You’d earn around $600 in interest if you put $25,000 in a six-month CD with a 4.88% APY.
But you may be able to find better deals by shopping around. The current top national rate for a 6-month CD is 4.88% APY, according to the data available from Bankrate’s database.
The best six-month CDs come with a winning combination of strong interest rates and a short-term commitment. The national average rate was 1.41% as of April 12, 2023, the latest data available, down from last month. Rates on three-month CDs have decreased slightly recently.
