CD Rates Today, Sept. 10, 2026: Up to 4.35% APY on an 18-Month CD

Certificates of deposit, or CDs, can provide a fixed-rate option for savers seeking a secure place to hold their money. These accounts often offer higher yields than traditional checking and savings accounts, although rates vary by financial institution, term length, and deposit size.

Here is a snapshot of current CD rates, along with guidance for comparing offers and opening an account.

Leading CD rates today

CD yields remain elevated compared with historical averages, although they have declined since the Federal Reserve began lowering its target interest rate last year. Several financial institutions, particularly online banks, are still offering rates of 4.00% APY or higher.

As of Thursday, September 10, 2026, the highest rate in this snapshot is 4.35% APY on an 18-month CD from Marcus by Goldman Sachs.

The 2026 outlook for CD rates

The Federal Reserve began reducing the federal funds rate as inflation slowed and the economic outlook improved. It lowered its target rate three times in late 2024, for a combined reduction of one percentage point.

The Fed delivered its third rate cut of 2025 in December. Since then, it has kept rates unchanged, making another reduction in 2026 less likely. An interest-rate increase before the end of the year is now gaining support.

The federal funds rate does not directly determine the interest paid on deposits, but the two are closely connected. When the Fed lowers rates, banks generally follow, and the opposite can happen when rates rise. With the Fed holding rates lower, CD yields have continued to trend downward. Locking in a competitive rate now may be useful for savers who want to secure today’s yield.

How to open a CD

The exact process varies by financial institution, but most applications involve the following steps:

• Compare CD rates: Review the annual percentage yield, term length, minimum deposit requirement, and early-withdrawal penalty. Online comparison tools can make it easier to identify competitive offers.

• Choose an account that fits your goals: The rate is important, but it should not be the only factor. Consider the term, minimum opening deposit, fees, and liquidity needs. A shorter term may be preferable if you want access to your money before the CD matures.

• Gather the required information: You will typically need to provide your Social Security number, address, and driver’s license or passport number when applying for a bank account.

• Submit the application: Many financial institutions accept CD applications online, although some may require an in-branch visit. The application usually takes only a few minutes, and many applicants receive an instant decision.

• Fund the CD: After approval, transfer money from another account or mail a check to complete the deposit.

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