CD rates today, March 30, 2025 (up to 4.50% APY)
From Yahoo Finance: 2025-03-30 06:00:00
CD rates vary widely across financial institutions, so it’s important to shop around for the best rate. Historically, longer-term CDs offered higher rates, but now shorter-term CDs may have better rates. Marcus by Goldman Sachs offers a 4.50% APY on a 14-month CD with a $500 minimum deposit.
LendingClub also offers a 4.50% APY on a 10-month CD with a $2,500 minimum deposit. The amount of interest you can earn from a CD depends on the annual percentage rate (APY), which considers the base rate and how often interest compounds. Depositing more in a CD can lead to higher earnings.
When choosing a CD, consider more than just the interest rate. There are different types of CDs available, such as Bump-up CDs that allow for a rate increase, No-penalty CDs that allow for early withdrawal, Jumbo CDs that require a higher deposit, and Brokered CDs purchased through a brokerage. Each type offers different benefits.