Quontic Bank offers one of the highest-yielding CD rates for 3-month terms. It's also a good choice if you'd like to open a CD with a low initial deposit. You only need $500 to get started.

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 1.75% APY (Annual ...