To establish average certificate of deposits (CDs) rates, Curinos focuses on CDs intended for personal use. The highest rate was 5.63%, which would net more than $4,460 in interest if you invested $25,000. The national average APY for a three-year CD stands at 1.42%, which is up three points from last week and up five points from a month ago. If you invest $25,000 in a 24-month CD at the high rate of 5.22%, you’d earn around $2,680 in interest. By locking in a rate close to this high, you’ll make the most of your returns on this longer-term investment. The current national high for a 24-month CD is 5.22%. The national average APY is 1.46%, a three basis points increase from last week and six points from one month ago. Interest rates on CDs with longer terms, such as those spanning two years, are also climbing. The current national high for a 12-month CD is 5.25%, which would earn around $1,310 in interest with a $25,000 deposit. The national average APY is 1.48%, up four basis points from last week and nine basis 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 willing to lock away your savings for 12 months, you can score even better rates. You’d earn around $650 in interest if you put $25,000 in a six-month CD with a rate of 5.25%. But you may be able to find better deals by shopping around.

The current top national rate for a 6-month CD is 5.25%, according to the data available from Bankrate’s database. The national average APY for six-month CDs is 1.19%, up from 1.13% last week and 1.07% 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 average APY is up 18 basis points from a month prior.

Rates on three-month CDs have jumped by 12 basis points since last week to 0.81% APY as of May 12, 2023. Quoted rates are based on a $25,000 deposit.

Cd interest rate