Summary: Best CD rates for April 13, 2025 up to 4.50% APY.

From Yahoo Finance: 2025-04-13 06:00:00

Certificate of deposit (CD) rates vary widely among financial institutions. Longer-term CDs historically offered higher rates, but current economic conditions have reversed this trend. The highest CD rate today is 4.50% APY on a 14-month CD from Marcus by Goldman Sachs, with a $500 minimum deposit. Interest earned from a CD depends on the annual percentage rate (APY) and how often interest compounds.

For example, investing $1,000 in a one-year CD with 1.81% APY and monthly compounding would yield $1,018.25 at maturity. Opting for a 4% APY CD would grow the balance to $1,040.74. Depositing more money in a CD can significantly increase earnings. Different types of CDs offer various benefits beyond traditional options, such as bump-up CDs, no-penalty CDs, jumbo CDs, and brokered CDs. Each type has its own advantages and considerations.



Read more at Yahoo Finance: Best CD rates today, April 13, 2025 (up to 4.50% APY)