Today's best CD rates can go as high as 5.06%, offering a better yield compared to high-yield savings accounts.CDs pay a fixed interest rate for a set period, but withdrawing funds early can result in penalties.Current average rates for three-month CDs are at 1.3%, with the highest rate at 4.72%.A six-month CD offers a yield of 4.94%, with an average APR of 1.79%.The highest rate for a 12-month CD is 5.02%, with an average APY of 1.87%.A 2-year CD offers rates as high as 4.52%, with an average APY of 1.68%.The best rate for a 3-year CD is 4.65%, while a 5-year CD offers a maximum rate of 4.43%.Jumbo CDs with a 6-month term can yield up to 4.94%, with an average APY of 1.79%.CDs provide a safe investment option with FDIC or NCUA insurance coverage up to $250,000.CDs offer higher interest rates than savings accounts and are a secure investment choice.