{"id":5081,"date":"2026-08-07T09:41:17","date_gmt":"2026-08-07T09:41:17","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5081"},"modified":"2026-08-07T09:41:17","modified_gmt":"2026-08-07T09:41:17","slug":"top-cd-rates-from-major-banks-on-august-7-2026-chase-cds-bank-of-america-cds-citibank-cds-and-more","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5081","title":{"rendered":"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more"},"content":{"rendered":"<div>\n<p>Not everyone wants to open an account at an online bank they\u2019ve barely heard of. If you prefer sticking with a major institution, these CD offerings deserve your attention.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5079\">\u2018Pure insanity\u2019\u2014Elon Musk details SpaceX\u2019s plan to turn the moon into its newest manufacturing site<\/a><\/p>\n<p><em>Rates accurate as of Aug. 7, 2026.<\/em><\/p>\n<div>\n<div>\n<p>See our picks for the best certificates of deposit.<\/p>\n<\/div>\n<\/div>\n<div><!--$!--><!--\/$--><\/div>\n<p>There\u2019s comfort in banking with names like Chase and Wells Fargo\u2014names that have been around for decades. That familiarity alone draws plenty of people in. But beyond the brand, a few practical advantages come with opening a CD at a large bank:<\/p>\n<ul>\n<li>Many people already hold checking accounts, savings accounts, auto loans, or mortgages at a big bank. Sticking with that bank for your CD means managing everything from a single institution.<\/li>\n<li>Larger banks frequently (though not universally) stock a deeper roster of CD terms and types than smaller competitors.<\/li>\n<li>If you\u2019re already a customer, some banks will boost your CD APY as a loyalty perk. Whether that rate actually beats what a leaner digital bank offers depends on the situation; online banks keep expenses low and pass the savings on. And it\u2019s notable that some online-oriented banks like American Express are recognizable names and also often lead the pack on CD rates.<\/li>\n<\/ul>\n<p>A certificate of deposit (CD) works a bit like a high-yield savings account, but with tighter rules and, in many cases, a higher interest rate to compensate.<\/p>\n<p>You deposit a lump sum and promise not to touch it for a predetermined term. If you break that promise, you\u2019ll owe early withdrawal penalties. On the other hand, your interest rate is locked in from day one and won\u2019t budge regardless of market conditions.<\/p>\n<p>Once the term wraps up and your CD matures, the money is yours to do with as you please: Withdraw it, move it to a different account, or open a new CD. Banks typically auto-renew CDs at maturity, but most allow a grace period so you can weigh your options first.<\/p>\n<p>The classic fixed-rate CD is just one of several options. Banks have developed a range of specialty CDs aimed at different financial situations. Here are the most common:<\/p>\n<ul>\n<li>Access your funds before the term expires without a fee. The downside is that APYs tend to be lower.<\/li>\n<li>If rates on your CD product go up mid-term, you can request the higher APY.<\/li>\n<li>A designation for CDs with large minimum deposits, which may come with slightly better rates.<\/li>\n<li>Lets you use a CD to build retirement savings. You can fund it with money already in an IRA or make new contributions\u2014just keep in mind the annual IRA contribution limit ($7,000 under age 50; $8,000 for those 50 and older).<\/li>\n<li>A conservative way to earn interest on business reserves. Like IRA CDs, business CDs are available in multiple formats.<\/li>\n<\/ul>\n<div>\n<div>\n<p>See our picks for the best no-penalty CDs of 2026.<\/p>\n<\/div>\n<\/div>\n<p>The term you select could easily be the most important part of opening a CD. It controls how long your funds are committed\u2014and how long you\u2019ll wait before accessing them penalty-free.<\/p>\n<p>A longer term locks in your APY, which is great when rates are high. You\u2019ll be protected if the market dips. But if rates rise during your term, you\u2019re left on the sidelines\u2014your money is stuck earning the original rate unless you want to pay an early withdrawal penalty.<\/p>\n<p>Ask yourself two things:<\/p>\n<ol>\n<li>How long are you willing to go without touching this money?<\/li>\n<li>What APY does this term pay? Rates aren\u2019t uniform across term lengths.<\/li>\n<\/ol>\n<p>For a way to get liquidity and competitive rates at the same time, look into CD laddering.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5078\">Meta becomes third major AI lab after Anthropic and OpenAI to admit its agents have gone rogue\u2014one day after Muse Code launch<\/a><\/p>\n<p>CD laddering is a strategy that helps you invest in CDs over a longer time without surrendering access to all your cash. The idea is straightforward: Open several CDs with different term lengths so that they mature at staggered intervals.<\/p>\n<p>To illustrate, suppose you have $5,000 available. You might split it as follows:<\/p>\n<ul>\n<li>$1,250 into a 6-month CD<\/li>\n<li>$1,250 into a 12-month CD<\/li>\n<li>$1,250 into a 18-month CD<\/li>\n<li>$1,250 into a 24-month CD<\/li>\n<\/ul>\n<p>Each time a CD matures\u2014every six months in this case\u2014you get $1,250 plus interest back. From there, you can spend it, save it, or funnel it into another 24-month CD to keep the ladder rolling.<\/p>\n<p>Large banks deliver the broadest array of CD terms and account types, along with the dependability of an established name. Their rates, however, aren\u2019t always the strongest\u2014so shopping around is wise. Head over to our post on the best certificates of deposit for a look at the top current deals.