Earn 4.40% Now—Then Watch for a Post-Fed Bump

See how much more your savings could earn

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September 17, 2026 8:28pm EDT

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Make the Most of Rising Savings Rates

The Fed just raised interest rates, making the market even more attractive for savers. The best high-yield savings account currently offers a competitive 4.40% APY, but with the latest Fed move, rates could climb even higher. Savings accounts have variable rates, which tend to move with the Fed rate, so if you open an account today, you may see your APY increase soon.

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.

Get 4.40% APY Now

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Lock in up to 5% APY with a top CD: CD rates are fixed, unlike savings accounts, but that means you can lock in a high yield and secure a guaranteed return. Our ranking of the best CDs includes 20 accounts with APYs of 4.40% to 5.00%—much higher than the rates you’ll find with most big bank CDs.

The top 1-year CD just jumped: The best 1-year CD rate just rose 9 bps to 4.45%, the highest we’ve seen since September of last year. This return is well above the national average of 1.71% 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 Fed rate changes make a long-term bet feel too risky, the best 18-month CDs offer a smart middle ground. The top APY today is 4.50%, up 50 basis points from February. Lock in a premium rate now and adjust your strategy when your CD term ends.

Lock in guaranteed growth for your 2028 goal: The top 2-year CD rate is 4.45%, nearly three times the average national rate of 1.57% APY. Instead of waiting for potential rate shifts, opening a two-year CD today offers a predictable return through 2028 while keeping your savings on track.

Defend your wealth through summer 2030: Don’t miss out on earnings today, waiting for a small rate increase. The best 4-year CD rates are up 20 basis points since July to 4.50%, giving you an easy way to put your savings on autopilot and tune out the volatility of coming years.

Jumbo deposits deserve jumbo rates: If you have a large cash balance, the best jumbo CDs can secure a competitive, guaranteed return for months or years. With required deposits usually at $100,000, the payout with interest can be a hefty chunk of change—and waiting for more Fed moves could cost serious money.

Earn 4.00% with check-writing features: Get the convenience of a checking account without giving up high yields. 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 continue to 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 have variable rates and often outperform savings accounts and CDs, as long as you meet monthly requirements.

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Earn 4.40% Now—Then Watch for a Post-Fed Bump

See how much more your savings could earn

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