Top CDs offer rates around 4% to 4.5% APY
The best CDs currently pay rates above 4% APY, with the highest rate at 4% APY offered by Marcus by Goldman Sachs on its 14-month CD.
Historically, CD rates have been on the decline, especially after the 2008 financial crisis. By 2009, the average one-year CD paid around 1% APY.
The current rates are significantly higher than traditional savings accounts, making CDs an attractive option for those looking to lock in a competitive return.