From Yahoo Finance: 2025-05-18 06:00:00

Lock in a high CD rate today to help your savings grow. Rates vary across financial institutions, so it’s crucial to find the best offer. Marcus by Goldman Sachs offers the highest CD rate at 4.4% APY on its 14-month CD with a $500 minimum deposit.

The amount of interest you earn from a CD depends on the annual percentage rate (APY). For example, a one-year CD with 4% APY could grow to $1,040.74 with a $1,000 deposit. The more you deposit, the more you stand to earn, such as $407.42 with a $10,000 deposit.

Consider different types of CDs beyond traditional ones like Bump-up CD, No-penalty CD, Jumbo CD, and Brokered CD. These CDs offer various benefits but may come with slightly lower interest rates or different terms. Choose the right CD based on your financial goals and needs.

Read more: Best CD rates today, May 18, 2025 (lock in up to 4.4% APY)