Best CD Rates Today: Lock in Up to 4% APY on Monday, June 22, 2026

💡 Top CD rates now offer up to 4% APY, but for how long?

The Federal Reserve's recent rate hike has sent shockwaves through the banking sector, with many investors looking to lock in high-yield CD rates. The good news is that CD rates have surged in recent weeks, with top rates now offering up to 4% APY.

Top CD Rates This Week

Bank of America is offering a 4.00% APY CD rate for a 1-year term, while Ally Bank is offering a 3.95% APY CD rate for a 2-year term. Meanwhile, Discover Bank is offering a 3.90% APY CD rate for a 5-year term.

Best CD Rates for Short-Term Investors

For short-term investors, CIT Bank is offering a 3.85% APY CD rate for a 6-month term, while Barclays is offering a 3.80% APY CD rate for a 9-month term.

Best CD Rates for Long-Term Investors

For long-term investors, Marcus by Goldman Sachs is offering a 3.75% APY CD rate for a 7-year term, while American Express National Bank is offering a 3.70% APY CD rate for an 8-year term.

What It Means for Investors