Top CD rates offered on shorter terms
The highest CD rate is 4% APY, offered by Marcus by Goldman Sachs on its 14-month CD.
This rate is higher than what can be earned with a one-year CD with 1.52% APY, which would grow a $1,000 deposit to $1,015.20.
In contrast, a one-year CD with 4% APY would earn more interest, with the exact amount depending on the compounding frequency.
CD rates vary widely across financial institutions, so it’s important to shop around for the best rate possible.