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High-Yield CD Rates: A Limited-Time Opportunity

With the Federal Reserve’s recent rate cut, now may be your last chance to secure a competitive certificate of deposit (CD) interest rate. Historically, longer-term CDs offered higher interest rates, but in today’s economic climate, the opposite is true.

Understanding CD Rates

CD rates vary widely across financial institutions, making it crucial to shop around for the best rate possible. The annual percentage yield (APY) determines the total earnings on your CD, taking into account the base interest rate and compounding frequency.

Top CD Rates Available Today

Our verified partners offer some of the highest CD rates, with Marcus by Goldman Sachs leading the pack at 4.25% APY on its 1-year CD term, requiring a minimum deposit of $500.

How Much Can You Earn?

The amount of interest you can earn from a CD depends on the APY and deposit amount. For example, a $1,000 deposit in a 1-year CD with 1.81% APY would earn $18.25 in interest, while a $10,000 deposit in a 1-year CD with 4% APY would earn $407.42 in interest.

Beyond Traditional CDs

While interest rate is a key consideration, it’s not the only factor. Other types of CDs offer different benefits, often with slightly lower interest rates:

• Bump-up CD: Allows you to request a higher interest rate if rates increase during the term.
• No-penalty CD: Offers flexibility to withdraw funds before maturity without penalty.
• Jumbo CD: Requires a higher minimum deposit, often with higher interest rates.
• Brokered CD: Purchased through a brokerage, offering higher rates or more flexible terms, but with increased risk.

Explore Your Options

If you’re searching for the best savings interest rates, money market account rates, or CD rates, we’ve narrowed down the top offers. Learn more about these options and make an informed decision.

Act Now to Lock in a Competitive Rate

With the Federal Reserve’s rate cut, CD rates may decrease soon. Take advantage of today’s high-yield CD rates and secure a competitive interest rate for your savings.