An icon in the shape of an angle pointing down. 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 ...

If you're interested in a short-term CD that will let you lock in a good interest rate, 6-month CDs could be a good choice. The national average CD rate on a 6-month term is 1.68% APY (Annual ...