Top CD Rates Available Today, August 22, 2026: Earn Up to 4.35% APY

Current CD rates present an opportunity to secure competitive yields. After three reductions in 2025, the Federal Reserve maintained its target rate throughout 2026, making now a critical moment to lock in favorable terms before potential shifts. Rates differ among institutions, so comparing offers is advisable.

Below is an overview of today’s CD rate environment and guidance on locating the most advantageous offers.

CD rates today, Saturday, August 22, 2026

Typically, the most competitive CD rates are found on shorter terms, especially those of one year or less, with online banks and credit unions frequently leading the market.

On Saturday, August 22, 2026, the leading CD rate of 4.35% is provided by Sallie Mae through its three‑year term.

Here is a look at some of the best CD rates available today:

How much interest can I earn with a CD?

The interest earned on a CD is determined by its annual percentage yield (APY), which reflects total earnings over a year and accounts for the base rate as well as the frequency of compounding, typically daily or monthly.

Say you invest $1,000 in a one-year CD with 1.52% APY, and interest compounds monthly. At the end of that year, your balance would grow to $1,015.20 — your initial $1,000 deposit, plus $15.20 in interest.

Now let’s say you choose a one-year CD that offers 4% APY instead. In this case, your balance would grow to $1,040.74 over the same period, which includes $40.74 in interest.

The more you deposit in a CD, the more you stand to earn. If we used the same example of a one-year CD at 4% APY but deposited $10,000, your total balance when the CD matures would be $10,407.42, meaning you’d earn $407.42 in interest. ​​

Types of CDs

• Bump‑up CD: This product permits requesting a higher rate if the bank’s rates increase during the term, though the option is typically available only once.

• No‑penalty CD: Also referred to as a liquid CD, it permits early withdrawal without incurring a penalty.

• Jumbo CD: These require a larger minimum deposit — typically $100,000 or more — and may offer a higher rate, though in the current environment the advantage over standard CDs is modest.

• Brokered CD: Purchased via a brokerage rather than directly from a bank, these CDs can provide higher rates or flexible terms, but they carry additional risk and may not be FDIC‑insured.

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