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CD Rates Today: December 3, 2024—Earn Up To 5.37%
- The best interest rates on CDs—certificates of deposit—pay up to5.37% today, based on certificate term lengths.
- Three-month CDs are a good option for short-term savings goals. The current average rate on a three-month CD sits at 1.31%, but the highest rate is 5.00%.
- If you're interested in a short-term CD with high yields, consider a six-month CD.
- The highest interest rate currently available on a 12-month CD—one of the most popular CD terms—is 5.37%.
- If you can hold out for two years, 2-year CDs today are being offered at interest rates as high as 4.52%.
- Within the last week, the highest rate on a three-year CD has been 4.65%, so you’ll want to shop around for that rate or something near it.
- On a five-year CD, the highest rate today is 4.31%, the same as one week ago.
- The best rate on today’s jumbo CDs is 5.37% for a 6-month term.
- CDs are a relatively simple savings tool: You open an account with a deposit (your principal), let your money sit for a predetermined period of months or years while you enjoy the magic of compounding interest.
- If you want the best interest rate on your savings, CDs are usually your best bet, outpacing even the best high-yield savings accounts and best money market accounts.
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