CD Rates Jumped in 6 Terms—Plus a 5.00% APY Offer Ending Sunday

The best CDs remain competitive for short and long terms

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May 28, 2026 12:30pm EDT

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Secure a Top-Tier Yield With Inflation at a Three-Year High

CD rates have climbed over the last month in six of the term ranges we track, giving savers a prime opportunity to outpace the latest 3.8% inflation reading. But your chance to lock in the absolute highest yield on the CD market is running out fast, as our top-rated 5.00% deal expires this Sunday, May 31.

This 5.00% offer is for a 5-month term and a maximum deposit of $5,000—perfect if you want to earn an above-average yield on a small balance. With the average traditional savings account offering just 0.38% APY, the best CDs beat the norm by more than 13x and provide a substantial spread over inflation.

Lock In a High CD Rate Now

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Stay liquid with a high-yield savings account: While CDs are ideal for locking in today’s peak rates, high-yield savings accounts offer a variable APY with the freedom to withdraw your money whenever you need it, perfect for an emergency fund. The best high-yield savings accounts also outpace inflation, offering up to 5.00% APY right now.

Up to 4.18% APY and zero guesswork for 365 days: The most competitive 1-year CD right now has a rate higher than we’ve seen since early April, and it’s well above the national average, protecting your savings from future rate dips. Bypass the uncertainty of the 2026 market and secure a solid return without making a long-term commitment.

The CD sweet spot: If a year feels too short but the current inflation spike makes a long-term bet feel too risky, the best 18-month CDs offer a smart middle ground. The top rate is up 15 basis points from 2 weeks ago. Lock in a premium rate today, and adjust your strategy in 2027 as necessary when your CD term is up.

Save money for long-term goals in a multi-year CD: There’s always a chance the Fed could push rates higher to combat sticky inflation, but waiting for the “perfect” peak could mean missing out on today's best offers. The top 2-year CD is at a rate not seen since August, 2025. Snag it now to help you stay ahead of inflation.

Defend your wealth until spring 2030: Short-term rates might grab the headlines, but the best 4-year CDs allow you to lock in a great APY and ignore the volatility of the coming years. A long-term CD can help put your savings on autopilot.

Grow your long-term savings at 4.25% APY: There’s no telling how the market will change over the next few years, but history suggests that today’s elevated rates won’t last forever. Top 5-year CD rates are back to 4.25%, matching some of the best offers seen since September, 2025. Opening one now can act as a buffer against the day the Fed tames inflation and rates come down.

Save more and stay flexible with a money market account: Money market APYs can change when the Fed makes an adjustment, but with the central bank expected to hold firm for now, the best rates of 4.00% are likely to hold as well. MMAs bridge the gap between savings and checking accounts, offering high yields with the added utility of check-writing privileges.

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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CD Rates Jumped in 6 Terms—Plus a 5.00% APY Offer Ending Sunday

The best CDs remain competitive for short and long terms

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