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Are you looking for the best Certificate of Deposit (CD) rates today? Through April 22, 2026, Advani Federal Credit Union is offering the best rate for a 5-year CD at 4.34% Annual Percentage Yield (APY). A minimum deposit of $50,000 is required.
CDs are a low-risk way to grow your savings. Below, you’ll find today’s best CD rates by type, term length and category, along with tips for choosing the right one for your savings goals.
Best CD Rates for April 22, 2026
From short term to jumbo, here are some of the best CD rates available right now.
GOBankingRates Special Selection
- Duration: 2 year cd
- APY: 4.20%
- Minimum Deposit: $500
- Where to open: Mountain America Credit Union
- Why we like it: This is a great option if you want to lock in a solid return over two years without requiring a large upfront deposit.
Best CD Rates Today by Term Period
See today’s top CD rates by term along with the national average APY for each.
cd rate movement tracker
Rates remain steady this week, with no changes to top banks GOBankingRates tracks. Although the APY did not change, today’s prime rates are still ahead of the national average. For example:
- National average of 3 month CD: 1.20%
- Today’s Top 3 Month CD Rates: 4.00% from Northern Bank Direct
How much can you make from a CD right now?
A deposit of $50,000 in a five-year CD earning 4.34% APY will generate $11,833 in interest by the end of the term. These earnings are much higher than a standard checking or traditional savings account.
Here’s a chart comparing different deposit amounts and what you can earn after one year and then five years.
| Amount deposited | 1-Year at 4.34% APY | 5-Year at 4.34% APY |
|---|---|---|
| $1,000 | $43.40 | $236.67 |
| $5,000 | $217 | $1,183.35 |
| $10,000 | $434 | $2,366.71 |
| $20,000 | $868 | $4,733.42 |
| $25,000 | $1,085 | $5,916.77 |
Will CD rates go up or fall?
The Federal Reserve has lowered interest rates for the third time this year, indicating that more cuts may be on the way. As a result, CD rates are expected to decline gradually from recent highs.
Short-term CD rates may see the biggest changes, while long-term rates may remain stable – but likely lower than before. Nevertheless, some banks may continue to offer competitive rates to bring in new customers.
If you’re considering opening a CD, now might be a good time to lock it. With rates hovering around 4%, this may be near the peak of this rate cycle.
Final Verdict: Should you open a CD account today?
If you’re considering investing in CDs, consider what works best for your financial strategy.
- Looking for guaranteed returns? A short-term CD can secure a higher APY and give you the option to invest in another CD if rates rise again.
- Don’t need liquidity? If you don’t need the cash, long-term CDs are a good way to grow your money.
- Want flexibility? A no-penalty CD lets you earn interest while allowing you quick access to the funds.
pro tip
Consider CD laddering – a strategy where you divide your savings into multiple CDs with different maturity dates. This allows you to earn higher rates on longer-term CDs, while also giving you periodic access to cash as each CD matures.
Glossary of CD Terms
Understanding these common CD terms can help you make a better choice when comparing accounts and rates.
- Add-on CD: With add-on CDs, you can make later deposits after your initial funding. On the other hand, a standard CD limits you to one deposit at the beginning of the term.
- Brokered CD: This CD type is issued by a bank, but sold through a brokerage firm such as Fidelity. These CDs may typically offer higher rates or a wider selection of terms than those available at a local bank.
- Bump-up CD: During the term of the Bump-Up CD, account holders can increase their APY without changing the term. Typically, only one bump-up is allowed. These CDs are also known as “raise-your-rate” CDs.
- Penalty on early withdrawal: When you invest in a CD, you are locked in for a specific period of time. Unless you have a no-penalty CD, you will face an early withdrawal penalty if you withdraw funds before the maturity date.
- No-Penalty CD: This is a special type of CD that won’t penalize you if you withdraw the funds before the maturity date.
- stock certificate: A share certificate is issued by a credit union. Specialized CD accounts are usually issued by banks.
CD Rates FAQ
Have questions about CD accounts? This is what savers are asking most at this time.- What is the highest paid CD rate at this time?
- Advansal Federal Credit Union is currently offering the best rate for a 5-year CD at 4.34%.
- What should you consider when choosing a CD?
- When choosing a CD, consider the following factors:
- length of period
- interest rate
- Minimum Deposit Requirements
- penalty for early withdrawal
- CDs are generally safe investments, but many charge early withdrawal penalties if you use the funds before maturity. This reduces the overall return you get from the CD.
- When choosing a CD, consider the following factors:
- Are there any 6% CDs?
- Currently, the top CD rate available today is 4.34% APY. While 6% APY is not available in the current market, limited-time promotions occasionally pop up so it’s a good idea to check back regularly to catch the most competitive rates.
- Can you lose money on CDs?
- It’s rare, but you could lose money if the bank or credit union is not FDIC- or NCUA-insured, or if the CD is market-linked and the value falls.
Compare CD Rates
modus operandi: GOBankingRates analyzes deposit rates from banks and credit unions with nationwide availability. The best rates from this group are identified by focusing on the APY. The institutions listed in the daily chart are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Financial institutions may require certain eligibility criteria – such as membership, existing accounts or location-based restrictions – to open an account or qualify for the listed rates. Always verify account terms, conditions and regional availability with the institution before applying.
Editorial note: This content is not provided by any of the entities involved in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are solely those of the author and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
Rates are subject to change; Unless otherwise noted, rates are updated periodically. All other information on the accounts is accurate as of April 22, 2026.