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See which banks are currently paying the highest CD rates. If you're looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available.
Today's CD rates vary quite a bit. In general, however, CD rates have been declining for quite some time due to the Fed's decision to cut its benchmark rate three times in the latter part of 2024 and three times in 2025. Even so, with the Fed leaving rates unchanged so far in 2026, some banks are still offering competitive CD rates.
For institutions offering competitive rates, top rates reach about 4% APY. This is especially true for shorter terms of one year or less.
Today, Friday, August 14, 2026, the highest CD rate is 4.30%. This rate is offered by Synchrony Bank on its 16-month CD.
Here is a look at some of the best CD rates available today from our verified partners:
Compare these rates to the national average as of August 2026 (the most recent data available from the FDIC):
Compared with today's top CD rates, national averages are much lower. This highlights the importance of shopping around for the best CD rates before opening an account.
Online banks and neobanks are financial institutions that operate solely via the web. That means they have lower overhead costs than traditional brick-and-mortar banks. As a result, they're able to pass those savings on to their customers in the form of higher interest rates on deposit accounts (including CDs) and lower fees. If you're looking for the best CD rates available today, an online bank is a great place to start.
However, online banks aren't the only financial institutions offering competitive CD rates. It's also worth checking with credit unions. As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also member-owners. Although many credit unions have strict membership requirements that are limited to those who belong to certain associations or work or live in certain areas, there are also several credit unions that just about anyone can join.
Whether or not you should put your money in a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle — they don't lose money (in most cases), are backed by federal insurance, and allow you to lock in today's best rates.
However, there are some drawbacks to consider. First, you must keep your money on deposit for the full term; otherwise, you'll be subject to an early withdrawal penalty. If you want flexible access to your funds, a high-yield savings account or money market account might be a better choice.
Additionally, although today's CD rates are high by historical standards, they don't match the returns you could achieve by investing your money in the market. If you're saving for a long-term goal such as retirement, a CD won't provide the growth you need to reach your savings goal within a reasonable time frame.
We identified the best CD rates and accounts available today based on interest rates, fees, and more. See our top picks across 6-month, 1-year, 18-month, and 2-year terms.
Compare today's best 1-year CD rates, see which banks offer the highest yields, and learn how to lock in a guaranteed return on your savings.
Source: Read the original article on finance.yahoo.com
Additional coverage from finance.yahoo.com:
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
According to the Zillow lender marketplace, fixed mortgage rates are rising while ARM rates are falling compared to Thursday.
The average 30-year fixed rate today, Friday, August 14, 2026, is 6.65%, up 7 basis points since yesterday. The 15-year fixed loan is currently at 6.07%, 6 basis points higher than yesterday. The 5/1 ARM is 6.25%, 9 basis points lower than on Thursday.
Here are the current purchase rates, according to the latest Zillow data, for Friday, August 14, 2026:
Remember, these are national averages and have been rounded to the nearest hundredth.
These are the latest refinance rates, according to the latest Zillow data, for Friday, August 14, 2026:
Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that's not always the case.
Learn more: Dig deeper into the 7 home refinance options
Your mortgage rate plays a large role in how much your monthly payment will be. Use this mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments:
You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and the best mortgage lenders.
A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. You can choose from two types of rates: fixed or adjustable.
A fixed-rate mortgage locks in your rate for the entire life of your loan. For example, if you obtain a 30-year mortgage with a 6% interest rate, your rate will remain at 6% for the entire 30-year term unless you refinance or sell.
An adjustable-rate mortgage locks in your rate for a predetermined period and then adjusts it periodically. Let's say you get a 7/1 ARM with an introductory rate of 6%. Your rate would be 6% for the first seven years, then the rate would increase or decrease once per year for the last 23 years of your term. Whether your rate goes up or down depends on several factors, such as the economy and housing market.
At the beginning of your mortgage term, most of your monthly payment goes toward interest. Your monthly payment toward mortgage principal and interest stays the same throughout the years. However, less and less of your payment goes toward interest, and more goes toward the mortgage principal or the amount you originally borrowed.
A 30-year fixed-rate mortgage is a good choice if you want a lower mortgage payment and the predictability that comes with having a fixed rate. Just know that your rate will be higher than if you choose a shorter term, and you will pay significantly more in interest over the years.
🟢 PROS / ADVANTAGES
- As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also member-owners.
🔴 CONS / RISKS
- According to the Zillow lender marketplace, fixed mortgage rates are rising while ARM rates are falling compared to Thursday.