Top CD rates offered on shorter terms around one year
The highest CD rate is 4.20% APY, offered by Sallie Mae on its 2-year CD.
Online banks and credit unions offer the top CD rates.
Investing $1,000 in a one-year CD with 1.52% APY yields $1,015.20, including $15.20 in interest.
A one-year CD with 4% APY would yield $1,040.74, including $40.74 in interest, on a $1,000 investment.