Highest CD rate offered is 4.35% APY on an 18-month term
The highest CD rate available today is 4.35% APY, offered by United Bank on its 18-month CD. This rate allows savers to earn a competitive return on their deposits.
Historically, longer-term CDs have offered higher interest rates than shorter-term CDs, but the current economic climate has altered this trend.
Investing $1,000 in a one-year CD with 4% APY can yield $1,040.74, including $40.74 in interest, after one year.
This CD rate is significantly higher than the return on a one-year CD with 1.52% APY, which would yield $1,015.20, including $15.20 in interest, over the same period.