Lock in competitive CD rates before further cuts, with top rate at 4.40% APY

From Yahoo Finance: 2025-05-10 06:00:00

Lock in a competitive CD rate before further rate cuts. Top rates are on shorter terms and offered by online banks. Marcus by Goldman Sachs offers the highest rate at 4.40% APY on a 14-month CD with a $500 minimum deposit. Interest earned on a CD depends on the APY and compounding frequency.

Consider different types of CDs beyond traditional ones. Bump-up CDs allow for a rate increase once. No-penalty CDs allow withdrawals before maturity. Jumbo CDs require higher deposits for potentially higher rates. Brokered CDs offer higher rates but carry more risk and may not be FDIC-insured. Choose wisely for your financial goals.

Read more: Best CD rates today, May 10, 2025 (best account provides 4.40% APY)