Top CDs offer 4% APY, outpacing traditional savings accounts
The best CDs currently offer rates of 4% or higher.
Historically, CD rates have fluctuated significantly, with the 2000s marked by a decline following the dot-com bubble and the global financial crisis.
By 2009, one-year CDs paid around 1% APY, while five-year CDs offered less than 2% APY.
Today, the highest CD rate is 4% APY, offered by Marcus by Goldman Sachs on its 9-month CD.