economy

March 5, 2026

Some banks raised CD yields last month. Where you can still snag 4%

The rates give savers another opportunity to lock in sweet yields in the event the Federal Reserve resumes its rate cuts.

Some banks raised CD yields last month. Where you can still snag 4%

TL;DR

  • Six out of 35 banks covered by Morgan Stanley increased their top CD rates in February.
  • The average highest CD rate rose by 4 basis points to 3.68% last month.
  • Reasons for the increase include uncertainty about the Fed's rate cut trajectory and improving bank loan growth.
  • Bread Financial, Marcus by Goldman Sachs, and Synchrony Financial are mentioned as offering rates of 4% or greater.
  • Savers should anticipate that renewal rates on CDs might be lower than current offerings.

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