<ul><li>The best interest rates on CDs (certificates of deposit) currently top out at 5.37% and depend on the term.</li><li>The current average rate on a three-month CD is 1.32%, but the highest rate is 5.00%.</li><li>The current average APY for a six-month CD is 1.85%, down from 1.86% last week at this time.</li><li>The highest interest rate currently available on a one-year CD is 5.37%.</li><li>If you can hold out for two years, 2-year CDs today are being offered at interest rates as high as 4.52%.</li><li>On a five-year CD, the highest rate today is 4.31%, same as one week ago. APYs are averaging 1.59%, the same as this time last week.</li><li>Most jumbo CDs require a minimum deposit of $100,000 and some even require $250,000.</li><li>Digital banks tend to have an edge over traditional outfits thanks to lower overhead costs and the need to offer top-of-market yields to attract new customers.</li><li>The Federal Deposit Insurance Corp. provides you with up to $250,000 in coverage in the event the bank issuing your CD ever fails. </li><li>Opening a CD account requires a lump-sum deposit, which you can also think of as an investment.</li></ul>

Today’s CD Rates: December 4, 2024—Take Home More Than 5%

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