From Yahoo Finance: 2025-05-09 06:00:00

Looking for the highest CD rates? CD rates can vary widely, but some banks offer competitive rates up to 4% APY for shorter terms. For example, Marcus by Goldman Sachs is offering 4.40% APY on a 14-month CD with a $500 minimum deposit. Compare these rates to the national average and consider online banks and credit unions for even better rates.

While CDs are a safe option with federal insurance and stable rates, there are drawbacks like early withdrawal penalties. If you need flexible access to your funds or higher growth potential, consider high-yield savings accounts or investing in the market for long-term goals. Evaluate whether a CD aligns with your savings goals before committing.



Read more at Yahoo Finance: Best CD rates today, May 9, 2025 (up to 4.40% APY return)