Best CD rates today, Monday, August 17, 2026: Lock in up to 4.30% APY

CD rates in August 2026 remain notably higher than the national average, providing an optimal time to secure a certificate of deposit (CD) with a substantial Annual Percentage Yield (APY). The Federal Reserve's three rate cuts in 2025 and ongoing stability in 2026 have influenced this trend. Among the best CD rates available today is a 4.30% APY offered by Synchrony Bank for its 16-month CD. Generally, online banks and credit unions provide more competitive rates than conventional brick-and-mortar banks.

According to the Federal Deposit Insurance Corporation (FDIC), the average CD rate for a 1-year term is currently 1.65%, but today's rates are among the highest in nearly two decades. This surge is primarily attributed to the Federal Reserve's efforts to curb inflation by maintaining elevated interest rates. When considering a CD, it's crucial to pick one with a high APY and a term length that aligns with your financial objectives.

To secure the best CD rates, it is advisable to shop around, comparing rates from various financial institutions. Online banks, with their lower overhead costs, often offer the most competitive CD rates. Carefully review the minimum deposit requirements and account terms, such as early withdrawal penalties and auto-renewal policies. Some CDs, like no-penalty CDs, offer greater flexibility by allowing early withdrawals without fees before the maturity date.

18-month CDs represent a balanced option, offering strong returns alongside flexibility. To identify the top 18-month CD rates, consult our curated list across 6-month, 1-year, 18-month, and 2-year terms. This guide provides an overview of the best 1-year and 2-year CD rates, highlighting where you can lock in a guaranteed return on your savings. Experts predict that CD rates may continue to rise in 2026, offering further opportunities for savers.