<\/p>\n<details>\n<summary><span><\/p>\n<h3>Are CDs at large banks safer than CDs at smaller banks?<\/h3>\n<p><svg><\/svg><\/span><\/summary>\n<p>CDs at large banks are not really safer than CDs at smaller banks. As long as the bank is insured by the FDIC, your money is generally as safe at a small bank. If it\u2019s a credit union, check that they\u2019re insured by the NCUA.<\/p>\n<\/details>\n<details>\n<summary><span><\/p>\n<h3>How often do big-name banks change their CD rates?<\/h3>\n<p><svg><\/svg><\/span><\/summary>\n<p>Big-name banks change their CD rates regularly. You may find that some CD terms change every couple weeks\u2014exhibiting the value of opening a long-term CD. If you see a rate that you like, best to jump on it.<\/p>\n<\/details>\n<details>\n<summary><span><\/p>\n<h3>Can I lose money with a CD from a big bank?<\/h3>\n<p><svg><\/svg><\/span><\/summary>\n<p>You can\u2019t lose money with a CD from a big bank, or any bank really, in the same way that you could with a riskier investment like the stock market. That said, you might effectively \u201close\u201d money if the interest you earn is lower than the inflation rate. You won\u2019t be able to access and reinvest your money into something more profitable until your account terms (or unless you pay fees).<\/p>\n<\/details>\n<details>\n<summary><span><\/p>\n<h3>Should I keep all my CDs at the same large bank or spread them around?<\/h3>\n<p><svg><\/svg><\/span><\/summary>\n<p>It\u2019s OK to keep all your money at the same large bank as long as your deposits are covered by the FDIC. This covers up to $250,000 per account holder per ownership category. If you\u2019ve got more than that, it\u2019s worth spreading the money around to other banks to ensure the FDIC covers it all.<\/p>\n<details>\n<summary><span><\/p>\n<h3>Are CD rates at big banks always lower than at smaller online banks?<\/h3>\n<p><svg><\/svg><\/span><\/summary>\n<p>CD rates at big banks are not always lower than at smaller online banks. It\u2019s true that online banks tend to offer more consistently impressive returns than big banks due to their lack of overhead and lower operational costs. But big banks often issue a handful of APYs that rival the best rates on the market.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5076\">We\u2019re \u2018me-maxxing\u2019 so much, we\u2019re saying 30% fewer words a day than we did 20 years ago<\/a><\/p>\n<\/details>\n<\/details>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A deposit account at a bank you already recognize can be a safe way to earn interest on your money.<\/p>\n","protected":false},"author":1,"featured_media":5080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-5081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-certificates-of-deposit-cds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5081\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"A deposit account at a bank you already recognize can be a safe way to earn interest on your money.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=5081\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-07T09:41:17+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more\",\"datePublished\":\"2026-08-07T09:41:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081\"},\"wordCount\":1168,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/0dd81557d9da77785f359b93e49a9e11.webp\",\"articleSection\":[\"Certificates of Deposit (CDs)\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081\",\"name\":\"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/0dd81557d9da77785f359b93e49a9e11.webp\",\"datePublished\":\"2026-08-07T09:41:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/0dd81557d9da77785f359b93e49a9e11.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/0dd81557d9da77785f359b93e49a9e11.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=5081#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=5081","og_locale":"en_US","og_type":"article","og_title":"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more - Cross Country Moving Team","og_description":"A deposit account at a bank you already recognize can be a safe way to earn interest on your money.","og_url":"https:\/\/crosscountrymovingteams.com\/?p=5081","og_site_name":"Cross Country Moving Team","article_published_time":"2026-08-07T09:41:17+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5081"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more","datePublished":"2026-08-07T09:41:17+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5081"},"wordCount":1168,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/0dd81557d9da77785f359b93e49a9e11.webp","articleSection":["Certificates of Deposit (CDs)"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=5081#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=5081","url":"https:\/\/crosscountrymovingteams.com\/?p=5081","name":"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/0dd81557d9da77785f359b93e49a9e11.webp","datePublished":"2026-08-07T09:41:17+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=5081"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/0dd81557d9da77785f359b93e49a9e11.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/08\/0dd81557d9da77785f359b93e49a9e11.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=5081#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"Top CD rates from major banks on August 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/5081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5081"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/5081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/5080"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}