Top Online Bank CD Rates Have Fallen to 4.00 Percent APY in July 2026
The Federal Reserve's current 3.50–3.75 percent target range has pushed the best broadly accessible 12-month CD rates to roughly 4.00 percent APY, well below the 4.50 percent threshold still appearing in aggregator headlines. For investors in income-tax states, 52-week Treasury bills at 4.02 percent coupon-equivalent yield now match or beat top CDs on an after-tax basis due to state-tax exemption. Investors holding cash in a default brokerage sweep account are giving up approximately 70–75 basis points relative to T-bills or top-tier money market funds, the largest no-risk yield improvement currently available.