In exchange, they usually give a better interest rate than other CDs at the same bank. If you're planning to put $100,000 or more into a CD, a jumbo CD might be a good choice. But keep in mind ...

The best 5-year CDs far outpace the national average CD rate on 5-year terms, which is 1.32% APY (Annual Percentage Yield). Generally, online banks and credit unions offer the best CD rates.

If you’re thinking about refinancing your mortgage, it’s a good idea to keep an eye on interest rates as they can fluctuate day by day. It’s also important to weigh your refinancing options.