The current national high for a 12-month CD is 5.37%, which would earn roughly $1,340 in interest with a $25,000 deposit. The national average APY is 1.52%, up two basis points from last week and eight basis points from a month before.
One-year CDs can give you returns as high as, or even higher than, longer-term options. If you’re up for setting aside your savings for a full year, you’ll be able to pick up even more impressive rates. You’d earn almost $670 in interest if you put $25,000 in a six-month CD with a rate of 5.41%. But you may be able to find better deals by shopping around. The current top national rate for a 6-month CD is 5.41%, according to the data available from Curinos’ database. This is a considerable rise from 1.13% one month ago. The national average APY for six-month CDs is 1.25%, up marginally from 1.23% last week. When you opt for leading six-month CDs, you get a winning combination: solid interest rates and a commitment that’s only short-term. The current national high for a three-month CD is 5.15%, which would earn more than $315 in interest with a $25,000 deposit. Over the past month, rates on three-month CDs have climbed by 15 basis points. Rates on three-month CDs have experienced a slight increase since last week, rising by one basis point to 0.84% today. Quoted rates are based on a $25,000 deposit.
