Top APYs Make 1-Year CDs an Appealing Option for Growing Savings

Interest rates on 1-year CDs are very attractive right now, with many offering 5% or higher APY. This can help substantially grow savings.

CDs provide guaranteed returns and protection of your principal investment, giving peace of mind.

1-year CDs offer predictability, allowing you to lock in returns for that timeframe without market risk.

CDs require minimal effort, just deposit money and let it earn interest without having to monitor investments.

Consider financial goals, risk tolerance, inflation, and opportunity cost before committing to a 1-year CD.