Lock in a high CD rate today to help your savings grow. Rates vary widely, so ensure you’re getting the best offer. Historically, longer-term CDs offered higher rates, but now, the opposite is true. The highest CD rate as of August 24, 2025, is 4.4% APY from Marcus by Goldman Sachs on a 6-month CD with a $500 minimum deposit. The more you deposit, the more you can earn. Interest earned on a CD depends on the APY. For example, a $1,000 one-year CD at 1.81% APY compounds monthly would grow to $1,018.25. Opting for a 4% APY CD would result in a balance of $1,040.74. Different types of CDs offer various benefits, like the bump-up CD, no-penalty CD, jumbo CD, and brokered CD, each with unique features and potential risks.

Read more at Yahoo Finance: Best CD rates today, August 24, 2025 (lock in up to 4.4% APY)