CD Valet’s April 2026 rate trends report shows that many institutions appear to be holding rates steady or selectively increasing yields to remain competitive.
The February 2026 RateWatcher Report from CD Valet reveals how financial institutions are leveraging CDs as a growth engine.
Rates on this page were last verified by CD Valet on October 12, 2026. Every APY shown was posted publicly by the financial institution and every institution is FDIC-insured or NCUA-insured. Who has the highest CD rate right now? As of October 12, 2026, the highest CD rate verified by CD Valet is 9.00% APY
Certificates of Deposit (CDs) are one of the most straightforward ways to grow your savings. They offer a fixed rate that won’t change with predictable interest, and they carry very low risk when held through insured banks and credit unions. Savvy shoppers already know how to spot a great CD rate—but the rate alone doesn’t
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Yes, CD interest is taxable. The IRS treats the interest your certificate of deposit earns as ordinary income, taxed at your regular federal and state income tax rates rather than the lower long-term capital gains rate. You owe this tax in the year the interest is credited to your account, even if the CD has
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