# 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.

*fintech · news · 2026-04-10 · Fortune*

## Key points

- Large banks sometimes offer relationship rate bumps on CDs for existing customers.
- Big banks frequently provide a wider variety of CD terms and specialty types than smaller banks.
- CDs at large banks are not inherently safer than those at smaller banks if both are FDIC insured.
- Big-name banks may change their CD rates every few weeks, affecting timing for locking in rates.
- Some large banks occasionally offer CD rates that rival or exceed those of online banks.

**Companies:** Chase, Wells Fargo, American Express
**Countries:** United States

[Read the full story on Fortune](https://fortune.com/article/major-bank-cd-rates-04-10-2026/)

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