Marcus by Goldman Sachs offers the highest 14-month CD rate at 4% APY amid broader declines in deposit account yields.
The highest certificate of deposit rate available today stands at 4% APY, offered by Marcus by Goldman Sachs on a 14-month term. This comes as broader deposit account rates continue to decline, though CDs remain more competitive than traditional savings accounts.
Short-term CDs, particularly those with six- to 12-month terms, currently yield between 4% and 4.5% APY. Historically, CD rates have fluctuated with economic conditions, peaking in the early 2000s before falling sharply during the 2008 financial crisis and remaining low through the 2010s due to Federal Reserve policy.
The current 4% APY rate reflects a modest retreat from recent highs but still offers savers a relatively attractive yield compared to near-zero rates seen in the past decade.