Highest CD rate offered at 4.10% APY on 14-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 14-month CD. This rate can help savers grow their balance over time.
For example, a $1,000 investment in a one-year CD with 1.52% APY would grow to $1,015.20 after one year, earning $15.20 in interest. In contrast, a one-year CD with 4% APY would grow to $1,040.74, earning $40.74 in interest.