From Yahoo Finance: 2025-05-03 06:00:00

Lock in a high CD rate before they fall further. The top CD rates are on shorter terms, particularly at online banks and credit unions. Marcus by Goldman Sachs offers the highest rate of 4.40% APY on a 14-month CD with a $500 minimum deposit. Interest earned depends on the APY and compounding frequency.

Consider the type of CD that suits your needs. A bump-up CD allows you to request a higher rate once. A no-penalty CD lets you withdraw funds penalty-free. Jumbo CDs require higher deposits for potentially higher rates. Brokered CDs are purchased through a brokerage with potentially higher rates, but more risk and no FDIC insurance.



Read more at Yahoo Finance: Best CD rates today, May 3, 2025 (best account provides 4.40% APY)