What are today's CD interest rates?
Summary
Certificate of deposit (CD) interest rates are currently higher than the inflation rate, allowing savers to grow their money safely. Online banks typically offer better CD rates than traditional banks, with short-term CDs (around six months to one year) offering the highest interest rates right now due to an economic situation called the inverted yield curve.Key Facts
- CDs let you earn fixed interest rates for a set time, protecting against inflation.
- National average CD yields as of April 21, 2026, are about 1.90% for 1-year, 1.65% for 3-year, and 1.70% for 5-year CDs.
- Top CD rates from online banks range from around 3.75% to 4.10% APY, much higher than averages.
- Online banks often have better CD rates because they save money on physical branches.
- Large traditional banks generally offer lower CD rates, sometimes near zero.
- Short-term CDs currently pay more interest than longer-term CDs, a situation called an inverted yield curve.
- Laddering CDs—buying CDs of different lengths—can help lock in higher rates over time.
- CDs are insured up to $250,000 by government agencies like the FDIC or NCUA, making them safe investments.
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