4.17% APY
12 months
N/A
$10,000
Popular Direct stands out as the top choice because it offers a competitive 4.17% APY on its 1-year CD, making it an attractive option for savers looking to maximize their returns. With a minimum deposit of $10,000, it caters to serious investors who want to lock in their funds for a year.
Pros:
- Competitive rate
- FDIC insured
Cons:
- High minimum deposit
2.TAB Bank
4.20% APY
60 months
N/A
$1,000
What sets TAB Bank apart is its low minimum deposit requirement of $1,000 for a 5-year CD, allowing more savers to take advantage of its competitive 4.20% APY. This flexibility makes it an appealing choice for those looking to invest for the long term without a hefty initial commitment.
Pros:
- Low minimum deposit
- Flexible terms
Cons:
- Lower rates for shorter terms
4.25% APY
13 months
N/A
$500
Abound Credit Union shines for its 13-month promotional special offering a 4.25% APY, which is higher than many standard 1-year CDs. With a minimum deposit of just $500, it provides an accessible option for savers looking to earn more on their funds.
Pros:
- Attractive promotional rate
- Lower minimum deposit
Cons:
- Limited to new members
4.30% APY
17 months
N/A
$5,000
The standout feature here is Connexus Credit Union's 17-month Special Certificate, which offers a competitive 4.30% APY. This longer term allows savers to benefit from higher yields while requiring a minimum deposit of $5,000, making it suitable for those with more substantial savings.
Pros:
- High APY
- Longer term option
Cons:
- Higher minimum deposit
4.00% APY
7 months
7.50% APY for first 90 days
$250
SF Fire Credit Union offers an enticing promotional 7-Month Anniversary Tiered Term Certificate with an introductory rate of 7.50% APY for the first 90 days. This makes it an excellent choice for those looking to earn high interest quickly, although the rate reverts to 4.00% thereafter.
Pros:
- Low minimum deposit
- Introductory high rate
Cons:
- Rate drops after introductory period
3.50% APY
12 months
N/A
$1,000
Farmers and Merchants Bank provides a reliable option with a 3.50% APY on its 12-month CD. While the minimum deposit of $1,000 may be higher than some competitors, the bank offers a variety of terms, catering to different savings strategies.
Pros:
- Standard rates
- Multiple term options
Cons:
- Varies by location
- Higher minimum deposit
Did you know?
Top certificate of deposit (CD) rates often sit on 6- to 18-month terms. A CD ladder spreads maturity dates so you can reinvest when compound interest moves without locking every dollar for five years.
Final Words
In August 2026, the best CD rates can be found with providers like Popular Direct, offering a competitive 4.17% APY on their 1-Year CD, alongside other notable options such as Ally Bank, Marcus by Goldman Sachs, and Discover Bank. As you consider your investment choices, remember to compare rates and terms across different institutions to maximize your returns.
Frequently Asked Questions
As of August 2026, the best CD rate is offered by Abound Credit Union, with an APY of 4.25% for a 13-month term.
The top CD providers include Popular Direct, TAB Bank, and Abound Credit Union.
Popular Direct offers a 12-month CD with an APY of 4.17% and a minimum deposit of $10,000.
TAB Bank offers a CD with an APY of 4.20% for a term of 60 months and a minimum deposit of $1,000.
A Certificate of Deposit (CD) is a time deposit account that typically offers a higher interest rate than regular savings accounts, requiring the depositor to lock in their funds for a specified term.
The minimum deposit requirement varies by provider and can affect your choice of CD, as you need to ensure you can meet the minimum amount to open the account.
Withdrawing money from a CD before the term ends usually incurs penalties, which can reduce your interest earnings or principal amount.
CD rates are typically fixed for the term of the deposit, meaning the interest rate will not change during that period.
Compare CD Rates
Summary of all rates from our cd rate pages. Click column headers to sort.
| Provider ↕ | Rate ↓ | Term ↕ | Min Deposit | |
|---|---|---|---|---|
| Connexus Credit Union | 4.30% APY | 17 months | $5,000 | Learn more |
| NASA Federal Credit Union | 4.28% APY | 5 years | $1,000 | Learn more |
| Abound Credit Union | 4.25% APY | 1 year | $500 | Learn more |
| Vibrant Credit Union | 4.25% APY | 6 months | $5 | Learn more |
| TAB Bank | 4.20% APY | 60 months | $1,000 | Learn more |
| United Fidelity Bank, fsb | 4.20% APY | 5 years | $1,000 | Learn more |
| Sallie Mae Bank | 4.20% APY | 5 years | $2,500 | Learn more |
| Popular Direct | 4.17% APY | 1 year | $10,000 | Learn more |
| BTG Pactual | 4.15% APY | 1 year | $500 | Learn more |
| Bread Savings | 4.00% APY | 6 months | $1,500 | Learn more |
| CommunityWide Federal Credit Union | 4.00% APY | 6 months | $1,000 | Learn more |
| SF Fire Credit Union | 4.00% APY | 7 months | $250 | Learn more |
| Marcus by Goldman Sachs | 3.80% APY | 5 years | $500 | Learn more |
| First Internet Bank of Indiana | 3.76% APY | 6 months | $1,000 | Learn more |
| Synchrony Bank | 3.75% APY | 5 years | $0 | Learn more |
| Big Horn Federal Savings Bank | 3.691% APY | 5 years | $500 | Learn more |
| AbleBanking | 3.50% APY | 6 months | $5,000 | Learn more |
| Farmers and Merchants Bank | 3.50% APY | 12 months | $1,000 | Learn more |
