CD rates top out at 4% APY as Fed holds rates steady in 2026

The highest certificate of deposit rate available on May 14, 2026, is 4% APY, offered by Marcus by Goldman Sachs on a nine-month CD, as deposit yields continue to ease from recent highs. CD rates remain above historical averages but have declined since the Federal Reserve began cutting its target rate. The Fed reduced rates three times in late 2024 by a total of 1 percentage point and has kept rates unchanged so far in 2026. Deposit rates do not move directly with the federal funds rate, but they are closely correlated. With the Fed on hold and prior cuts filtering through the banking system, financial institutions have been lowering CD yields, making current offers potentially attractive for savers seeking to lock in fixed returns.