Reported about 1 month ago
As of September 1, 2024, certificate of deposit (CD) rates are at their highest levels in over a decade, with the best rates for shorter terms (around one year) reaching up to 4.70% APY at Marcus by Goldman Sachs. While historically longer-term CDs offered better interest rates, currently, competitive rates can also be found for terms of two years or more, usually around 4% to 4.5% APY. Overall, it's crucial for investors to shop around to secure the best possible rates.
Source: YAHOO