Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...

The national average bank interest rate for 3-month CDs is 1.50% APY, but all of our top picks for the best 3-month CD rates offer significantly higher interest rates. The best 3-month CD rate is ...

At Business Insider, we monitor national banks and credit unions daily to find the best 2-year CD rates currently offered. The best 2-year CD rate available nationwide is 4.25% (on balances of $ ...

Interest is compounded daily and credited to your account monthly. If you take money out of your CD during the agreed-upon term, before its maturity date, you’ll be charged a penalty for early ...