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 week2-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 weekOn 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 termTraditional brick-and-mortar banks tend to offer lower CD rates than online banksYou may not want to tap your CD before the term ends as early withdrawal penalties can be severe