Principles of Management | Chapter 2 | Business Studies | Class 12 | Part 1
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Certificates of deposit (CDs) have seen rates rising even more, despite major banks lowering the rates on theri savings accounts.
As of August 19, 2026, the best 12-month CD rates reach up to 4.30% APY (annual percentage yield), with many banks and credit unions still offering yields far above the national average of 1.71%, according to the FDIC.
Over the last several weeks, rates have been rising slightly.
Now might be the best time to lock in a guaranteed rate. If you’re looking to earn a predictable return over the next year, these are the best CD rates available today.
💰 Today’s Best 12-Month CD Rates At a Glance
Here are the best bank and credit union savings accounts rates today:
Bank or Credit Union
Top APY
Minimum Deposit
Credit One Bank
4.30%
$100,000
E*TRADE
4.15%
$500
American First Credit Union
4.15%
$1
Alliant Credit Union
4.15%
$75,000
Live Oak Bank
4.10%
$2,500
1. Credit One Bank – Credit One Bank is offering a jumbo CD at 4.30% APY, but it does require a $100,000 minimum deposit to open.
2. E*TRADE – E*TRADE is currently offering a 12-month CD at 4.15% with just a $500 minimum deposit and no upper limit. Read our full E*TRADE review.
3. American First Credit Union – American First Credit Union is currently offering a 12-month CD in partnership with Raisin at 4.15%, with just a $1 minimum deposit. Read our full American First Credit Union Review.
4. Alliant Credit Union – Alliant Credit Union is currently offering a jumbo 12-month CD at 4.15% APY with a $75,000 minimum deposit, and a normal CD with $1,000 minimum for 4.10% APY. Read our full Alliant Credit Union review.
5. Live Oak Bank – Live Oak Bank is currently offering a 12-month CD at 4.10% APY with a $2,500 minimum to open. Read more about Live Oak Bank here.
You can find a full list of the best 12-month CDs here >>
How 12-Month CDs Work
A 12-month certificate of deposit pays a fixed interest rate for one year in exchange for keeping your money on deposit until maturity. If you withdraw early, the bank charges a penalty – typically 90 days of interest.
CDs appeal to savers who prefer guaranteed, short-term returns. While high-yield savings accounts offer flexibility, CDs can secure a higher fixed return for a set period, which can be helpful if rates are expected to decline.
For example, a $25,000 CD at 4.00% APY would earn roughly $1,000 in one year, compared with about $420 based on today’s national average 12-month CD rate.
What To Know Before Opening A CD
Certificates of deposit operate differently than savings accounts. Make sure you understand what you’re getting:
Short-Term Goals: Ideal for saving toward tuition, a wedding, or a home down payment within a year.
Rate Protection: A CD locks your APY, so you’re insulated from rate cuts.
Ladder Strategy: Pair a 12-month CD with longer terms (24- or 36-month) to capture higher rates while maintaining liquidity.
Safety:
FDIC or NCUA insurance protects up to $250,000 per depositor, per institution.
Before opening an account, make sure you understand all the terms:
Minimum Deposit: Some banks require $1,000 or more to open.
Withdrawal Terms: Review penalties before committing funds.
Renewal Policy: Many CDs automatically renew at maturity unless you opt out.
Rate Guarantees: Confirm whether your rate is locked at the time of application or funding.
Online Access: Ensure the bank allows easy transfers and e-statements.
How We Track And Verify Rates
At The College Investor, our editorial team reviews CD rates daily from more than 30 banks and credit unions nationwide. We confirm every APY directly from official rate disclosures and regulatory filings.
Only FDIC- or NCUA-insured institutions available to U.S. consumers are included.
Our rankings are editorially independent – compensation does not influence placement. While we may earn a referral fee when you open an account through some links, our reviews and recommendations are based solely on yield, accessibility, and overall customer experience.
FAQs
Are 12-month CDs safe?
Yes. CDs are federally insured up to $250,000 per depositor, per institution.
Can I withdraw my money early?
Yes, but you’ll forfeit some interest, typically three months’ worth.
Are CD earnings taxable?
Yes. Interest earned is subject to federal income tax, and in some states, state tax.
What happens when a CD matures?
You’ll usually have a 7- to 10-day grace period to withdraw or renew your funds.
Is now a good time to open a CD?
Rates remain near their cycle highs, so locking in a short-term CD can make sense before potential cuts.
Editor: Colin Graves
Reviewed by: Richelle Hawley
The post Best 12-Month CD Rates for August 19, 2026: Up to 4.30% appeared first on The College Investor.
