CD rates have been fluctuating, and it's essential to stay informed about the best options. According to CNET, the average 3-year CD APY is currently 3.61%. However, locking in a high rate with a CD can provide fixed-interest growth for the term. High-yield savings accounts, on the other hand, offer liquidity but variable rates.

Experts like Thomas Codevilla and Bob Chitrorn share insights on the pros and cons of each option. CDs provide a guaranteed return, while high-yield savings accounts allow for flexible access to funds. When considering a CD, it's crucial to factor in early withdrawal penalties and potential rate changes.

Source: https://www.cnet.com/personal-finance/best-3-year-cd-rates/#ftag=CAD590a51e