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CD Rates

CD Rates and Market Data

The highest CD rate on Banksparency is 5.20% APY, advertised by Raymond James Bank on its 60 Month CD. This page tracks 11,778 active CDs from 975 banks.

By Aviel Fahl

Newest reading: Tuesday, October 6, 2026|
View Highest CD RatesBusiness CDs

CD Rate Summary

975 tracked banks, across every term length.

A CD holds the money for the whole term, and in exchange the rate cannot fall while you hold it. Held for a year at the FDIC 12-month average, $10,000 returns about $173. The ten highest consumer CDs we track advertise 4.85%–5.20% . For scale: added 3.40% in the year to August 2026, a look backward, while a CD's locked rate runs forward.

The mean of the 1,177 fixed-rate 12-month CDs in the Banksparency CD index is 2.70%. The effective federal funds rate is 3.88% as of Oct 2, 2026.

FDIC National Averages & Caps (Sep 2026)

1 Mo CD

0.23%

3 Mo CD

1.13%

6 Mo CD

1.41%

1 Yr CD

1.73%

2 Yr CD

1.61%

3 Yr CD

1.36%

4 Yr CD

1.28%

5 Yr CD

1.38%

Each index is computed across the fixed-rate consumer CDs of exactly one term, with no monthly fee and no audience restriction. Business, IRA and other CD types are not in it, so a term page lists more products than its index counts. A term publishes only when 25 or more products hold it, so a thin term shows no figure.

TermMean APYMedian APYIndex products
3 months1.92%1.91%773
6 months2.58%3.10%1,094
9 months2.99%3.50%305
12 months2.70%3.14%1,177
18 months2.56%2.90%797
24 months2.56%2.80%1,058
30 months2.21%2.27%407
36 months2.45%2.65%957
48 months2.44%2.53%838
60 months2.54%2.75%852

How CD rates moved this week, this month, and this quarter

10258 tracked: 778 up, 42 down, 9438 unchangedThe total differs between tabs. A rate counts for a timeframe only when it was already recorded that far back.

Effective Federal Funds Rate

Policy rate benchmark

3.88%
No change vs Sep 25, 2026
Previous: 3.88%Current: Oct 2, 2026

FDIC National Averages

CD rate benchmarks across terms

Change measured against Aug 2026.

1 Mo
0.23%
+0.01 percentage points
3 Mo
1.13%
-0.01 percentage points
6 Mo
1.41%
—
1 Yr
1.73%
+0.02 percentage points
2 Yr
1.61%
+0.04 percentage points
3 Yr
1.36%
+0.02 percentage points
4 Yr
1.28%
+0.01 percentage points
5 Yr
1.38%
+0.02 percentage points
View Federal Rates History
Decreases

New to CDs? Read the short guide

Why CDs Pay More

CDs trade liquidity for yield. You agree to keep money parked for a fixed term and the bank guarantees the rate in return. In Banksparency's database, 1191 CDs offer rates of 4.00% APY or higher.

Pick a Term Length That Fits Your Timeline

Terms currently range from 0-Year-100-Year. Longer terms lock your rate for longer, but the highest APY isn't always the longest term.

Understand Early Withdrawal Penalties

Most CDs charge a penalty if you cash out before the term ends. Always check early withdrawal terms before you lock in a rate.

Ladder for Flexibility

Split your deposit across multiple terms so you get regular maturity dates. This can improve liquidity without giving up all of the higher rates.

How to Choose a CD

Compare APY, minimum deposit, online-only access, and whether the term matches your timeline. The CD that fits you is the one you can hold through maturity.

When a CD Makes Sense

  • Known Purchase Date

    Car, tuition, or down payment with a clear timeline.

  • Rate Lock

    Lock today's rate in case rates fall later.

  • Short-Term Parking

    Keep cash safe for 3-12 months with a fixed return.

  • Laddering Strategy

    Stagger multiple CDs for regular maturity dates.

  • Conservative Yield

    Predictable interest with low risk.

  • Business Reserves

    Park surplus cash while staying federally insured.

