4.40% APY: A New Top Savings Rate Just Landed

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August 27, 2026 8:47pm EDT

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Deposit Account Rates Are Moving Up

The top savings account rate rose to 4.40% on Wednesday thanks to a new offer from Vibrant Credit Union. That beats the latest inflation reading of 3.40% by a full percentage point.

If your savings aren’t earning at least 4.00% right now, you may be leaving money on the table. Our ranking of the best high-yield savings accounts includes 20 offers paying 4.00% or better, giving you plenty of options to grow your money.

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Lock in up to 5% APY with a top CD: Set it and forget it. Savings accounts offer flexibility, but the best CDs provide certainty. Our ranking includes 17 CD accounts with APYs of 4.35% to 5.00%, allowing you to easily beat inflation with guaranteed rates ranging from 4 months to 10 years.

Beat inflation with a 4.35% 1-year CD: The best 1-year CD rate is 4.35%, not far from the highest CD rate available. This return is well above the national average and beats the current inflation rate by nearly a percentage point. Grab it while you can.

The CD sweet spot: If 6 months feels too short but inflation makes a long-term bet feel too risky, the best 18-month CDs offer a smart middle ground. The top APY today is 4.35%, up 30 basis points from February. Lock in a premium rate now, and adjust your strategy when your CD term is up.

Lock in a rate for your 2028 goal: If you're saving for a goal two years out, locking in a high rate lets you set it and forget it. The top 2-year CD rate is 4.45%, offering a predictable return through 2028 while keeping your savings on track.

Defend your wealth until summer 2030: Short-term offers may grab headlines, but the best 4-year CD rates are attention-worthy too, up 20 basis points since July to 4.50%. A multi-year CD is an easy way to put your savings on autopilot and tune out the volatility of coming years.

Give your savings some certainty: The best 5-year CD is at 4.50%, the highest rate we’ve seen since August, 2024. This long-term commitment beats today’s inflation rate and guarantees a steady growth trajectory for your cash without having to chase the next rate move.

Earn 4.00% with check-writing features: Money market accounts let you write checks directly from your balance, and now offer up to 4.00% APY. With the central bank expected to hold firm or raise rates this year, the best deals are likely to stick around or even climb.

Earn even better rates with a high-interest checking account: If you already use a debit card regularly, you could earn up to 6.75% APY with the best high-interest checking accounts. These accounts often outperform savings accounts and CDs, as long as you meet monthly requirements.

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4.40% APY: A New Top Savings Rate Just Landed

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