Best CD rates today, Wednesday, August 19, 2026: Earn up to 4.35% APY

On Wednesday, August 19, 2026, the best certificate of deposit (CD) rate available is 4.35% APY, offered by Sallie Mae on its 3-year CD. Currently, the top short-term CD rates range from 4% to 4.5% APY for terms between six to 12 months. Historically, longer-term CDs have provided higher interest rates than shorter-term CDs due to the increased risk of not being able to take advantage of higher future rates.

However, this pattern may be flattening or inverting today as the economy and interest rates are uncertain. When selecting a CD, consider factors such as your financial goals, the type of financial institution, account terms, and inflation. While CDs can offer secure, fixed returns, they may not keep pace with inflation, especially for longer terms.