![]() ![]() ![]() Your patience is rewarded with interest that’s usually better than what you’d earn from a regular savings account. You’re not supposed to touch your deposit until the CD’s term is up, whether that’s in six months, one year or five years. Two-year CDs now have an average APY of 1.73%, an increase from 1.65% last week.Ī CD is a type of savings account that comes with a fixed interest rate and a time lock. The top rate last week at this time was 3.54%. If you can hold out for two years, 24-month CDs today are being offered at interest rates as high as 3.15% APY. The average APY is 2.18%, up from 2.08% a week ago. The highest rate on an 18-month CD is currently 3.60%-the same as a week ago. One week ago, the top rate also was 3.50%. On a 15-month CD, today’s best interest rate is 3.50% you’ll do well if you can find a rate close to that. Highest CD Rates Today: 15-Month, 18-Month and 2-Year Terms Nine-month CDs today are being offered at an average APY of 1.20%, up from 1.03% a week ago. On nine-month CDs, the highest interest rate last week was 1.98%. The current average APY for a six-month CD is 1.03%, up from 0.93% last week at this time. If you’d like a CD with a shorter term than one year, today’s best rate on a six-month CD is 2.76%. That’s the interest you earn not only on your deposit (or principal) but also on the interest itself. APY provides a more accurate depiction of the yearly interest you’ll earn with a CD because it factors in compound interest. The average APY, or annual percentage yield, on a one-year CD is now 1.57%, up from 1.46% a week ago. One week ago, the best rate was the same. If you find a one-year CD with a rate in that neighborhood, you’re getting a good deal. The highest interest rate currently being offered on a 12-month CD-one of the most popular CD terms-is 3.55%, according to data from. Highest CD Rates Today: 1-Year, 6-Month, 9-Month Terms ![]()
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