Best CD rates today, Wednesday, August 19, 2026: Earn up to 4.15% APY

Today's CD rates have reached up to 4.35% APY, with Sallie Mae offering the highest rate on its 3-year CD. CD rates today are generally higher than traditional savings accounts, with short-term CDs (six to 12 months) typically offering rates between 4% and 4.5% APY. The best short-term CD rates currently range from 4% to 4.5% APY.

However, CD rates have been declining since the early 2000s, falling to as low as 0.1% APY for 6-month CDs in 2013. Despite the recent declines, CD rates remain relatively high compared to historical standards. When choosing a CD, factors to consider include your investment goals, the term length, the financial institution offering the CD, and the impact of inflation on long-term returns.