Marcus by Goldman Sachs offers a 14-month CD at 4.10% APY, outpacing traditional savings accounts amid broader rate drops.
The highest-yielding certificates of deposit remain above 4% APY, even as deposit account rates trend lower. Marcus by Goldman Sachs currently leads with a 4.10% APY on its 14-month CD, while short-term CDs of six to 12 months average around 4% APY.
Historically, CD rates have fluctuated with economic cycles. After peaking in the early 2000s, rates collapsed during the 2008 financial crisis, falling to near-zero levels by 2013 as the Federal Reserve slashed benchmark rates. The current environment reflects a partial rebound from those lows, though still below pre-crisis highs.