If you were to lock in a rate at the average of 2.81%, you’d earn around $3,715 on a $25,000 deposit.Ī CD ladder helps you take advantage of higher rates offered by longer terms without tying up your money indefinitely.įor instance, let’s say you have $12,000 to invest and decide to create a ladder of three CDs.

The national average APY is 2.81%, the same as last week.

Yields on five-year CDs have remained stable over the past week. If you invest $25,000 in a 36-month CD at the average rate of 2.71%, you’d earn about $2,100 in interest. The national average APY for a three-year CD stands at 2.71%, which is up from last week and up one basis point compared to last month. If you invest $25,000 in a 24-month CD at the high rate of 4.55% you’d earn about $2,330 in interest. Locking in a rate close to this high will maximize your returns on this longer-term investment. The current national high for a 24-month CD is 4.55% APY. The national average APY is 2.52%, up one basis point from both last week and one month ago. Yields on longer-term CDs, such as two-year terms, are inching up. The current national high for a 12-month CD is 5.25%, which would earn more than $1,310 in interest with a $25,000 deposit. The national average APY is 2.51%, up two basis points from last week and 10 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 find even more impressive rates. You’d earn more than $610 in interest if you put $25,000 in a six-month CD with a rate of 4.97%. Shopping around can help you find better deals. The current top national rate for a 6-month CD is 4.88%, according to the data available from Bankrate’s database.

The national average APY for six-month CDs is 1.93%, up two points from last week and four points from one month ago. Six-month CD ratesīy choosing a top-rated six-month CDs, you benefit from a winning mix of competitive interest rates and a short-term commitment.

Over the past month, rates on three-month CDs have climbed by seven basis points. Rates on three-month CDs have experienced a slight increase since last week, rising by two basis points to 1.48%. Quoted high rates are based on the highest clicked-on rate for each CD term.

Best 3 month cd interest rates