6/12/2023 0 Comments Wirecutter best tvLocking in a rate close to this high will maximize your returns on this longer-term investment. The current national high for a 24-month CD is 4.55% APY. The national average APY is 2.52%, up one basis point from last week and one basis point from one month ago. Yields on longer-term CDs, such as two-year terms, are also on the rise. The current national high for a 12-month CD is 5.25%, which would earn more than $1,310 in interest with a $25,000 deposit. The national average APY is 2.51%, up five basis points from last week and 10 points from a month before. 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 snag even more impressive rates. You’d earn more than $610 in interest if you put $25,000 in a six-month CD with a rate of 4.97%. You may be able to find that rate or even better by shopping around. The current top national rate for a 6-month CD is 4.97%, according to the data available from Bankrate’s database. The national average APY for six-month CDs is 1.92%, up a point from last week and five points from 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. Over the past month, rates on three-month CDs have climbed by seven basis points. Rates on three-month CDs have increased since last week, rising by three basis points to 1.48% today. Quoted high rates are based on the highest clicked-on rate for each CD term.
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