<ul data-eligibleForWebStory="true">The best CD rates today can go as high as 5.02%, offering better yields than high-yield savings accounts.CDs come with fixed interest rates and maturity periods, but early withdrawal can result in penalties.Current average rates for three-month CDs are at 1.3%, with the highest rate at 4.62%.For a one-year CD, the highest interest rate available is 5.02% with an average APY of 1.83%.24-month CDs offer rates as high as 4.52%, while three-year CDs reach up to 4.26%.Jumbo CDs, requiring higher minimum deposits, offer rates like 4.94% for a 6-month term.It's essential to be aware of early withdrawal penalties on CDs and shop around for the best rates.CDs are a secure option for savings with FDIC and NCUA insurance coverage up to $250,000.Stocks may outperform CDs in the long term, but CDs provide stability and security in your financial portfolio.Different types of CDs are excluded from average rate calculations, focusing on specific offerings.