The best CD rate is 5.42% on TotalDirectBank CD‘s 3-month CD, which requires a $25,000 minimum deposit, but other financial institutions offer competitive CD rates with different terms and lower minimum deposit requirements.
According to the FDIC, average APYs on CDs range from 1.66% for a three-month term to 1.38% for a five-year term. Our list of the best CDs features rates over three times higher than this.
https://www.forbes.com/advisor/banking/cds/best-cd-rates/