Top CD Rates Today, Sunday, August 30, 2026: Secure Up to 4.30% APY

Discover how much you could earn by securing a competitive CD rate today. A certificate of deposit (CD) lets you lock in a fixed rate on your savings, helping your balance grow steadily. Since rates can vary significantly between financial institutions, it’s worth comparing options to ensure you’re getting the best deal available. Here is a breakdown of current CD rates and where to find the most attractive offers.

Overview of CD rates today

Traditionally, longer-term CDs have offered higher interest rates than their shorter-term counterparts, as banks rewarded savers willing to commit their funds for extended periods. In today’s environment, however, this pattern has reversed.

As of Sunday, August 30, 2026, the highest available CD rate is 4.30%. Synchrony Bank currently offers this rate on its 16-month CD, while Marcus by Goldman Sachs offers it on its 18-month CD.

How much interest can I earn with a CD?

The interest you earn from a CD depends largely on the annual percentage rate (APY), which reflects your total earnings over one year, including the base interest rate and the effects of compounding (CD interest typically compounds daily or monthly).

For example, depositing $1,000 into a one-year CD with a 1.52% APY and monthly compounding would grow to $1,015.20 at maturity, representing $15.20 in interest earned.

If you instead chose a one-year CD offering 4% APY, your balance would grow to $1,040.74 over the same period, including $40.74 in interest.

The more you deposit, the greater your potential earnings. Using the same one-year CD at 4% APY but with a $10,000 deposit, your balance at maturity would reach $10,407.42, translating to $407.42 in interest.

Types of CDs

While the interest rate is often the primary consideration when choosing a CD, it isn’t the only factor that matters. Several CD varieties offer distinct advantages, though they may come with a slightly lower rate in exchange for added flexibility. Below are some common CD types worth exploring beyond standard options:

• Bump-up CD: This option allows you to request a higher interest rate if the bank’s rates increase during the CD’s term. Typically, only one rate adjustment is permitted.

• No-penalty CD: Also referred to as a liquid CD, this type permits early withdrawal of funds before maturity without incurring a penalty.

• Jumbo CD: These CDs require a higher minimum deposit, typically $100,000 or more, and often provide a higher interest rate in return. In the current rate environment, however, the gap between traditional and jumbo CD rates tends to be relatively small.

• Brokered CD: As the name implies, these CDs are purchased through a brokerage rather than directly from a bank. Brokered CDs may sometimes offer higher rates or more flexible terms, but they also carry additional risks and may not be FDIC-insured.

Source link