The best 3-year CD rates far outpace the average CD rate for three-year terms of 1.37% APY (Annual Percentage Yield). You'll be able to find these strong rates at online banks and credit unions.

The best 5-year CDs far outpace the national average CD rate on 5-year terms, which is 1.37% APY (Annual Percentage Yield). Generally, online banks and credit unions offer the best CD rates.