Highest CD rate offered is 4% APY
A certificate of deposit (CD) allows savers to lock in a competitive rate on their savings.
The highest CD rate is 4% APY, offered by Marcus by Goldman Sachs on its 9-month CD.
Investing $1,000 in a one-year CD with 4% APY yields $1,040.74, including $40.74 in interest.
This rate is higher than the 1.52% APY, which would yield $1,015.20, including $15.20 in interest, on a $1,000 deposit.