Marcus by Goldman Sachs offers the highest 14-month CD rate at 4.10% APY amid broader declines in deposit account yields.
The highest certificate of deposit rate available today stands at 4.10% 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.
Historically, CD rates have fluctuated with economic conditions. After peaking in the early 2000s, rates fell sharply during the 2008 financial crisis, dropping to around 1% APY for one-year terms by 2009. The Federal Reserve’s near-zero benchmark rate policies in the 2010s further suppressed yields, with six-month CDs averaging just 0.1% APY by 2013.
Short-term CDs, particularly those with six- to 12-month terms, currently offer rates around 4% APY, providing a relatively attractive option for savers seeking fixed returns.