Best CD rates today, Thursday, August 13, 2026: Lock in up to 4.30% APY with a 16-month CD

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Find out which banks are offering the best CD rates right now. 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 where CD rates stand today and how to find the best rates available.

CD rates are relatively high compared to historical averages. That said, CD rates have been on the decline since last year when the Federal Reserve began cutting its target rate. The good news is that several financial institutions offer competitive rates of 4% APY and up, particularly online banks.

Today, Thursday, August 13, 2026 , the highest CD rate is 4.30%. This rate is offered by Synchrony Bank on its 16-month CD.

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

The Federal Reserve began decreasing the federal funds rate in light of slowing inflation and an overall improved economic outlook. It cut its target rate three times in late 2024 by a total of one percentage point.

Back in December, the Fed announced its third rate cut of 2025. However, it's now unlikely the Fed will cut rates again in 2026. So far this year, the Fed has left rates unchanged, and a rate increase is growing more likely before the year's end.