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. The national average APY for six-month CDs is 1.24%, up from 1.21% last week and 1.11% one month ago. The top six-month CDs can offer the best of both worlds: strong interest rates and a short-term commitment. The current national high for a three-month CD is 5.15%, which would earn more than $315 in interest with a $25,000 deposit. The national average rate was 0.83% as of May 25, 2023, the latest data available, up one basis point from the previous week and up 17 basis points from a month prior.

Rates on three-month CDs have increased slightly from a week ago. Quoted rates are based on a $25,000 deposit.

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