Synchrony Bank offers the highest 16-month CD rate at 4.30% APY amid stable Fed policy in 2026.
Synchrony Bank is offering the highest certificate of deposit rate at 4.30% APY for a 16-month term as of August 14, 2026. This follows a period of declining rates after the Federal Reserve cut its benchmark rate six times in 2024 and 2025.
CD rates have stabilized in 2026, with the Fed leaving rates unchanged year-to-date. Shorter-term CDs, particularly those under one year, continue to offer the most competitive yields. The national average CD rate remains significantly lower than top offers, underscoring the value of rate shopping.
Online banks and neobanks are leading with higher rates due to lower operational costs compared to traditional brick-and-mortar institutions. Investors seeking secure, high-yield savings options are increasingly turning to these platforms.