CD rates are currently at a peak of 5.06% depending on the term, with different maturities offering varying interest rates.CDs provide fixed interest rates for a set duration, with higher yields than high-yield savings accounts.Short-term, three-month CDs have an average rate of 1.3% and a top rate of 4.72%.For six-month CDs, the best rate is 4.94% with an average APR of 1.79%.The highest rate available for 12-month CDs is 5.02% with an average APY of 1.87%.Two-year CDs offer rates as high as 4.52% with an average APY of 1.68%.The best three-year CD rate is 4.65% with an average APY of 1.59%.Five-year CDs have a top rate of 4.43% with average APY around 1.59%.Jumbo CDs require significant minimum deposits, often starting at $100,000, with a current best rate of 4.94% for a 6-month term.It is essential to understand withdrawal penalties before committing to a CD investment.