Best CD rates today, Tuesday, September 1, 2026: Lock in up to 4.30% APY today with multiple offers

As of Tuesday, September 1, 2026, certificate of deposit (CD) rates are high by historical standards, offering a competitive return on savings. The top CD rate currently available is 4.30% APY, with Synchrony Bank providing this rate for a 16-month CD and Marcus by Goldman Sachs offering it for an 18-month CD. In contrast, traditional savings accounts generally yield much lower rates.

CD rates have risen since the COVID-19 pandemic as inflation surged, prompting the Federal Reserve to increase interest rates multiple times between March 2022 and July 2023. Despite the Fed leaving rates unchanged in 2026, CD returns remain elevated compared to past years. When selecting a CD, consider factors beyond the interest rate, such as the term length, financial institution, deposit requirements, and potential penalties for early withdrawals.

Longer-term CDs often provide higher rates due to increased risk, but this may not always be the case today, as evidenced by the highest average rate being for a 12-month CD.