Get a 2-year CD with an APY of up to 3.50%.More and more online banks are raising interest rates on CDs.

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The average interest rate on CDs varies depending on the term you select.

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A 3-month CD typically has an interest rate of 0.12% APY, while a 60-month CD typically carries an interest rate of 0.64% APY.

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A 2-year CD with an APY of up to 3.50% and a 5-year CD with an APY of up to 3.65% may be available from financial institutions.

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CDs generally have fixed interest rates.
You could have to pay an early withdrawal penalty if you need to withdraw money from a CD before it matures.

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Annual Percentage Yield (APY)1.15% to 3.40% APYMinimum Deposit Amount $10,000Terms : 3 months to 5 years

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Annual Percentage Yield (APY)2.25% to 3.25% APYMinimum Deposit Amount$5,000Terms : 1 year to 5 years

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Annual Percentage Yield (APY)3.05% to 3.65% APY Minimum Deposit Amount$500 Terms : 1 year to 5 years

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Annual Percentage Yield (APY)1.75% to 3.25% APY Minimum Deposit Amount$1,000 Terms: 6 months to 5 years

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Annual Percentage Yield (APY)2.80% to 3.35% APY Minimum Deposit Amount$1000 Terms: 1 year to 7 years

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Annual Percentage Yield (APY)1.0% to 3.25% APY Minimum Deposit Amount$ 0 Terms :  3 months to 5 years

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Annual Percentage Yield (APY)1.20% to 3.25% APY Minimum Deposit Amount$ 1000 Terms:  6 months to 7 years

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Annual Percentage Yield (APY)0.50% to 3.35% APY Minimum Deposit Amount$ 1000 Terms :  3 months to 5 years2

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Annual Percentage Yield (APY)1.50% to 3.25% APY Minimum Deposit Amount $ 500 Terms:  6 months to 6 years 

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Annual Percentage Yield (APY)3.0% to 3.65% APY Minimum Deposit Amount $ 1500 Terms:  12 months to 5 years

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Disclaimer: For the latest rates visit the respective financial institutions' websites.

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