The national average APY is 1.65%, the same as a week ago, although up one basis point from one month ago. Rates on two-year CDs have remained fairly stable. The current national high for a 12-month CD is 5.70%, which would earn around $1,420 in interest with a $25,000 deposit. The national average APY is 1.85%, the same as last week and up two basis points from a month before. Rates on 12-month CDs are remaining stable.
One-year CDs can give you returns as high as, or even higher than, longer-term options. If you’re willing to lock away your savings for 12 months, you can pick up even better rates. You’d earn almost $690 in interest if you put $25,000 in a six-month CD with a rate of 5.59%. But you may be able to find better deals by shopping around. The current top national rate for a 6-month CD is 5.59%, according to the data available from Curinos. The national average APY for six-month CDs is 1.62%, the same as last week and up from 1.56% one month ago. The top six-month CDs can offer the best of both worlds: strong interest rates and a short-term commitment. The current national high for a three-month CD is 5.83%, which would earn more than $355 in interest with a $25,000 deposit. The national average rate was 1.18% as of November 30, 2023, the latest data available, the same as the previous week and up four basis points from a month prior. Rates on three-month CDs have remained the same from a week ago.
