On Thursday, Sept. 24, 2026, Happen Bank offered the highest reported CD rate: 4.40% APY on a two-year certificate. The article says many financial institutions, especially online banks, offered rates of 4% APY or more.
After its September meeting, the Federal Reserve raised its target range by 25 basis points to 3.75%–4.00%, according to the article. It says officials’ September projections pointed to one further hike before the end of 2026 and relatively high rates into 2027; CD rates may rise modestly, though the federal funds rate does not directly set them.
The article advises comparing a CD’s rate, term length, minimum deposit and fees. Taking money out before maturity may trigger an early-withdrawal penalty; applications are often online, and approved accounts can usually be funded by transfer or mailed check.
