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I Have $20,000 in a CD, What Should I Do With It?Average 3-Month CD Rates. The average national rate on a three-month CD is % as of October 21, , according to data from the FDIC. This. All of our top picks for the best 3-month CD rates offer significantly higher interest rates. The best 3-month CD rate is % APY from Dow Credit Union. The best three-month certificate of deposit (CD) rates today are from EverBank (%), First Internet Bank (%), and Alliant Credit Union (%).