What Is the Best CD Term Right Now?
The best CD term right now might be the one with the highest rate of 5.65%, but if you really want to maximize returns, a slightly lower rate on a longer term will be better.
Source: investopedia.com
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The best CD term right now might be the one with the highest rate of 5.65%, but if you really want to maximize returns, a slightly lower rate on a longer term will be better.
Historically, certificates of deposit (CDs) have paid more interest for longer terms but that isn't true in the current CD market. The highest rate you can earn on any CD term today is 5.35%.
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