CD Rates See Upward Trend After Fed Rate Hike

The current CD rates are offering yields up to 4.75% APY as of September 17, 2026. With three Federal Reserve cuts to the federal funds rate in 2025 and subsequent financial institution reductions, many thought CD rates would decline further. However, after the Fed raised the federal funds rate in September 2026, there seems to be an upswing in these rates.

The highest rate available is from Morgan Stanley's 5-year CD. The Fortune-Curinos partnership has curated a list of CDs with varying term lengths from 1 month to 10 years to help individuals find the best deposit account for their needs.

It's essential to evaluate and compare different CD rates, taking into account factors such as time frame, APY, opening balance, withdrawal penalties, and protection. The FDIC or NCUA insurance can provide deposit safety for institutions backed by these organizations.