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CD rates at top U.S. banks rise to 4.45% as of Aug 4 2026, outpacing many online offers – see how term lengths and APY compare and what it means for savers.
A certificate of deposit (CD) at the nation’s biggest banks now offers a maximum annual percentage yield (APY) of 4.45% for a 15‑month term, the highest rate reported on August 4 2026 [2].
| At a glance | |
|---|---|
| Highest CD APY | 4.45% |
| Leading term | 15 months |
| Comparison to online banks | Online rates often lower, but some online brands match the 4.45% level |
| Market impact | No immediate equity market move reported; higher CD yields may attract deposit inflows from savers seeking fixed‑rate returns |
Fortune’s August 4 2026 roundup shows APYs ranging from 4.25% to 4.45% across the major banks, with the top rate tied to a 15‑month CD. These figures sit above many online‑only institutions, which typically pass cost savings to customers but have not uniformly reached the 4.45% ceiling. The spread reflects the banks’ ability to leverage larger balance‑sheet resources to offer competitive fixed‑rate products while still maintaining a margin over short‑term funding costs.
Higher CD yields give savers a guaranteed return that is insulated from the volatility of short‑term interest‑rate markets. For customers already consolidating checking, savings, and loan accounts at a single institution, the “relationship rate bump” can further enhance the effective APY, as banks reward existing patrons with slightly better terms [2]. This incentive structure may drive deposit migration from lower‑yielding accounts, supporting banks’ liquidity positions amid a broader environment of rising rates.
The new 4.45% CD rate underscores how large banks are using competitive fixed‑rate products to retain and attract deposits, a dynamic that will be tested by any further shifts in monetary policy or online‑bank competition.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Aug 4, 2026 · How we report
Banks earn income mainly from the spread between interest paid on deposits and interest charged on loans, as well as from transaction fees and financial advisory services.
Banks are subject to minimum capital requirements based on the international Basel Accords.
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