CD rates by term — September 2026

Certificates of deposit lock a fixed APY for a set term. Right now, short and mid-terms pay the most.

InstitutionAPYTermMin. deposit
Capital Credit Union5.00%10 mo$5,000
Dakota Community Bank5.00%36 / 60 mo$500
Raymond James Bank4.95%48 mo$1,000
Tower Federal Credit Union4.70%24 mo$500
Quorum Federal Credit Union4.50%12 mo$100
HAB Bank4.50%3 / 6 mo$1,500
Bread Savings4.40%18 mo$1,500
Marcus by Goldman Sachs4.35%24 mo$500
CFG Bank4.30%12 mo$500
Accordia Bank4.25%12 mo$1,000
TAB Bank4.20%60 mo$1,000
Verified September 30, 2026. Savings rates: Motley Fool & WSJ Buyside rate tables dated Sept 29–30, 2026. CD rates: Bankrate (as of 9/29/2026) & WSJ Buyside (9/30/2026). APYs are variable and change without notice — confirm with the institution before opening.
The big picture: the FDIC reports the average 12-month CD pays just 1.71%, while the average top high-yield CD pays 4.53% (DepositAccounts via WSJ, Sept 2026). Shopping around is worth roughly 3 percentage points — about $300 a year on every $10,000.

Build a CD ladder

Instead of locking everything into one term, split your cash across 4–5 CDs with staggered maturities (e.g. 1 through 5 years). As each rung matures, roll it into a new long-term CD. You get regular liquidity plus the higher yields of longer terms — and if rates rise, new rungs capture them.

CD vs. high-yield savings

Choose a CD when

You won't need the money before maturity and you want to lock today's rate against future cuts.

Choose savings when

You need flexibility. HYSAs let you withdraw anytime, and their rates float upward when the Fed hikes.

Sources: Bankrate CD-rate tables (as of 9/29/2026); WSJ Buyside CD tables (Sept 28–30, 2026); FDIC averages via WSJ.