<ul><li>CD rates are ranging from 1.31% to 5.37% based on term length.</li><li>A CD is a type of savings account that comes with a fixed interest rate and a maturity period.</li><li>CDs typically offer better yields than high-yield savings accounts.</li><li>The longer the term, the harsher the early withdrawal penalty, typically a year's worth of interest or more.</li><li>Three-month CDs are a good option for short-term savings goals with best rate at 4.96%.</li><li>The highest interest rate currently available on a 12-month CD is 5.37%.</li><li>If you can hold out for two years, 2-year CDs are being offered at interest rates as high as 4.52%.</li><li>On a five-year CD, the highest rate today is 4.25%.</li><li>Jumbo CDs require a minimum deposit of $100,000, and some require $250,000.</li><li>Average rates for CDs change over time, with online banks often offering higher rates than brick-and-mortar banks.</li></ul>

Today’s CD Rates: December 18, 2024—Earn 5% Or More

Discover more