Venezuela’s new petroleum minister sees her South American home not as a dilapidated former oil giant, but as an emerging energy economy ripe for U.S. and foreign investments in new oil and gas exploration, both onshore and offshore.
Paula Henao, who took over as the hydrocarbons minister in March after the forced U.S. removal of former leader Nicolás Maduro, told an overflowing Houston energy audience on Wednesday that Venezuela is much more than just its famed heavy-grade crude oil. There are more than 916 exploration opportunities awaiting foreign investment, she said, including natural gas and other untapped oil basins. She cited an estimated 192 trillion cubic feet of natural gas reserves, as well as the country’s world-leading proven oil reserves of more than 300 billion barrels.
“It’s an entire world waiting to be discovered, just waiting for us to reach these agreements so we can develop these new areas,” Henao said in Spanish to the crowd at the posh Post Oak Hotel in Houston.
Henao and leaders of the Venezuelan state oil company, PDVSA, were in Houston this week for meetings and a showcase event in advance of a bigger Venezuela Energy Week in February in Caracas.
“Go to Venezuela to invest, go to Venezuela to develop businesses there,” said PDVSA Vice President Jovanny Martinez, also speaking in Spanish. “We are at the right place at this historical moment. We have the energy that the world requires.”
After decades of cycling between energy reform and renationalization, including the most recent 2007 appropriation of assets from ExxonMobil, ConocoPhillips, and others, there’s still a lot of hesitancy to invest in Venezuela as it again changes its hydrocarbon laws in the aftermath of Maduro’s ouster. There’s a recognition that this could be the last great chance for the Venezuelan energy sector to thrive.
President Donald Trump has repeatedly insisted U.S. oil companies will spend more than $100 billion in Venezuela to dramatically rebuild its failing infrastructure but, apart from Chevron which never left, large U.S. energy companies are mostly taking a wait-and-see approach, despite Exxon expressing optimism. Others, such as BP and Shell, plan to invest in offshore Venezuelan gas fields near Trinidad and Tobago.
Otherwise, it’s a bevy of smaller, private U.S. oil producers jumping in first. A day prior to the Houston event, Venezuela signed new oil production agreements with the Dallas-based, private producer Hunt Oil and the major oilfield services firm SLB, which already works with PDVSA and Chevron in Venezuela. Hunt CEO Hunter Hunt said in a statement that the company is “proud to be one of the first American companies to sign an agreement with PDVSA to help expand Venezuela’s oil and gas production, and we are looking forward to expanding our presence in the country.”
Crossing continents
One of the next deals signed is expected to be with Denver-based Crossover Energy, which sees more upside in Venezuelan oil—both mature and exploratory oil fields—than in pricier shale oil and gas acreage in the U.S.
“Hopefully we can jump the line by taking a little more risk,” Crossover CEO Eric McCrady told Fortune at the Houston event. “We think that’ll open up more opportunities on the back end with more fields, and growth beyond what we have today.”
Crossover already has acquired a local Venezuelan operator to develop an on-the-ground presence and workforce and expects to sign new productive participation contracts (CPPs) with a “few days or a few weeks,” McCrady said.
The plan is to begin operating Venezuelan wells in January, he said, delayed a few months because of the devastating and fatal earthquakes that rocked the country in June.
“In the oil industry you’re always managing risks,” McCrady said. “I think the risks here are more above-ground—the labor force, equipment availability, the political situation—versus below-ground geologic risk, well failure risk, things like that. We’re comfortable taking risks. I think by being one of the leading companies to get in, it gives us an opportunity to hire the right team and hopefully get moving first so we have access to services and equipment.”
He said more work is needed within the country to build up its power grid, develop infrastructure to transport and process natural gas, and further tweak the laws for regulatory and contract certainty.
Since last year, Venezuela’s oil production has risen from just under 1 million barrels per day to more than 1.2 million barrels daily, an increase of almost 250,000 barrels each day. Largely led by Chevron, that increase primarily relied on optimizing existing oil wells, and not by bringing in new drilling rigs and teams.
Venezuela’s oil industry last churned out more than 3 million barrels daily at the beginning of this century and was still above 2 million barrels a day a decade ago.
Simon Sjøthun, a partner with the Rystad Energy research firm, said the world will need Venezuelan oil over time as existing resources run dry—especially with global oil demand projected to remain stubbornly high for decades—and that Venezuela could again exceed 3 million barrels daily by 2040.
