One-year CDs can give you returns as high as, or even higher than, longer-term options. If you’re up for setting aside your savings for a full year, you’ll be able to find even more impressive rates. You’d earn almost $670 in interest if you put $25,000 in a six-month CD with a rate of 5.41%. But you may be able to find better deals by shopping around. The current top national rate for a 6-month CD is 5.41%, according to the data available from Curinos’ database. The national average APY for six-month CDs is 1.37%, up from 1.35% last week and 1.28% one month ago. When you opt for leading six-month CDs, you get a winning combination: solid interest rates and a commitment that’s only short-term. The current national high for a three-month CD is 5.83%, which would earn more than $355 in interest with a $25,000 deposit. Over the past month, rates on three-month CDs have climbed by six basis points. Rates on three-month CDs have increased since last week, rising by one basis point to 0.92% today.
