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Today’s CD Rates: December 11, 2024—Earn 5% And Up
- The best interest rates on CDs—certificates of deposit—pay up to 5.37% today, based on certificate term lengths.
- Three-month CDs are a good option for short-term savings goals. The current average rate on a three-month CD sits at 1.31%, but the highest rate is 4.96%.
- If you can hold out for two years, 2-year CDs today are being offered at interest rates as high as 4.52%.
- Most jumbo CDs require a minimum deposit of $100,000—and some even require $250,000.
- The Federal Deposit Insurance Corp. provides you with up to $250,000 in coverage in the event the bank issuing your CD ever fails.
- CDs typically pay higher interest than other savings vehicles, even the best high-yield savings accounts and money market accounts.
- When you buy a certificate of deposit or credit union share certificate from a federally insured financial institution, you can sleep easily with the knowledge that your investment is protected.
- Digital banks tend to have an edge over traditional outfits thanks to lower overhead costs.
- The current average APY for a six-month CD is 1.85%, the same as last week at this time.
- The best rate on today’s jumbo CDs is 5.37% for a 6-month term. The average APY for this category of CD is currently 1.90%, compared to 1.83% last week.
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