McCrady is more optimistic, he said. He believes Venezuela can grow to 3.5 million barrels a day within five to 10 years, citing how quickly West Texas’ Permian Basin boomed to new heights in the last decade. Modern U.S. drilling techniques could do wonders in Venezuela, he said. “Venezuela has been isolated from the world stage for almost 25 years,” he said.
“With the right legal framework and bringing U.S. investment in, I think 3.5 million [barrels daily] will be reached a lot faster than 15 years. We see tremendous opportunity.”
Flying Blue Introduces Light, Standard and Flex Award Fares
Flying Blue is making a major change to award bookings on Air France and KLM. Beginning September 8, 2026, members will see three fare options when redeeming miles: Light, Standard and Flex.
The biggest change is in business class. Business Light will not include lounge access and will be nonrefundable and non-changeable. Advance seat selection will also cost extra, although you’ll still receive one checked bag up to 32 kg, two carry-ons and SkyPriority.
For example, Flying Blue provided this comparison for a Paris-New York business-class award:
Light: 60,000 miles + $608.83
Standard: 75,000 miles + $608.83
Flex: 110,000 miles + $302.82
Standard includes lounge access and two checked bags, with changes and refunds available for €70. Flex adds advance seat selection and free changes and refunds while also eliminating the carrier-imposed surcharges in this example.
Similar Light, Standard and Flex options are coming to economy and premium economy awards as well. Flying Blue and other SkyTeam elites will continue receiving benefits associated with their status even when booking Light fares, making the changes less painful for elite members.
Guru’s Wrap-up
There’s definitely some added choice here, but this is still a devaluation for many Flying Blue members. You can still book 60K business-class awards between Europe and North America, but those cheapest awards will now come without lounge access or the ability to change or cancel. If you want something resembling today’s award ticket, you’ll need to spend 15K more miles for Standard.
The tentative trade deal between the U.S. and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25%, according to people familiar with the matter.
Thirteen years ago, Jeff Bezos strode into a room on the set of CBS’ 60 Minutes and revealed Amazon’s first delivery drone, predicting 30-minute drop-offs of airborne packages within the next four to five years. Ever since, the e-commerce giant has struggled to live up to that promise.
On Wednesday, it took a step forward, announcing plans to expand drone delivery to nearly 500 U.S. cities and towns by the end of this year, which it said represents a sixfold increase in its drone network footprint and will total tens of millions of customers. The expansion comes after years of floundering to get its drone project off the ground and widespread skepticism that the effort—however attractive—will ever amount to more than a limited side project. It signals that Amazon is still serious about creating the reality Bezos predicted in 2013.
Amazon said its drone deliveries are expanding to the Chicago, Syracuse, Cleveland, and Atlanta areas, among other metro areas and towns, though it didn’t make clear how many deliveries it expects per day or how large its fleet of drones will be in each location. Almost any item weighing five pounds or less that can fit in a large shoebox is eligible for delivery, Amazon said, with customers ordering through the Amazon app. Delivery is free for Prime members who spend $50 or more. Otherwise, it’s a $2.99 fee. Non-Prime members pay $4.99 per delivery.
The company’s current drone delivery operations include San Antonio, Texas; Baton Rouge, Louisiana; Kansas City, Kansas; and eight other areas. The drones, which depart from Amazon fulfillment sites, can deliver items to customers in as little as 30 minutes, according to Amazon. But even in its existing markets the service is relatively limited. The drones can’t fly beyond a roughly seven mile radius, limiting their reach, and they operate primarily in suburban locations in order to avoid tall buildings and other tricky obstacles.
Amazon has delivered hundreds of thousands of packages to customers by drone this year, Prime Air boss David Carbon said in a statement. Impressive as the figure may be, it’s just a fraction of the nearly 20 million packages that Amazon delivers every day in the U.S., according to market research firm ShipMatrix.
Several companies, including Amazon competitors like Walmart, have also been trying to crack drone delivery to quicken their shipping speeds and to rely less on human drivers. Company goals have been sidetracked by regulatory hurdles, costly tech, and complaints by local residents.
“It’s still clearly a work in progress, but they have a vision that this is one of the best ways to get things to people in less than 45 minutes,” said Josh Lowitz, co-founder of Consumer Intelligence Research Partners, which studies Amazon Prime members. Lowitz, who visited Amazon’s Prime Air drone lab in Seattle this week, said the company is primarily delivering via drone in suburban areas because it needs a 10-foot radius to deliver safely.
