Major US Banks Offer Competitive CD Rates Amid Market Volatility
The top CD rates from major banks in the US as of August 28, 2026, have been released by Fortune. The highest APY among the listed banks is 4.25% at American Express for a term of 10 months with no minimum deposit required. Other notable offers include Chase's 3.30% (3.80% jumbo) for 4 months with a $1,000 ($100,000 jumbo) minimum deposit, and Citibank's 4.15% for 12 months with a $500 minimum deposit.
Large banks offer several benefits when it comes to CDs, including the ability to keep all banking in one place, often more CD options available, and relationship rate bumps for existing customers. However, their rates may not always be the strongest, making it wise to shop around.
CD laddering is a strategy that helps investors access liquidity while earning competitive rates. This involves opening several CDs with different term lengths so they mature at staggered intervals, allowing for regular access to funds without early withdrawal penalties.