Best CD Rates Today, May 22, 2026: Up to 4% APY Return

💡 Top CD rates today offer up to 4% APY, a significant increase from last year's rates.

The recent surge in interest rates has led to a significant increase in CD rates, making it an attractive option for investors seeking a low-risk investment opportunity. With the Federal Reserve continuing to hike interest rates, it's essential for investors to understand the current CD rates and how they compare to historical averages.

Top CD Rates Today

The best CD rates today offer up to 4% APY, a significant increase from last year's rates. For example, Ally Bank's 5-year CD now offers a 4.00% APY, while Marcus by Goldman Sachs' 5-year CD offers a 4.05% APY. These rates are significantly higher than the 2.50% APY offered by the same banks just a year ago.

CD Rates Comparison

When comparing CD rates, it's essential to consider the APY, term length, and minimum deposit requirements. For instance, Discover Bank's 5-year CD requires a $2,500 minimum deposit and offers a 4.10% APY, while Citibank's 5-year CD requires a $500 minimum deposit and offers a 4.00% APY.

Bank CD Rates

Not all banks offer the same CD rates, and some may require a higher minimum deposit or have stricter terms and conditions. For example, Wells Fargo's 5-year CD requires a $5,000 minimum deposit and offers a 4.05% APY, while Bank of America's 5-year CD requires a $1,000 minimum deposit and offers a 4.00% APY.

What It Means for Investors