Lock in a high CD rate today to help your savings grow. Longer-term CDs used to offer higher rates, but now shorter-term CDs can be more lucrative. As of September 7, 2025, the highest CD rate is 4.4% APY from Marcus by Goldman Sachs. Interest earned on a CD depends on the APY and compounding frequency.

For example, if you invest $1,000 in a one-year CD with 1.81% APY, your balance would grow to $1,018.25. Choosing a one-year CD with 4% APY would increase your balance to $1,040.74. The more you deposit, the more you stand to earn. Different types of CDs offer various benefits, like bump-up CDs and no-penalty CDs. Jumbo CDs require a higher minimum deposit for potentially higher rates, while brokered CDs can offer more flexibility but carry more risk.

Read more at Yahoo Finance: Best CD rates today, September 7, 2025 (lock in up to 4.4% APY)