Best CD rates today, Monday, September 21, 2026: Lock in up to 4.40% APY

As of Monday, September 21, 2026, the peak CD rate available is 4.40% APY, provided by Happen Bank for its 2-year CD. This rate stands out significantly above the national average, which is considerably lower at 1.71% for a 1-year term, as indicated by the Federal Deposit Insurance Corporation (FDIC). The Federal Reserve's decision to maintain interest rates steady in 2026, after having reduced them three times in 2025, has resulted in a ripple effect across deposit account rates, creating an opportune moment to invest in high-yield CDs.

To maximize returns, it is crucial to compare CD rates from various financial institutions, with online banks often offering the most competitive rates due to lower operational costs. When selecting a CD, consider factors such as the minimum deposit required, early withdrawal penalties, and whether the account offers a no-penalty option.

Experts suggest that while CD rates may fluctuate, the current environment favors locking in a guaranteed return, particularly for longer-term CDs like the 2-year option, which allows investors to secure a fixed rate for the next 24 months.