If you're looking to earn higher interest rates on your savings, then investing in a certificate of deposit (CD) is a great option. CDs offer a guaranteed rate of return and are ideal for those who want to earn a fixed income without risking their capital.

The best CD rate today for you will depend on the term you choose. Generally, the longer the term, the higher the rate you can expect. It's important to note, however, that you won't be able to access your money until the CD matures. So, if you need liquidity, a CD may not be the best option for you.

With that said, let's take a look at some of the best CD rates available today:

1. CIT Bank: This bank offers some of the highest CD rates in the industry. Their 5-year CD has a current APY of 1.30%.

2. Marcus by Goldman Sachs: This online bank has a 5-year CD with an APY of 1.30%. They require a minimum deposit of $500 and offer a 10-day rate guarantee.

3. Synchrony Bank: Synchrony Bank offers a 5-year CD with an APY of 1.30%. There is a $2,000 minimum deposit required to open the CD.

4. Ally Bank: Ally Bank has a 5-year CD with an APY of 1.25%. They also offer a 10-day rate guarantee and have no minimum deposit required.

It's important to research the specifics of each bank's CDs, including the minimum deposit requirements and early withdrawal penalties. Some banks may offer higher rates for larger deposits, so it's worth considering if you have a significant amount of savings.

Keep in mind that CD rates are subject to change, so it's important to monitor them periodically and take advantage of new offers when available.

In conclusion, a CD is a low-risk investment option that can offer higher interest rates than traditional savings accounts. The best CD rate for you will depend on the term you choose, as well as the minimum deposit requirement and early withdrawal penalties. Make sure to research different banks and compare rates before making a decision.