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CD Rates Today: December 6, 2024—Take Home More Than 5%

  • CD rates on certificates of deposit are offering as high as 5.37%
  • Current average rate on 3-month CD sits at 1.31% and the highest rate stands at 5%
  • If interested in a short term, high-yield CD, consider a 6-month CD with a best rate of 5.25%
  • The highest interest rate on a 12-month CD is 5.37% and best rate remains the same from last week
  • 2-year CDs today are being offered at interest rates as high as 4.52%
  • Today's highest rate on a 3-year CD is 4.65% and that was also the best rate last week
  • On a 5-year CD, the highest rate today is 4.31% and APYs are averaging 1.59%
  • Most Jumbo CDs require a minimum deposit of $100,000 with the best rate of 5.37% for 6-month term
  • Traditional brick-and-mortar banks tend to offer lower CD rates than online banks
  • You may not want to tap your CD before the term ends as early withdrawal penalties can be severe

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