Right now, you can open a 3-year CD with much higher rates than average CD rate, which is 1.35% annual percentage yield. You can find the best 3-year CD rates from online financial institutions.

Right now, you won’t find it on 3-month CDs, but some institutions offer it on longer CD terms. If you want to lock in a high APY before rates potentially drop, you may want to secure a CD now.