Best CD rates today, Friday, August 7, 2026: Up to 4.15% APY return available to boost savings

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See which banks are currently paying the highest CD rates. If you're looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available.

Today's CD rates vary quite a bit. In general, however, CD rates have been declining for quite some time due to the Fed's decision to cut its benchmark rate three times in the latter part of 2024 and three times in 2025. Even so, with the Fed leaving rates unchanged so far in 2026, some banks are still offering competitive CD rates.

For institutions offering competitive rates, top rates reach about 4% APY. This is especially true for shorter terms of one year or less.

Today, Friday, August 7, 2026 , the highest CD rate is 4.15% . This rate is offered by Synchrony Bank on its 14-month CD.

Here is a look at some of the best CD rates available today from our verified partners:

Compare these rates to the national average as of July 2026 (the most recent data available from the FDIC ):

Compared with today's top CD rates, national averages are much lower. This highlights the importance of shopping around for the best CD rates before opening an account .