Top CDs offer 4% APY, outpacing traditional savings accounts
The best CDs currently offer rates of 4% or higher. This rate is offered by Marcus by Goldman Sachs on its 14-month CD.
Historical CD rates have been declining since the 2000s, with the average one-year CD paying around 1% APY in 2009. The trend continued into the 2010s, with average rates on 6-month CDs falling to about 0.1% APY by 2013.
Today, the highest CD rate is 4% APY, significantly higher than traditional savings accounts. Short-term CDs typically offer rates around 4% APY.