Top CD rates from major banks Sept. 4, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
The country’s biggest banks, ranked by FDIC data, are currently offering CD APYs reaching 4.25% as of Sept. 4, 2026. Term options span from four months to 15 months.
TL;DR
- Major banks are offering CD APYs up to 4.25% with terms from 4 to 15 months as of Sept. 4, 2026.
- Benefits of choosing a big bank for CDs include keeping all banking in one place, potentially more CD options, and relationship rate bumps.
- A CD locks your funds for a specific term in exchange for a guaranteed interest rate, with penalties for early withdrawal.
- Specialty CDs include no-penalty, bump-up, jumbo, IRA, and business CDs, each offering unique features.
- CD laddering involves staggering investments across CDs with different maturity dates to ensure periodic access to funds.
- FDIC insurance protects deposits up to $250,000 per account holder, per ownership category, making CDs at large and small banks equally safe.
- CD rates change frequently, and locking in a favorable rate with a longer term can be advantageous.