Average & Best CD Rates | December 2018

The best CD rates just keep getting better as rates continue to move higher. There might be more increases in CD rates when the Fed increases the fund funds rate next week. Online banks are already offering the highest CD rates will "one up" each other to continue to have the top rate. The current best 6 month CD rates right now are at 2.45 percent. The national average 6 month rates are at 0.33 percent. The best 12 month CD rates are at 2.86 percent and the averages are at 0.59 percent. The top 5 year CD rates are at 3.50 percent and the national averages are at 1.23 percent.