Marcus by Goldman Sachs offers the highest 14-month CD rate at 4.10% APY amid broader declines in deposit account yields.
Certificate of deposit rates remain elevated despite a broader decline in deposit account yields, with the top 14-month CD offering 4.10% APY. Marcus by Goldman Sachs leads the market with this rate, outpacing traditional savings accounts.
Short-term CDs, particularly those with six- to 12-month terms, currently yield between 4% and 4.5% APY. This contrasts sharply with post-2008 financial crisis levels, when average one-year CD rates fell below 1% APY and six-month CDs dipped to around 0.1% APY by 2013.
The Federal Reserve’s near-zero benchmark interest rate policies during the 2010s contributed to historically low CD yields, a trend that has only partially reversed in recent years.