Top CD rates reach about 4% APY
Some banks are offering competitive CD rates, with top rates reaching about 4% APY.
This is especially true for shorter terms of one year or less. The highest CD rate is 4% APY, offered by Marcus by Goldman Sachs on its 9-month CD.
CD rates have been declining due to the Fed’s decision to cut its benchmark rate, but some banks are still offering competitive rates.
National averages are much lower, highlighting the importance of shopping around for the best CD rates.