Highest CD rate offered at 4.10% APY on a 9-month term
A certificate of deposit (CD) allows savers to lock in a competitive rate on their savings. Historically, longer-term CDs offered higher interest rates than shorter-term CDs.
The highest CD rate is currently 4.10% APY, offered by Marcus on its 9-month CD. For example, a $1,000 investment in a one-year CD with 4% APY would grow to $1,040.74 over the same period.
This represents a significant earning potential for savers, with the difference between a 1.52% APY and a 4% APY being $25.54 on a $1,000 investment over one year.