Usually, long-term CDs pay higher interest rates than short-term ones. However, if you look at the best CD rates right now, you'll find 3-month, 6-month, and 1-year terms are actually more ...
A 3-month CD is a short-term CD. Banks and credit unions don't offer it as frequently as 6-month or 1-year CD terms, so you might not find it at all financial institutions. To see how 3-month CDs ...