Annual percentage yield (APY) A CD’s interest rate that represents the return from the compounded interest you’ll earn in 12 months on your deposit. The higher the APY, the faster your money ...

This bank’s 9-month CD currently has one of the highest CD rates, and interest can be automatically dispersed monthly. Best ...

As the year comes to a close, the average 12-month CD rate comes in at 1.84% as of Nov. 18, according to government data.