The CD Conundrum: A Cautionary Tale of Rate Hopes and Reality Checks The world of high yield certificates of deposit has been a wild ride lately, with rates fluctuating unpredictably.
Just last week, Marcus by Goldman Sachs topped the list with its 14 month CD offering a 4% APY – a prospect that might seem too good to pass up for those looking to stash their cash and earn interest.
Historically, longer term CDs have offered higher interest rates to encourage savers to lock in their money for extended periods.