Current CD Rates: October 2021

Interest rates on some of the more competitive certificates of deposit have started to rise since July, while national average rates have seen slight upticks or have remained flat. This comes after a relatively frozen low-rate environment for the first half of 2021 that followed a steady sequence of rate drops throughout 2020.

What hasn't changed is that you can find high-yield CDs with today's rates at least double the national average of 0.27% for five-year terms and triple the national average of 0.14% for one-year terms.

Unlike regular savings accounts, most CDs have fixed rates, so you can lock in a higher rate while it lasts. (See more details about historical CD rates as you consider what to expect in the near future.)

Here's a look at current CD rates at some online banks and credit unions.

» Want to compare more CDs? Check out our best CD rates

Current CD Rates: Compare high-yield to national average rates

Although rates aren't as high as in recent years, they're still head and shoulders above national averages. The average rate for a one-year CD is 0.14% APY, and the average rate for a five-year CD is 0.27% APY. Let's compare national averages with an online example.