Best CD rates in June 2026
CD or Certificate of Deposit is a deposit account, that has a specific, fixed term and usually, a fixed interest rate higher than a savings account.
What is a Certificate of Deposit (CD)?
A Certificate of Deposit (CD) is a “time deposit” account. You agree to lock your money away for a specific period (like 1 year or 5 years), and in exchange, the bank guarantees you a fixed interest rate.
Unlike a savings account where rates can drop at any moment, a CD rate is locked in. If you buy a 5-Year CD at 4.00%, you get 4.00% for five years, even if market rates crash to zero.
Why use one?
- Rate Locking: If you think interest rates will fall soon, buying a long-term CD locks in today’s high rates for years.
- Guaranteed Returns: There is no stock market risk. You know exactly how much money you will have on the maturity date.
- Discipline: Penalties for early withdrawal force you to save. You can’t just spend the money on an impulse buy.
When should you use a CD?
- Defined Timeline: You are buying a house in exactly 3 years. A 3-Year CD matches your timeline perfectly.
- CD Laddering: You split your money into different terms (1yr, 2yr, 3yr) so you have cash freeing up every year while capturing higher long-term rates.
- Avoiding Volatility: You want better returns than a savings account but zero risk of losing principal.
How to understand the table below
- APY (Annual Percentage Yield): The interest you earn in a year.
- Term: How long you must keep the money in the account.
- Early Withdrawal Penalty: The fee you pay if you need the money before the term ends (usually a few months of interest).
- “No-Penalty” CDs: Special CDs that allow you to withdraw early for free, though they often have slightly lower rates.
Top CD Rates (February 2026)
Ordered by APY potential and term variety:
CD vs. Savings Account
| Feature | Certificate of Deposit (CD) | Savings Account (HYSA) |
|---|---|---|
| Interest Rate | Fixed (Locked in for term) | Variable (Can drop anytime) |
| Withdrawals | Restricted (Penalty applies) | Flexible (With limits) |
| Best For | Knowing exactly when you need cash | Emergency funds & unexpected expenses |
| Opening/Minimum | Often higher ($500 - $1,000+) | Often Low ($0 - $100) |
Disclaimer: This is not a financial advice and Maxint is not affiliated with any financial instiution, product or service.
Top 11CD offers sorted by APY:
Last updated: June 18, 2026
| APY | Institution | Offer | Target |
|---|---|---|---|
| 4.05% |  Marcus by Goldman Sachs | Marcus by Goldman Sachs 6 Month CD → | personal |
| 4.00% |  Limelight Bank | Limelight Bank 6 Month CD → | personal |
| 4.00% |  Brilliant Bank | Brilliant Bank 9 Month CD → | personal |
| 4.00% |  Bread Savings | Bread Savings 6 Month CD → | personal |
| 3.85% |  Charles Schwab | Charles Schwab 2 Year CD → | personal |
| 3.65% |  Crescent Bank | Crescent Bank 12 Month CD → | personal |
| 0.00% |  Fidelity | Fidelity 3 Month CD → | personal |
| 0.00% |  Banesco | Banesco 3 Month CD → | personal |
| 0.00% |  Popular Direct | Popular Direct 12 Month CD → | personal |
| 0.00% |  Synchrony Bank | Synchrony Bank 13 Month CD → | personal |
| 0.00% |  First Internet Bank of Indiana | First Internet Bank 6 Month CD → | personal |
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