Best CD rates today, Sunday, August 23, 2026: Lock in up to 4.35% APY

On Sunday, August 23, 2026, the highest Certificate of Deposit (CD) rate available is 4.35%, provided by Sallie Mae for a three-year term. The annual percentage yield (APY) of a CD represents the total earnings after one year, accounting for the base interest rate and compounding frequency. For instance, depositing $1,000 into a one-year CD with a 1.52% APY, compounded monthly, would result in a balance of $1,015.20 at year-end.

Choosing a one-year CD with a 4% APY instead would yield a balance of $1,040.74 after the same period, earning $40.74 in interest. The deposited amount significantly influences the interest earned. For example, a $10,000 deposit in a one-year CD at a 4% APY would mature with a balance of $10,407.42, resulting in $407.42 in interest.

While CD rates are often the primary consideration when selecting a CD, other factors should also be considered. Various CD types offer distinct benefits, although they might require accepting a lower interest rate in return for added flexibility. Among the common CD types are bump-up CDs, which allow a rate increase if the bank's rates rise during the account term, but typically only once; no-penalty CDs, also known as liquid CDs, enabling early withdrawals without penalties; jumbo CDs, which demand larger minimum deposits (often $100,000 or more) but generally offer higher interest rates; brokered CDs, bought through a brokerage instead of a bank, potentially providing better rates or more flexible terms, but also carrying greater risk and may not be FDIC-insured.

Based on current rates, fees, and other factors, the best CD options were identified across six-month, one-year, eighteen-month, and two-year terms. This article highlights the top picks in each term length, including the highest yields, and explains how to secure a stable return on your savings. Whether investing in CDs is advantageous today depends on an individual's timeline and objectives. Explore further to determine if CDs are a suitable investment for your financial goals.