Best CD rates
Rates as of July 13, 2026.
These top CD rates beat the FDIC national 1-year average of 1.65% several times over. But compare against Treasuries first: a 1-year T-bill yields 4.12% and its interest is exempt from state income tax — so in a high-tax state it can beat a higher-APY CD.
| Institution | Term | APY | Min | Early withdrawal | vs national avg |
|---|---|---|---|---|---|
| Rising Bank | 6-month | 4.21% | $1,000 | 90 days' interest | +2.56% |
| Popular Direct | 1-year | 4.17% | $10,000 | 270 days' interest | +2.52% |
| Limelight Bank | 6-month | 4.15% | $1,000 | 90 days' interest | +2.5% |
| Bread Savings | 9-month | 4.15% | $1,500 | 90 days' interest | +2.5% |
| BTG Pactual Bank | 1-year | 4.15% | $500 | varies — check terms | +2.5% |
| Sallie Mae Bank | 15-month | 4.15% | $2,500 | 180 days' interest | +2.5% |
| CIBC Bank USA (Agility) | 18-month | 4.15% | $1,000 | 30 days' interest | +2.5% |
| Bask Bank | 1-year | 4.1% | $1,000 | 90 days' interest | +2.45% |
APYs are a dated snapshot and change frequently — verify the current rate with the institution before opening an account. CD and savings interest is taxable as ordinary income (federal and state).
Deposit calculator
See what a deposit grows to — and what you'd actually net if you break a CD early. (Savings has no early-withdrawal penalty, so leave it at 0.)
Is a Treasury better after tax?
Treasury interest is exempt from state income tax, so in a high-tax state a lower-yield T-bill can beat a higher-APY CD. Enter your marginal tax rates to compare after-tax, like for like.
After-tax comparison only; both are very low risk. Treasuries (and Treasury money-market funds) are state-tax-free; CD and savings interest is fully taxable. Confirm your bracket — this is not tax advice.
Frequently asked questions
What is the best CD rate right now (July 2026)?
The top nationally available CD in our July 2026 check pays 4.21% APY (Rising Bank, 6-month) — versus an FDIC national 1-year average of 1.65%.
Are CDs better than Treasury bills?
Often not after taxes: a 1-year T-bill yields 4.12% and its interest is exempt from state income tax, so in a high-tax state it can beat a higher-APY CD. Treasuries also sell on a secondary market instead of charging an early-withdrawal penalty.