The current national high for a 12-month CD is 5.25% which would earn more than $1,310 in interest with a $25,000 deposit. The national average APY is 2.51%, up five basis points from last week and 10 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 up for setting aside your savings for a full year, you’ll be able to grab even more impressive rates. You’d earn more than $610 in interest if you put $25,000 in a six-month CD with a rate of 4.97%. Shopping around can help you find better deals. The current top national rate for a 6-month CD is 4.97%, according to the data available from Bankrate’s database. The national average APY for six-month CDs is 1.92%, up slightly from 1.91% last week and 1.87% one month ago. Six-month CD ratesīy choosing a top-rated six-month CD, you benefit from a winning mix of competitive interest rates and a short-term commitment. Over the past month, rates on three-month CDs have climbed by six basis points. Rates on three-month CDs have spiked over the past week, rising five basis points to 1.47% today. Quoted high rates are based on the highest clicked-on rate for each CD term. Earnings on withdrawals not used for qualified higher education expenses may be subject to federal income tax and a 10% federal tax penalty.Source:.

Please consult an accountant or tax advisor for professional advice on these areas. * Fifth Third Bank does not provide tax or accounting advice. When your account is closed you will forfeit any accrued interest.

This method applies a daily periodic rate to the balance in your account each day. The Bank uses the daily balance method to calculate interest on your account. Interest on your account will be compounded continuously and credited monthly. Your interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). The Bank may change the interest rate and annual percentage yield (APY) at any time without notice. Please request a Rate Sheet for the interest rates and Annual Percentage Yields (APYs). Please visit for more information about FDIC insurance coverage.

The standard insurance amount is $250,000 per depositor, for each deposit insurance ownership category.

Financial Insights About Us Customer Service Online Banking Login Branch & ATM Locator SearchįDIC Deposit Insurance. Deposit balances are insured up to the maximum amount permitted by law.

Additional Sources of Capital for Small Businesses.

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