Best CD Rates Today: Lock In Up to 4% APY The Federal Reserve's decision to keep interest rates unchanged has sent shockwaves through the financial industry, but one sector is benefiting from the status quo: certificates of deposit (CDs).
Savers are flocking to lock in high yields, with the best CD rates now hovering above 4% APY – a welcome respite for those battered by inflation. The national average CD rate stands at 1.
55% for a 1 year term, but this belies a more nuanced reality. Online banks and credit unions are leading the charge, with Marcus by Goldman Sachs offering an eye catching 4% APY on its 14 month CD.