Best CD Rates Today: Top Account Offers 4% APY on June 20, 2026

💡 Top certificate of deposit (CD) rates are offering 4% APY as of June 20, 2026

The current interest rate environment has led to a surge in certificate of deposit (CD) rates, providing investors with attractive alternatives to traditional savings accounts. The Federal Reserve's decision to maintain higher interest rates has caused a ripple effect throughout the financial sector, resulting in increased competition among banks and credit unions to offer higher CD rates.

Top CD Rates of the Week

Ally Bank's 5-year CD is currently offering a 4.00% APY, making it the top rate among major banks. This rate is significantly higher than the national average of 2.50% APY. Additionally, Discover Bank's 5-year CD is offering a 4.00% APY, providing investors with a competitive option.

Best Online CD Rates

Online banks are offering some of the highest CD rates available. CIT Bank's 5-year CD is offering a 4.05% APY, while Barclays Online CD is offering a 4.00% APY. These rates are subject to change and may not be available to all investors.

Long-Term CD Rates

Investors looking for long-term CD rates may want to consider Ally Bank's 10-year CD, which is offering a 4.25% APY. This rate is significantly higher than the national average and provides a stable source of income for investors.

What It Means for Investors