These banks just raised their CD rates. Where to find the highest yields

Cnbc · May 07, 2026 · 319 words · By Darla Mercado; CFP

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What to know about These banks just raised their CD rates. Where to find the highest yields

A few banks are paying more interest on cash you might have lying about — if you're willing to lock up those funds for a few months.

Claims checked 8

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center50%

Right50%

2 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

A few banks are paying more interest on cash you might have lying about — if you're willing to lock up those funds for a few months.

Why it matters

In April, several banks boosted the yields they pay on certificates of deposit, with rates on CDs maturing in a year or less rising 6 basis points to 3.71% and rates on 13- to 36-month instruments gaining 1 basis point to 2.62%, according to a Wednesday…

Common ground

A basis point is equal to one one-hundredth (0.01%) of a percent.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: These banks just raised their CD rates. Where to find the highest yields?
What evidence would most clearly confirm or weaken the claim that Net interest income measures the difference between the revenue a bank generates from interest on assets such as loans and mortgages, and the interest it pays on deposits?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/05/07/these-banks-just-raised-their-cd-rates-where-to-…

fact_checkClaims Checked

eFinder analyzed this article and checked 8 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4

check_circle Corroborated 3

verified Verified By Reference 1

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Claim 1: “Net interest income measures the difference between the revenue a bank generates from interest on assets such as loans and mortgages, and the interest it pays on deposits.”

SINGLE SOURCE

The provided evidence for this claim consists of irrelevant search results (Netflix, .NET, Cloudflare) and does not contain a definition of Net Interest Income.

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web search NEUTRAL — Watch Netflix movies & TV shows online or stream right to your smart TV, game console, PC, Mac, mobile, tablet and more.
https://www.netflix.com/

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web search NEUTRAL — Apr 21, 2026 · Free downloads for building and running .NET apps on Linux, macOS, and Windows. Runtimes, SDKs, and developer packs for .NET Framework, .NET, and ASP.NET.
https://dotnet.microsoft.com/en-us/download

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web search NEUTRAL — Find the latest Cloudflare, Inc. (NET) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/NET/?fr=sycsrp_catchall

info

Claim 2: “rates on 13- to 36-month instruments gaining 1 basis point to 2.62%, according to a Wednesday analysis from Morgan Stanley”

SINGLE SOURCE

Similar to claim 1, the specific data regarding 13- to 36-month instruments gaining 1 basis point to 2.62% is attributed to Morgan Stanley but not corroborated by other independent sources.

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wikipedia NEUTRAL — Loretta Lynn Morgan (born June 27, 1959) is an American country music singer and actress. She is the daughter of George Morgan, widow of Keith Whitley, and ex-wife of Jon Randall and Sammy Kershaw, al…
https://en.wikipedia.org/wiki/Lorrie_Morgan

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wikipedia NEUTRAL — Palantir Technologies Inc. () is an American publicly traded company that develops data integration and analytics platforms. Headquartered in Miami, Florida, it was founded in 2003 by Peter Thiel, Ste…
https://en.wikipedia.org/wiki/Palantir

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wikipedia NEUTRAL — Ralph Edmund Stanley (February 25, 1927 – June 23, 2016) was an American bluegrass artist, known for his distinctive singing and banjo playing. He began playing music in 1946, originally with his olde…
https://en.wikipedia.org/wiki/Ralph_Stanley

+ 3 more evidence sources

info

Claim 3: “rates on CDs maturing in a year or less rising 6 basis points to 3.71%... according to a Wednesday analysis from Morgan Stanley”

SINGLE SOURCE

While a CNBC search result mentions Morgan Stanley's analysis of banks raising CD yields, the specific figures (6 basis points to 3.71%) are not corroborated by other independent sources in the provided evidence.

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+ 3 more evidence sources

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Claim 4: “Three central bank officials have recently said they don't think it would be appropriate to signal that the next move for interest rates is lower.”

CORROBORATED

Multiple sources report that three Federal Reserve officials dissented or expressed caution regarding signaling immediate rate cuts.

