Top CD rate hits 4.30% APY on 16-month term
The highest CD rate available today is 4.30% APY, offered by Synchrony Bank on its 16-month CD.
This rate is among the best available, especially for shorter terms of around one year or less.
Investing $1,000 in a one-year CD with 1.52% APY would yield $15.20 in interest, totaling $1,015.20 after one year.
In contrast, a one-year CD with 4% APY would earn more interest, highlighting the importance of shopping around for the best rate.