Best CD Rates Today: Top Accounts Offer 4% APY

💡 The best CD rates today reach as high as 4% APY, making them an attractive option for investors seeking low-risk returns.

The Federal Reserve delivered a hawkish surprise on Wednesday, signaling that interest rate cuts remain further away than markets had hoped. Fed Chair Jerome Powell told reporters that the central bank needs "greater confidence" that inflation is sustainably declining before it will consider easing policy.

The 10-year Treasury yield surged to 4.8% in the aftermath, its highest level since October 2023. $TLT fell sharply as bond traders repriced the timing of the first cut from March to June.

Top CD Rates for June 2026

With interest rates remaining elevated, high-yield savings accounts and certificates of deposit (CDs) are becoming increasingly attractive to investors seeking low-risk returns. High-yield CDs, in particular, offer a compelling option for those willing to lock their money away for a fixed period.

Best CD Accounts for 4% APY

Several top CD accounts are currently offering 4% APY, making them a great option for those seeking a stable return on their investment. Marcus by Goldman Sachs, for example, offers a 4-year CD with a 4.05% APY, while Discover Bank offers a 3-year CD with a 4.10% APY.

CD Rates vs. High-Yield Savings Accounts

While CD rates are generally higher than high-yield savings accounts, the latter offer greater flexibility and liquidity. High-yield savings accounts, such as those offered by Ally Bank and CIT Bank, typically allow investors to withdraw their money at any time, making them a better option for those who may need access to their funds.

What It Means for Investors