Top certificates of deposit are offering rates as high as 4.50% APY (annual percentage yield) as of Aug. 26, 2026. The Federal Reserve cut its benchmark federal funds rate three times in 2025, leading many banks to reduce CD and savings-account yields. The featured lineup includes Popular Direct CDs with three-, four- and five-year terms, alongside products ranging from one month to 10 years. Fortune compiles the rankings with Curinos, a financial data and analytics company that supplies CD-rate reports each business day from a broad range of institutions. Returns depend on the deposit amount, term, APY and compounding frequency: on a $5,000 deposit with monthly compounding, a one-year CD at 1.64% APY would produce an estimated $82.62 in interest, compared with $203.71 at 4.00%; over five years, estimated interest would be $346.28 at 1.34% and $1,044.43 at 3.80%. CD yields have historically tracked Federal Reserve policy, and the federal funds rate currently stands at 3.50%-3.75%. The Federal Open Market Committee, or FOMC (the Fed's rate-setting panel), is scheduled to meet next on Sept. 15-16. Savers weighing a CD against a high-yield savings account should balance guaranteed rates and potentially higher returns against liquidity, early-withdrawal penalties, minimum deposits and FDIC or NCUA insurance.