US CD Rates 2026: Compare Yields on Fixed Deposits Today

Certificates of deposit remain a straightforward way to lock in a known yield for a set period. In a year when interest rates may be stabilizing after recent volatility, understanding how CDs work—and how they compare to savings accounts—helps you choose a mix that balances income and liquidity. Below, we break down fixed interest, insurance coverage, term flexibility, and notable differences among major U.S. providers.

What are fixed interest rates for CDs?

A fixed-rate CD pays a set annual percentage yield (APY) for the entire term, regardless of broader rate moves. This rate lock can be beneficial if you expect rates to fall or want predictability for budgeting. However, it also creates reinvestment and opportunity risk: if rates rise, your funds remain at the earlier APY until maturity. Early withdrawals typically incur penalties—often 3–6 months of interest for shorter terms and up to 12 months or more for longer terms—so it’s important to match the CD term to your cash needs. Many savers build a CD ladder, splitting funds across staggered maturities to blend yield with periodic access to cash.

How does FDIC protection safeguard your deposits?

FDIC insurance covers up to $250,000 per depositor, per insured bank, per ownership category. That means you can expand coverage by using different ownership categories (for example, individual, joint, or certain trust accounts) or by spreading funds across multiple insured banks. Credit unions provide similar protection through the NCUA. FDIC insurance applies to principal and accrued interest through the coverage limit; amounts above that limit are not insured. Brokered CDs are also eligible when issued by an FDIC-insured bank, but coverage is aggregated with your other deposits at the same bank, so track totals carefully.

What flexible terms are available for CDs?

CDs range from one to three months on the short end to five years or more on the long end. Shorter terms offer faster liquidity but usually lower APYs, while longer terms may provide higher yields in exchange for reduced flexibility. Variations include no-penalty CDs that allow withdrawal after a brief lock-in (often about a week), bump-up or step-up CDs that let you raise the rate once or on a schedule, and add-on CDs that permit new deposits after opening. Jumbo CDs typically require larger minimums. Brokered CDs, available via investment platforms, can broaden access to issuers and terms, though secondary market pricing and liquidity may vary.

How CDs offer stable growth vs savings accounts?

Savings accounts adjust rates at the bank’s discretion, which means yields can change quickly with market conditions. CDs trade that variability for a contracted APY over a set term, creating more predictable growth. That stability can be useful for near-term goals or for a portion of an emergency reserve you don’t plan to access soon. The trade-offs include early withdrawal penalties and less day-to-day flexibility. In many rate environments, online banks tend to offer higher APYs on CDs than large branch-based banks, while high-yield savings accounts can be competitive when rates are moving up and you want liquidity.

How do major US banks’ CD offerings compare?

Among large banks with extensive branch networks, minimum deposits and relationship tiers often influence CD rates, and posted APYs may be lower than those from online banks. Online banks frequently advertise higher yields with low or no minimums, though product features differ. Key comparisons include minimum deposit, early withdrawal penalty, availability of no-penalty or bump-up options, and whether the bank compounds interest daily or monthly. When comparing, confirm whether APYs are for standard CDs or promotional terms and whether relationship status affects the posted rate.

Real-world pricing and comparison CD yields change frequently with market conditions, but recent patterns show online banks often offering higher APYs than traditional branch-heavy banks for comparable terms. Early withdrawal penalties and minimums vary widely, so review them alongside the headline rate. The ranges below are estimates for common CD types and may not reflect current offers; always verify the latest APY directly with the provider.

Prices, rates, or cost estimates mentioned in this article are based on the latest available information but may change over time. Independent research is advised before making financial decisions.

When interpreting ranges, consider that promotional CDs can be time-limited; minimums affect eligibility; and early withdrawal penalties can erode returns if you need funds before maturity. If you prefer access, a no-penalty CD may offer a slightly lower APY in exchange for flexibility. If you’re comfortable committing longer, a ladder can average yields while providing periodic maturities for reinvestment.

Conclusion CDs can anchor a conservative savings strategy by exchanging daily liquidity for predictable yields. In 2026, focus on the rate lock you need, how FDIC insurance applies across your accounts, and the product features that match your cash flow. Compare current APYs, minimums, penalties, and relationship requirements directly with providers, and consider a ladder to balance income and access as conditions evolve.