CD rates continue to hover well above the national average, presenting an excellent opportunity for savers. Following three rate cuts by the Federal Reserve in 2025 and a steady pause throughout 2026, deposit account yields remain elevated. If you want to maximize your returns, now is the time to lock in a guaranteed rate before the market shifts.

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Today’s Top Yields

The highest available CD rate today is 4.20% APY, offered by United Fidelity Bank on both its 2-year and 5-year terms.

Compared to what traditional brick-and-mortar banks are offering, shopping around for a top-tier online account drastically increases your earnings:

Term	National Average APY	Top Market Offers
1 Month	0.23%	Varies
3 Months	1.15%	Varies
6 Months	1.38%	Varies
12 Months	1.65% (Highest National Avg)	Varies
24 Months	1.53%	4.20% (United Fidelity Bank)
36 Months	1.33%	Varies
48 Months	1.25%	Varies
60 Months	1.35%	4.20% (United Fidelity Bank)

Why are rates so high? Current average CD rates are at some of their highest levels in nearly two decades, driven by the Federal Reserve’s sustained efforts to combat inflation by keeping benchmark rates elevated.

Pro Tips for Choosing the Right CD

• Go Online: Online banks and credit unions generally have lower overhead costs than physical institutions, allowing them to pass those savings on to you via significantly higher interest rates.
• Check the Fine Print: Look closely at the minimum deposit requirements to qualify for the best promotional rates.
• Evaluate Liquidity: Because your money is locked away for the duration of the term, make sure you understand the early withdrawal penalties. If you need flexibility, consider a no-penalty CD, which allows fee-free early withdrawals in exchange for a slightly lower yield.