Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2025 and has left rates alone in 2026. This has had a ripple effect on deposit account rates, making now a great opportunity to lock in today’s high rates with a certificate of deposit (CD). Here’s a look at today’s best CD rates and where you can find the best offers.
Best CD rates today, Monday, July 27, 2026
Today, the highest CD rate is 4.20% APY. This rate is offered by Sallie Mae on its 2-year CD.
Here is a look at some of the best CD rates available today from our verified partners.
National average CD rates
If you’re considering a CD, these rates are among the highest available, especially compared to the national average, which is significantly lower. It’s also worth noting that online banks and credit unions generally offer more competitive rates than traditional brick-and-mortar banks.
Read more: What is a good CD rate?
Here’s a look at the latest average CD rate by term according to the FDIC:
The highest national average interest rate for CDs stands at 1.65% for a 1-year term. However, today’s average CD rates are among the highest in nearly two decades, largely due to the Federal Reserve’s efforts to combat inflation by keeping interest rates elevated.
How to find the best CD rates
If you’re thinking about opening a CD, it’s important to choose one with a high APY and a term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts that match your needs:
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Shop around: It’s a good idea to evaluate CD rates from a variety of financial institutions and compare your options before settling on an account. You can easily compare CD rates online.
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Consider online banks: Online banks tend to have lower overhead costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates available.
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Check minimum deposit requirements: Higher CD rates might come with higher minimum deposit requirements, so make sure the amount you plan to deposit aligns with the requirements to get the best rate.
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Review account terms and conditions: Beyond the CD’s rate, look at terms for early withdrawal penalties and auto-renewal policies. Some CDs offer better terms for flexibility, such as no-penalty CDs, which allow you to withdraw your funds without a fee before the maturity date.
