Summary: Best CD rates today can reach up to 4.50% APY, with some banks offering competitive rates.

From Yahoo Finance.: 2025-04-11 06:00:00

Looking for a secure place to store savings? Consider a certificate of deposit (CD) for higher interest rates. Rates vary widely, but some banks still offer competitive rates despite recent declines due to Fed cuts. Today’s top CD rates can reach 4% APY for shorter terms. Marcus by Goldman Sachs offers the highest rate of 4.50% APY on a 14-month CD with a $500 minimum deposit. LendingClub also offers 4.50% APY on a 10-month CD with a $2,500 minimum deposit. Compare these rates to the national average as of March 2025, which is significantly lower. Online banks and credit unions may offer competitive rates compared to traditional banks. Consider your savings goals before opening a CD, as they are considered safe but have drawbacks like early withdrawal penalties. Consider other options like high-yield savings accounts or money market accounts for more flexibility. If you’re saving for long-term goals like retirement, investing in the market may provide higher returns than CDs.



Read more at Yahoo Finance.: Best CD rates today, April 11, 2025 (up to 4.50% APY return)