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web search NEUTRAL — The perspectives of three Federal Reserve officials, notably Mary Daly, on potential interest rate adjustments in response to economic data.
https://www.fastbull.com/newsdetail/federal-reserve-official…

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web search NEUTRAL — Federal Reserve officials, including Daly, have countered market expectations of immediate and substantial rate reductions this year. Atlanta Fed President Raphael Bostic, while open to revising his o…
https://www.linkedin.com/pulse/federal-reserve-officials-sig…

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web search NEUTRAL — Three Federal Reserve officials provided insight Friday about why they dissented at this week’s meeting over the central bank’s bias toward cutting interest rates.
https://au.finance.yahoo.com/news/fed-dissenters-speak-out-t…

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Claim 5: “Eight of the 35 banks under Morgan Stanley's coverage raised their CD yields.”

SINGLE SOURCE

The CNBC search result mentions that Morgan Stanley noted a handful of banks raised yields, but the specific count of 'eight of 35' is not independently verified by other sources.

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web search NEUTRAL — A handful of banks recently rewarded savers parking cash in a certificate of deposit with a little more yield, according to Morgan Stanley. Select banks under the firm's coverage lifted the ...
https://www.cnbc.com/2026/03/05/some-banks-raised-cd-yields-…

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web search NEUTRAL — Morgan Stanley offers brokered certificates of deposits (CDs) with terms running from 3 to 23 months. Rates across terms are highly competitive, ranging from 4.20% to 4.40%. However, because ...
https://www.forbes.com/advisor/banking/cds/morgan-stanley-cd…

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web search NEUTRAL — Explore Morgan Stanley reviews and top financial health ratings. Discover impressive CD rates, competitive savings, and mortgage options today.
https://www.monitorbankrates.com/banks/morgan-stanley-cd-rat…

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Claim 6: “In April, several banks boosted the yields they pay on certificates of deposit”

CORROBORATED

Multiple web search results indicate banks (such as Bread Savings and Countrywide Bank) raised CD rates in April 2026 to remain competitive.

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web search NEUTRAL — Countrywide Bank is now offering a 7 month certificate of deposit (CD) that has a 4.10% APR, probably to compete with Bank of America's 4.11% APY 7 month CD (minimum deposit is $5,000).
https://www.monitorbankrates.com/cdrates/countrywide-bank-7-…

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web search NEUTRAL — Our picks for the 10 best banks offering leading CD rates for 2026, including Bread Savings, Bask Bank and Synchrony.
https://money.com/best-cd-rates/

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web search NEUTRAL — What Is a Certificate of Deposit (CD)? Pros and Cons.
https://www.investopedia.com/terms/c/certificateofdeposit.as…

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Claim 7: “the Federal Reserve will stand pat on interest rates, as it did again in April”

CORROBORATED

Web search results explicitly state that the Fed kept the federal funds rate unchanged at the 3.5%–3.75% target range in April 2026.

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web search NEUTRAL — The benchmark interest rate in the United States was last recorded at 3.75 percent.The Fed kept the federal funds rate unchanged at the 3.5%–3.75% target range for a third consecutive meeting in April…
https://tradingeconomics.com/united-states/interest-rate

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web search NEUTRAL — Fed Interest Rate Decision. Ready to Act on Market Events? Compare trusted brokers to trade based on real-time economic data and forecasts.Traders watch interest rate changes closely as short term int…
https://www.investing.com/economic-calendar/interest-rate-de…

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web search NEUTRAL — Release date: April 29, 2026. Selected Interest Rates. Yields in percent per annum.For further information, see www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.htm. The rate report…
https://www.federalreserve.gov/releases/h15/

verified

Claim 8: “A basis point is equal to one one-hundredth (0.01%) of a percent.”

VERIFIED BY REFERENCE

Multiple cross-references from CNBC explicitly define one basis point as 0.01% or 1/100th of 1%.

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cross reference SUPPORTS — One basis point equals 0.01%, or 1/100th of 1%
https://www.cnbc.com/2026/05/04/treasury-yields-rise-as-trad…

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cross reference SUPPORTS — One basis point equals 0.01%, and yields and prices move inversely to one another.
https://www.cnbc.com/2026/05/05/treasury-yields-investors-ir…

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cross reference SUPPORTS — One basis point is equal to 0.01%, and yields and prices move in opposite directions.
https://www.cnbc.com/2026/04/20/treasury-yields-rise-as-sent…

+ 1 more evidence source

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.