Big Banks Offer Top CD Rates Amidst Economic Uncertainty

The top CD rates from major banks on October 1, 2026, have been revealed. According to Fortune, CDs at the nation's biggest banks are paying APYs up to 4.40%. The terms available range from 7 months to 12 months.

For those who value trust and stability, banking with a household name like Chase, Wells Fargo, or Bank of America can be appealing. In addition to name recognition, these big banks often provide a wider variety of CD terms and product types than smaller competitors.

The major banks listed in the Fortune article include:

• Chase: 3.50% APY for 7 months, minimum deposit $1,000 ($100,000 jumbo)
• Bank of America: 3.75% APY for 7 months, minimum deposit $1,000 ($100,000 jumbo)
• Citibank: 4.25% APY for 12 months, minimum deposit $500
• Capital One: 4.30% APY for 11 months, minimum deposit $0
• Wells Fargo: 3.99% (4.25% relationship APY) for 11 months, minimum deposit $5,000
• American Express: 4.40% APY for 10 months, minimum deposit $0

The article also highlights the benefits of CD laddering, a strategy that involves investing in CDs with different maturity dates to maintain periodic access to funds.