Markets· August 17, 2026 at 10:00 a.m.
Highest CD Rates Reach 4.30% APY on August 17, 2026: Synchrony Bank Leads
Key takeaways
- The highest CD rate reached 4.30% APY on August 17, 2026
- This rate is offered by Synchrony Bank on its 16-month CD
- The national average interest rate for CDs stands at 1.65% for a 1-year term
On Monday, August 17, 2026, the highest Certificate of Deposit (CD) rate reached 4.30% APY offered by Synchrony Bank on its 16-month CD. This rate is significantly higher than the national average, which stands at 1.65% for a 1-year term according to the FDIC. The Federal Reserve's efforts to combat inflation have kept interest rates elevated, resulting in high CD rates. Online banks and credit unions generally offer more competitive rates compared to traditional brick-and-mortar banks. To find the best CD rates, it is recommended to shop around, consider online banks, check minimum deposit requirements, review account terms and conditions, and look for no-penalty CDs.
