Top CD Rates Drop to 4.50% APY, Jumbo CDs Reach 4.94%

On April 14, 2025, savers have the opportunity to secure high yields through certificates of deposit (CDs), with the top rates offering an annual percentage yield (APY) of up to 4.50%. This rate is particularly appealing for those seeking stable returns amidst economic uncertainty. Several financial institutions are offering competitive rates, with Marcus by Goldman Sachs providing a 4.50% APY for a 14-month term with a minimum deposit of $500. United Fidelity Bank matches this rate for a 6-month term, requiring a $1,000 minimum deposit. PonceBankDirect offers a 4.50% APY for a three-month CD with a $500 minimum deposit, while the Government Printing Office Federal Credit Union provides a 4.62% APY for a six-month CD.

The highest APY for jumbo CDs today is 4.94% for a 6-month term, indicating that larger deposits can yield even higher returns. The average APY for 6-month CDs is also noteworthy, reflecting the overall trend of elevated interest rates. Savers can benefit from these rates by locking in their investments for various term lengths, ensuring that their returns remain stable even during economic turbulence. High-yield savings accounts are also offering competitive rates, with the top rate at 4.50% APY, providing an alternative for those who prefer liquidity.

The current CD rates represent a shift from the higher yields seen just a few months ago, when it was common to find CDs offering 5% or more. As of spring 2025, the top rates have settled around 4.00% to 4.50%, depending on the term. This adjustment reflects the dynamic nature of the financial market, where interest rates can fluctuate based on various economic factors. Despite the slight decrease, the current rates remain historically strong, particularly for 1-year CDs, which are offering around 4.30% APY. Savers are advised to consider laddering their CDs across different terms to maximize their returns and take advantage of the best available rates. Additionally, high-yield savings accounts offer a flexible alternative, providing rates similar to CDs without the restriction of locked-in funds.