Best CD rates today, Monday, August 31, 2026: Lock in up to 4.30% APY

Today's CD rates remain notably above the national average. The Federal Reserve's interest rate reductions, occurring three times in 2025 and remaining unchanged in 2026, have impacted deposit account rates, making it an opportune time to secure high rates through certificate of deposit (CD) investments. On this Monday, August 31, 2026, the top CD rate stands at 4.30%.

Synchrony Bank provides this rate on its 16-month CD, while Marcus by Goldman Sachs offers a similar rate on its 18-month CD. Among the latest CD rates, online banks and credit unions typically present more attractive options compared to traditional banks. The average CD rate by term, according to the FDIC, is currently 1.71% for a 1-year term, although today's average rates are among the highest in nearly two decades, largely attributed to the Federal Reserve's inflation-combating measures.

When seeking the best CD rates, consider factors such as high APY, suitable term length, minimum deposit requirements, and account terms and conditions. Options available include 6-month, 1-year, 18-month, and 2-year CDs, with rates varying across institutions. Experts suggest that CD rates may continue to rise in 2026.