The CD Conundrum: Why Today's Rates May Not Be as Sweet as They Seem The allure of a high yield certificate of deposit (CD) has long been a siren song for savers, promising a safe and lucrative way to grow one's nest egg.
However, the current economic climate has introduced complexity into this investment. Sallie Mae's 4.
20% APY on its 2 year CD is currently the highest rate available, but it's more of an anomaly than a harbinger of better times to come.