Best CD rates today, Friday, August 14, 2026: Up to 4.30% APY return available

On August 14, 2026, Synchrony Bank offered the highest Certificate of Deposit (CD) rate at 4.30% APY for a 16-month term. This rate is notably higher than the national average, which was lower as of that date. Online banks and neobanks tend to provide better CD rates due to lower operating costs, while credit unions, as not-for-profit financial institutions, also offer competitive rates to their members.

CD rates have been decreasing since the Federal Reserve's rate cuts in late 2024 and 2025, but even with unchanged rates in 2026, some banks still provide competitive offers. Before opening a CD, it's crucial to compare rates from various institutions as they can vary significantly. CDs are a safe investment, insured by the federal government and offering fixed returns, but they may not generate the same returns as market investments, especially for long-term goals like retirement.