Right now there is no single bank that always has the highest CD rates, and the “top” bank changes frequently by term (3‑month, 6‑month, 1‑year, etc.) and even by your location. Because financial institutions update CD rates constantly, it is necessary to check current comparison sites or each bank’s own website on the exact day you plan to open a CD. Since direct lookups are not available in this reply, here is how to quickly find which bank has the highest CD rates today in a reliable way:

How to find the highest CD rates

  • Go to 2–3 large, independent rate aggregators (for example, widely known personal-finance comparison sites or major business news outlets) and filter by CD term (3, 6, 12, 18, 60 months, etc.). These sites usually show “best CD rates today” sorted from highest APY downward and updated frequently.
  • Check that the institution is FDIC- or NCUA-insured, the minimum deposit requirement fits your budget, and that you are eligible to open the account (some credit unions are limited by membership).
  • Open the bank or credit union’s official site in a separate tab and confirm the APY, term, and early withdrawal penalty before applying, because promotional or “up to” rates shown on comparison sites may not reflect what you personally qualify for.

Typical patterns you’ll see

  • Online banks and credit unions usually post the most competitive CD rates, often higher than the biggest brick‑and‑mortar national banks, because they have lower overhead and use high APYs to attract deposits.
  • For any given day, you will often see several institutions clustered near the top (for example, multiple banks within about 0.10–0.25 percentage points of each other), rather than one clear “winner” that dominates every term.
  • Shorter‑term CDs (around 3–6 months) sometimes have slightly higher top APYs when the market expects rates to fall, while at other times 1‑ to 2‑year terms are more attractive; this shifts as interest‑rate expectations change.

What to focus on besides “highest”

When comparing which bank has the best CD for you, look beyond the headline number:

  • Early withdrawal penalty: Some CDs charge several months of interest if you need the money early; a slightly lower APY with a milder penalty can be more flexible.
  • Minimum deposit: Some top‑advertised rates require several thousand dollars; others allow you to start at $0–$1,000. Make sure the minimum fits your plan.
  • Term and laddering: Instead of chasing a single “highest” rate, many savers build a CD ladder (multiple CDs with staggered maturities), which balances yield with ongoing access to some of your cash.

Practical step‑by‑step checklist

  1. Decide how long you can leave the money untouched (your time horizon).
  2. Look up “best CD rates today” on at least two major comparison sites and filter to your chosen term.
  1. Make a shortlist of 3–5 institutions within 0.10–0.20 percentage points of the top APY.
  2. Visit each institution’s site to confirm APY, penalties, and minimums, then choose the CD that best matches your time horizon and flexibility needs—not just the single numerically highest rate.

Bottom line: the answer to “which bank has the highest CD rates” is always time‑sensitive, so the best move is to use current comparison tools and then verify directly with the bank or credit union before you open the CD.

Information gathered from public forums or data available on the internet and portrayed here.