“They’re working on battery technology and sound technology, trying to make it better and better. If the delivery range goes from seven miles to 15 miles, they could reach people in rural areas,” Lowitz said.
Regulatory challenges
While Amazon is best positioned to make drone delivery happen, given its hundreds of fulfillment centers and technology resources, it has faced a wave of problems in meeting its ambition. Gaining certification from the Federal Aviation Administration has been a key issue, since the FAA’s standard methods of evaluating aircraft are based on human-piloted aircraft.
Amazon VP of Prime Air David Carbon
JASON REDMOND/AFP via Getty Images
Flying and landing in people’s yards was unprecedented before Amazon and others began to test their drones, and Amazon had to build its standards from scratch. Amazon also initially approached the project from a technological perspective, not staffing enough people who knew how to navigate the regulatory system, former employees told Fortune.
In 2020, Amazon replaced the visionary founder of the project, Gur Kimchi, with former Boeing executive David Carbon. While the move showed Amazon taking the regulatory part of the project earnestly, it initially sparked a culture clash, the former employees said. Many of the original Prime Air employees left, stalling the project as Carbon rebuilt talent to figure out robotics, autonomy, and other technical aspects.
The growing pains didn’t stop there. In the fall of 2025, two Amazon delivery drones collided with a crane in Arizona, causing damage and a fire. This July, one of the company’s drones crashed into a garden while attempting a delivery in Darlington, UK.
Amazon also left two sites, in Lockeford, Calif., and College Station, Texas, after initially testing its drones there. Some residents complained about a loud buzz from drones, though Amazon has said the noise is no louder than an idling delivery truck. An Amazon spokeswoman said each generation of Prime Air technology has brought significant sound improvements.
Walmart, together with Alphabet’s Wing, has been expanding its efforts, recently adding seven new delivery markets, with a plan to reach more than 40 million American customers by 2027.
An FAA rule that would make it easier to deliver packages via drone in longer flights beyond an operator’s line of sight awaits approval. In recent regulatory filings, Amazon said GPS signals degrade at lower altitudes for its drones, with the company asking regulators for permission to use a special wireless frequency in some drone tests.
Human drivers vs. drones
Aside from drones being a coveted Bezos pet project, the decision to press on may come down to the company maintaining its edge on speed, and the expansion comes as New York Mayor Zohran Mamdani is supporting a bill that would force Amazon and other companies to make their delivery drivers employees instead of subcontractors.
Speed has been a bedrock for Amazon since it pioneered two-day shipping. It has crept closer, year by year, to the reality of almost-instant delivery. It has done this by opening centers equipped to move popular products and everyday essentials quickly through its system.
It has at least 65 so-called sub-same-day centers throughout the U.S. and is also operating out of small locations in inner cities to get to customers faster, according to logistics consultant MWPVL International. Some of these locations have refrigerators inside for perishable items, MWPVL said.
The company has sharpened its efficiency with AI, robotics, and its strategy to be as close to customers as possible. For fast deliveries, it is also leaning on on-demand drivers with their own vehicles, who can more easily turn around deliveries compared to the regular Amazon vans that follow less-scattered routes.
Amazon subsidizes its vast delivery system with the fees it collects through its third-party sellers, as well as the more than 200 million Prime members it has (who each pay $139 a year). The money it collects from seller fees accounts for nearly a quarter of its overall revenue. The funds, along with its virtually unmatched logistics expertise and increasing demand, have enabled the company to spread throughout the U.S., including into corners of rural America.
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At the core of our system are two language models, each fine-tuned to score all financial text on two dimensions. The first measure is vagueness—is the company being specific with its language or hedging? The second measures complexity—is this a genuine technical disclosure, or is bad news being buried in complexities? The two-pronged system is purposeful; a company’s challenges can be wrapped in vagueness or complexity, sometimes both. That is why the score of a single variable cannot tell you enough.
What matters most is deviation from a benchmark. We benchmark every company against its sector peers and against its own filing history, identifying declining trends and sector outliers. Evaluating from absolute scores can present bias in the results of our models. By measuring deviation from peer averages instead, we provide a safeguard which cancels out the potential of any bias.
These classified sentences populate a knowledge graph connecting each company to its industry peers, their filings, and its own filing history. This lets the system move beyond asking whether a risk factor section has changed at all, to a more precise question: has the company’s disclosure on a specific risk topic shifted, relative to both its peers and its own prior filing? A lightweight model makes the first interpretive pass over the extracted sections, working alongside the vagueness and complexity scores. At roughly 97% lower cost per token than a frontier model, it is cheap enough to run across the defined universe. Only where that first pass identifies a genuine shift is the filing escalated to a frontier model for the deeper read.
