers from January have already disappeared.
If you're looking for stable returns with no surprises, locking in a fixed-rate CD now could be your best move.
Here are the best rates still available this week.
Featured offers
Synchrony Online CD
On Synchrony Bank's Secure Website.
Western Alliance Bank CD
On Raisin's Secure Website.
Best CD rates this week, Feb. 2, 2026
| Bank | Term | APY | Minimum Deposit |
|---|---|---|---|
| Climate First Bank | 6 Months | 4.27% | $500 |
| United Fidelity Bank | 6 Months | 4.20% | $1,000 |
| United Fidelity Bank | 60 Months | 4.15% | $1,000 |
| United Fidelity Bank | 24, 36, 48 Months | 4.10% | $1,000 |
| Marcus by Goldman Sachs | 6 Months | 4.05% | $500 |
| Marcus by Goldman Sachs | 9, 12, 18 Months | 4.00% | $500 |
| Synchrony Bank | 14 Months | 4.00% | $0 |
Every CD featured above is FDIC-insured, meaning your deposits are protected up to $250,000 per bank. The right choice depends on two simple things -- how long you want to set your money aside and how much you're ready to invest.
- If you're after something short and sweet, Climate First Bank is offering a 6-month CD at 4.27% APY with a reasonable $500 minimum to open.
- Prefer to go long-term? United Fidelity Bank's 5-year CD pays 4.15% APY and requires a $1,000 minimum deposit.
- And for those who want a middle ground, Synchrony Bank's 14 Mo. CD delivers a competitive option -- solid return, no minimum balance, and a term that keeps your cash accessible while still locking in today's higher yield.
Synchrony Online CD
On Synchrony Bank's Secure Website.
Why it pays to open a CD now
If your savings are sitting idle in a low-yield account, now's your chance to earn more. CDs let you lock in a higher rate before they fall further -- ideal for money you won't need to touch anytime soon.
A CD could be a good fit if:
- You already have a healthy emergency fund.
- Your retirement and investment goals are on track.
- You prefer reliable, fixed growth over the ups and downs of the market.
With a total of three Fed rate cuts in the second half of 2025, current higher yields might not last much longer. Opening a CD now could help you secure one of the last top-tier APYs before they slip below 4.00%.
Example: Grow $25,000 into $26,170 in just 14 months
One reason savers love CDs is predictability -- you'll know exactly how much you'll earn from the start.
For example, putting $25,000 into Synchrony Bank's 14-month CD would leave you with about $26,170 at maturity. That's $1,170 in guaranteed earnings in just over a year, no effort required.
And because your rate is locked in, your return won't change -- even if the Fed cuts rates again. Securing today's yield could give your savings a clear advantage heading into next year. See our full Synchrony Online CD review to learn more.
Synchrony Online CD
On Synchrony Bank's Secure Website.
Open a CD in 5 easy steps
Getting started takes only a few minutes. Here's the simple process:
- Compare rates. Check multiple banks -- online options often pay more.
- Choose your deposit. Most CDs don't let you add funds later, and early withdrawals can mean penalties.
- Apply. You can do it online or in-person -- have your ID, SSN, and bank details ready.
- Transfer funds. Move money from checking or savings; your rate locks once the deposit posts.
- Mark your calendar. Note your maturity date so you'll know when it's time to renew or withdraw.
Once it's funded, your CD starts earning right away. Click here to see today's best CD rates.
Prefer easy access to your cash?
If you'd rather stay flexible, a high-yield savings account (HYSA) could be a better match. Many top HYSAs are still paying rates close to short-term CDs -- but with full access to your funds.
- The benefit: You can move money anytime, no penalties.
- The catch: HYSA rates can change at any moment, while CD rates stay fixed until the term ends.
If you like earning more without losing flexibility, a top HYSA can be a solid alternative.
Featured HYSA pick: The Axos ONE® combo checking and savings account currently pays up to 4.21% APY on savings balances when you meet account requirements -- higher than even most of the top CDs and with full access to your funds. Read our full review to learn more.
On Axos Bank's Secure Website.
Member FDIC.
Axos ONE®
On Axos Bank's Secure Website.
= Best
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= Best
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= PoorOn Axos Bank's Secure Website.
- Earn a competitive APY on checking and savings
- Pay no monthly maintenance or account fees
- No cap on how much you can save
- Access to fee-free ATM network
- Extra conditions required to earn the advertised rate
- No physical branches for in-person help
The Axos ONE® bundle makes your money work overtime – all under one roof. Meet the direct deposit and balance requirements, and you'll earn up to 4.21% APY on savings and up to 0.51% APY on checking, some of the highest rates we've seen lately. There are no physical branches, but you can still access cash easily through a network of over 95,000 fee-free ATMs. It's a simple, high-reward setup that actually pays off.
The Annual Percentage Yield (APY) is accurate as of 2/1/2026. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.
The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.
Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:
Option 1
- Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.
- The average daily balance of your Axos ONE® Checking account is at least $1,500.
Option 2
- Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.
- The average daily balance of your Axos ONE® Checking account is at least $5,000.
If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:
- The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.
- The Axos ONE® Savings account will earn a promotional rate of 4.21% APY on the first $499,999.99 and 4.01% APY on any additional balance for the statement cycle in which the requirements are met
The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.
A direct deposit is an electronic ACH deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., real time payments, online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) mobile check deposits, (iv) real time payments. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds, (v) ATM deposits.
Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
Our Picks for the Best High-Yield Savings Accounts of 2025
| Account | APY | Bonus | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
up to 4.00%
Rate info
Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 3/30/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn $50 or $300 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 3/30/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for CIT Platinum Savings
On CIT's Secure Website.
4.60/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
3.75%
Rate info
3.75% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $5,000
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N/A
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Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website.
4.40/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
3.80%
Rate info
The annual percentage yield (APY) is accurate as of January 8, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
Min. to earn: $500 to open, $0.01 for max APY
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N/A
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Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of January 20, 2026.
For complete list of account details and fees, see our Personal Account disclosures.
The annual percentage yield (APY) is accurate as of January 8, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of January 20, 2026. For more information, you can check the FDIC website.
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Sources
FAQs
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A certificate of deposit (CD) is a savings product that holds your money for a set period -- typically anywhere from 6 months to 5 years -- in exchange for a fixed interest rate. You'll earn interest over time, and when the term ends (called "maturity"), you can withdraw your original deposit plus the earned interest.
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Yes -- especially with top APYs still available around 4.00%. CDs offer a fixed, predictable return, making them a great option if you want to earn more than a regular savings account without taking on stock market risk. With rates trending lower after multiple Fed cuts, locking in a competitive yield now could be a smart move.
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Yes. CDs from banks and credit unions are typically insured up to $250,000 by the FDIC or NCUA, making them one of the safest ways to earn a guaranteed return.
Our Research Expert
James McClenathen is a full-time Managing Editor and Personal Finance Writer at Motley Fool Money, overseeing the production and quality of editorial content while also writing about credit cards, investing, and everyday money management. He has worked at The Motley Fool since 2012 and brings extensive experience as an editor, reporter, and finance expert. A graduate of the University of Michigan, James has spent more than a decade of his career helping readers make smarter financial decisions.
Motley Fool Stock Disclosures
James McClenathen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Axos Financial. The Motley Fool has a disclosure policy.Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.