Top CD rates from major banks Aug. 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Major U.S. banks are offering certificates of deposit (CDs) with APYs up to 4.25% as of August 2026. The article explains the benefits and risks of choosing large financial institutions for fixed-rate savings products.
Why it matters
Understanding CD terms and interest rates is essential for personal financial planning in a fluctuating interest rate environment.
CD accounts from the biggest banks (as determined by FDIC numbers) offer APYs up to 4.25% as of Aug. 24, 2026. Terms range from four months to 15 months.
When you want to keep your savings with an institution that’s a household name—rather than shopping around among smaller online banks—one of these CDs might be exactly what you need.
See our picks for the best certificates of deposit .
Name recognition may be your main driver to bank with financial institutions like Chase and Bank of America; you may not want to trust your money with some obscure brand you’ve never heard of. But there are additional benefits to opening a CD with a big bank:
A certificate of deposit (CD) similar in some ways to a high-yield savings account . It’s considerably more restrictive than a traditional savings account—but often with the benefit of a better return rate.
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