Summary: Best CD rates today offer up to 4.40% APY return, beating national averages.

From Yahoo Finance: 2025-05-02 06:00:00

Looking for the highest CD rates? Compare rates today to find the best options. Despite the Fed’s rate cuts, some banks offer competitive rates, reaching up to 4% APY for shorter terms. Marcus by Goldman Sachs leads with a 4.40% APY on a 14-month CD. Online banks and credit unions also offer attractive rates.

National averages for CD rates are lower than today’s top rates, emphasizing the need to shop around. CDs are secure and insured, but require full-term deposits to avoid penalties. For flexibility, consider high-yield savings or money market accounts. While CDs offer stable returns, they may not match long-term investment growth.

Read more: Best CD rates today, May 2, 2025 (up to 4.40% APY return)