Best CD Rates Today, August 24, 2026: Earn Up to 4.35% APY
Top CD rates are still holding strong. Here's what you can lock in today before rates potentially slip lower.
If you've been sitting on cash in a regular savings account earning next to nothing, today's certificate of deposit rates might be the nudge you need. As of Monday, August 24, 2026, some of the best CDs on the market are offering up to 4.35% APY — that's a guaranteed, fixed return for the life of your deposit, no stock market stress required.
A CD (certificate of deposit) is essentially a savings agreement: you hand a bank your money for a set period — anywhere from a few months to several years — and they pay you a fixed interest rate in return. The catch is that pulling your money out early usually means paying a penalty, so it's best suited for cash you won't need to touch. The upside? Your rate is locked in, meaning even if the Fed cuts rates tomorrow, your yield stays exactly where you set it.
Read more Lost Your Job and Health Insurance? Here Are Your Options →
With interest rates having stayed elevated compared to the near-zero era of the early 2020s, savers are in a genuinely good spot right now. Locking in a rate around 4.35% APY today could look like a smart move in hindsight if rates continue drifting downward — which many economists have been anticipating. Shorter-term CDs (think 6 to 12 months) tend to carry the highest rates at the moment, so if you want to maximize yield without tying up money for years, that's worth exploring.
Shopping around matters more than you might think. Online banks and credit unions routinely beat the rates offered by traditional brick-and-mortar institutions by a meaningful margin. Before you commit, compare APYs, minimum deposit requirements, and early withdrawal penalties — those details can make a big difference in your actual return.
Continue reading at Yahoo Finance.