Not ideal for:Everyday spendingUncertain timelinesEmergency cash you might need tomorrow

Top 5 Highest CD Rates Right Now

By advertised APY. Excluding business CDs.

Raymond James Bank leads at 5.20% APY on its 60 Month CD. The tenth-ranked CD rate is 4.85%, so the top ten span 0.35 points. The leader is 3.0 times the FDIC national average of 1.73%.

See the highest CD rates
InstitutionProduct / TermSponsored link
Raymond James Bank
60 Month CD60 months
5.20%
Raymond James Bank
48 Month CD48 months
5.10%
Grant County State Bank
60-Month CD60 months
5.09%
Grant County State Bank
60-Month IRA60 months
5.09%
Raymond James Bank
36 Month CD36 months
5.05%

Top 5 Highest Business CD Rates Right Now

By advertised APY. Specifically for business accounts.

Walden Mutual Bank advertises the highest business CD rate, 4.75% APY on its 100 Year Local Impact Business CD. Banksparency tracks 201 active business CDs.

See the highest business CD rates
InstitutionProduct / TermSponsored link
Walden Mutual Bank
100 Year Local Impact Business CD1200 months
4.75%
First Commerce Bank
17 Month Business CD17 months
4.50%
First Commerce Bank
17 Month Business IRA CD17 months
4.50%
Live Oak Bank
1 Year Business CD12 monthsAvailable nationwide
4.30%
Nelnet Bank
Business 24 Month CD24 months
4.25%

Highest CD Rates by Term Length

The highest advertised rate across the 10 tracked terms is 5.20% APY on the 5-Year CD from Raymond James Bank. The shortest term, 1-Month CD, tops out at 3.82%, and the longest, 5-Year CD, at 5.20%.

1-Month CD3.82% APY
Citizens Bank & Trust Company
30 Day CD
View 1-Month CD Rates
3-Month CD4.50% APY
Habib American Bank
3 Month CD
View 3-Month CD Rates
6-Month CD4.55% APY
The Community State Bank
6 Month CD
View 6-Month CD Rates
9-Month CD4.49% APY
The Community State Bank
9 Month CD
View 9-Month CD Rates
12-Month CD4.75% APY
E*TRADE from Morgan Stanley
12-Month Certificates of Deposit
View 1-Year CD Rates
18-Month CD4.90% APY
Raymond James Bank
18 Month CD
View 18-Month CD Rates
24-Month CD4.98% APY
Raymond James Bank
24 Month CD
View 2-Year CD Rates
36-Month CD5.05% APY
Raymond James Bank
36 Month CD
View 3-Year CD Rates
48-Month CD5.10% APY
Raymond James Bank
48 Month CD
View 4-Year CD Rates
60-Month CD5.20% APY
Raymond James Bank
60 Month CD
View 5-Year CD Rates

CD rate questions

What is the highest CD rate right now?

Raymond James Bank advertises 5.20% APY on its 60 Month CD, the highest of 11,778 active CDs tracked on Banksparency.

What is the average CD rate?

The mean of the 1,177 fixed-rate 12-month CDs in the Banksparency CD index is 2.70%. It measures that population, not every CD on this page.

How do the top CD rates compare with the FDIC national average?

The ten highest advertised rates run from 4.85% to 5.20% APY, against an FDIC national average of 1.73%. The FDIC national rate cap for 12-month CDs is 5.74%.

When were these CD rates last observed?

The newest reading on this page is from Tuesday, October 6, 2026. Banksparency reads each institution's advertised rate on that institution's own website, and it records the date of each reading. Some rates on this page carry an earlier date. A rate can change at any time, so confirm it with the institution before you open an account.

Which CD term has the highest rate?

The 5-Year CD leads, with Raymond James Bank advertising 5.20% APY. A longer term does not always carry a higher rate; compare the term leaders before you choose.

Highest Business CD Rates by Term Length

Term-specific business CD pages are coming soon. In the meantime, see the highest business CD rates in one place.

See the highest business CD rates