![]() The average APY, or annual percentage yield, on a one-year CD is now 1.71%, up from 1.70% a week ago. One week ago, the best rate was the same. ![]() If you land a 12-month 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 5.60%. That’s the interest you earn not only on your deposit (or principal) but also on the interest in the account. The current average APY for a six-month CD is 1.45%, compared to 1.44% last week at this time.ĪPY provides a more accurate picture of the yearly interest you’ll earn with a CD because it takes into account compound interest. If you’re interested in a shorter-term CD, today’s best six-month CD rate is 5.60%. Rates are based on a $25,000 minimum deposit.
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