Discover how much interest you can accrue by securing a high-yield CD today. Following three Federal Reserve rate cuts in 2025, interest rates have remained steady throughout the start of 2026. This period may represent your final opportunity to lock in competitive rates before further downward adjustments. Because CD rates vary significantly between financial institutions, it is essential to shop around to ensure you receive the most favorable terms available.
Below is a comprehensive breakdown of current CD rates and the top offers available today.
CD Rates for Saturday, July 18, 2026
Currently, the most advantageous CD rates are generally found on shorter-term products, typically one year or less. Online banks and credit unions remain the leading providers of these top-tier rates.
The highest rate available today is 4.10% APY, offered by Marcus by Goldman Sachs on a 14-month CD.
Explore some of the best CD offers currently on the market:
Calculating Your CD Interest Earnings
Your potential earnings depend heavily on the Annual Percentage Yield (APY). The APY reflects your total projected return over one year, factoring in the base interest rate and the frequency of compounding (which usually occurs daily or monthly).
For example, a $1,000 investment in a one-year CD with a 1.52% APY and monthly compounding would yield $15.20 in interest, resulting in a total balance of $1,015.20.
In contrast, a one-year CD offering a 4% APY on that same $1,000 would grow to $1,040.74, yielding $40.74 in interest.
Higher principal amounts lead to higher returns. If you were to deposit $10,000 into a one-year CD at a 4% APY, your total balance at maturity would be $10,407.42, totaling $407.42 in interest earnings.
Common Types of CDs
While interest rates are a primary consideration, different CD structures offer varying benefits. Depending on your needs for liquidity or higher returns, you might consider these alternatives to traditional CDs:
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Bump-up CD: This option allows you to increase your interest rate if market rates rise during your term, though this privilege is typically limited to a single occurrence.
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No-penalty CD: Often called liquid CDs, these allow you to withdraw your funds before the maturity date without incurring penalties.
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Jumbo CD: Designed for much larger deposits—typically $100,000 or more—these often provide higher rates, though the premium may be minimal in the current interest rate climate.
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Brokered CD: These are purchased through a brokerage rather than directly from a bank. While they can offer competitive rates, they may carry different risks and might not always feature standard FDIC insurance.