Big tech isn’t done with artificial intelligence (AI) spending. Amazon raised its capital expenditures (capex) to $220 billion for 2026. Microsoft is spending $175 billion. Alphabet has raised guidance twice and now has its sights set on up to $205 billion. And Meta Platforms is set to spend $135 billion. Most of this goes toward each company’s AI initiatives, and it’s no surprise that graphics processing units (GPUs), central processing units (CPUs), data center rentals, and memory manufacturers get most of the spotlight.
Image source: Getty Images.
But another group is actually benefiting from the AI boom: industrial companies.
After all, you can’t build an AI data center with just a stack of GPUs. You need buildings, electricity, generators, cooling systems, switchgear, and a whole lot of heavy equipment. That’s why certain industrial companies are becoming excellent investments, thanks to a combination of field expertise, established infrastructure, and relationships with the companies driving the AI revolution.
So let’s see what these three have to offer.
Caterpillar stock: Data center build-out drives demand for generators, turbines
First up is Caterpillar (CAT -2.94%), which most people would easily associate with excavators, bulldozers, and the like. And yes, those are in demand for data center construction.
But it’s the other part of Caterpillar’s business that’s also getting AI’s attention.
AI data centers consume enormous amounts of electricity, and in many places, the existing power grid simply can’t deliver it quickly enough. That has created a growing market for on-site and backup power generation, and Caterpillar offers exactly that.
In the second quarter, Caterpillar’s Power & Energy segment delivered $8.2 billion in revenue, up 17% year over year and the second-highest contributor to its top line, right behind Construction Industries’ $8.3 billion (up 35%). Caterpillar’s direct exposure to construction and power generation is giving the company several avenues for growth, and investors are starting to notice.
Today’s Change
(-2.94%) $-24.72
Current Price
$816.15
Key Data Points
Market Cap
$387BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Day’s Range
$805.68 – $848.94
52wk Range
$410.51 – $1073.46
Volume
4.1M
Avg Vol
3.2M
Gross Margin
32.83%
Dividend Yield
0.73%
Eaton stock: Data center revenue surges 65% as total revenue hits record $8.5 billion
Eaton (ETN -1.54%) is an industrial and electrical equipment company that builds the systems that get power where it needs to go.
Eaton posted record second-quarter revenue of $8.5 billion, up 21% year over year, beating the high end of its own guidance. Within that, Electrical Americas, the segment most exposed to data center build-outs, grew 18% organically to $4 billion, a segment record. Within that segment, data center revenue grew 65%.
Meanwhile, the total electrical backlog — orders booked but not yet recognized as revenue — rose 43% year over year. Management also isn’t letting up, raising full-year adjusted earnings-per-share (EPS) guidance to a $13.50 midpoint and lifting organic growth guidance to a range of 11% to 13%.
Today’s Change
(-1.54%) $-6.66
Current Price
$424.67
Key Data Points
Market Cap
$168BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Day’s Range
$417.22 – $436.95
52wk Range
$311.92 – $478.00
Volume
1.7M
Avg Vol
2.4M
Gross Margin
35.90%
Dividend Yield
1.01%
GE Vernova stock: Electrification data center orders top $5 billion, doubling 2025’s total
GE Vernova(GEV -1.70%) is the energy-focused spinoff of the former General Electric that builds turbines, grid equipment, and electrification technology. The company’s second-quarter results included 22% revenue growth and an 88% increase in orders.
Even better, CEO Scott Strazik said that “data center orders reached over $5 billion year-to-date, more than double our 2025 total.” The result was management raising full-year 2026 guidance across the board: total revenue to $45.5 to $46.5 billion, Electrification revenue to $14.5 to $15 billion, and free cash flow to $11.5 to $12.5 billion.
At the same time, its Power segment, the turbines that actually generate electricity for those data centers, is now guided to grow organically by 18% to 20%, with gas turbine backlog and slot reservation agreements expected to reach at least 125 gigawatts by year’s end.
The takeaway: AI spending still needs real-world industrial infrastructure
Big tech may be spending hundreds of billions on AI, but it can’t spend that money without the industrial infrastructure to support it. Caterpillar is supplying the equipment and power generation; Eaton is moving and managing the electricity; and GE Vernova is helping to build the power generation and grid infrastructure behind it all.
GPU and memory suppliers might get all the headlines, but these three industrial companies are quietly collecting the checks.
