Certificates of deposit (CDs) are a solid choice if you’re in the market for a low-risk investment to generate interest on funds you don’t need in the near future. CD rates have mostly held tight over the past week and remain much higher than last year’s levels. The national average for a 6-month CD with a $25,000 deposit stands at 1.81%, while a 1-year CD currently yields 1.96%. Additionally, 2-year and 3-year CDs offer average rates of 1.71% and 1.62% respectively.CD RATES TODAYTermAverage APYHigh rate3-month CD1.28%5.39%6-month CD1.81%5.40%1-year CD1.96%5.37%2-year CD1.71%5.12%3-year CD1.62%4.75%Source: Curinos. Data accurate as of June 21, 2024. Quoted rates are based on a $25,000 deposit.Three-month CD ratesRates on three-month CDs have remained stable since last week at 1.28% APY (as of June 21, 2024). The average APY is up two basis points from a month prior.The current national high for a three-month CD is 5.39%, which would earn more than $330 in interest with a $25,000 deposi...
