<ul><li>CD rates in December 2024 can have interest rates up to 5.37%.</li><li>The average rate on a 3-month CD is currently at 1.31%, while that on a 6-month CD is 1.85% for an investment of up to 5.25%.</li><li>For a 1-year CD investment, the highest percentage rate is 5.37%, offering a good deal for depositors.</li><li>The percentage rates are predicted to fall due to interest rate lowering by the Federal Reserve.</li><li>It is considered wise to shop around for the highest percentage rates on a 3-year CD that can be as high as 4.65%.</li><li>Jumbo CD rates for the 6-month term are currently at 5.37% with an average APY of 1.90%.</li><li>Traditional, brick-and-mortar banks tend to offer lower CD rates in comparison to online banks.</li><li>The Federal Deposit Insurance Corp. provides coverage up to $250,000 in case of a financial institution failure.</li><li>CDs are known to offer relatively higher interest than other savings vehicles, and they are considered safe investments.</li><li>Early withdrawal penalties can be strict, with the potential for a loss of principal if not adhered to. </li></ul>

Today’s CD Rates: December 12, 2024—Earn 5% And Up

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