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Top CD rates today, April 30, 2025

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
We've rounded up today's highest available CD rates, many of which are above 4%
The article from Fortune, published on April 30, discusses the current state of CD (Certificate of Deposit) rates, highlighting that the average rate for a 1-year CD has reached 1.72%, the highest since 2009. It notes that while this rate is still below inflation, it represents a significant increase from the lows seen during the early stages of the global health crisis. The article also mentions that some online banks and credit unions are offering rates as high as 5% for certain terms, suggesting that consumers should shop around for the best deals. Additionally, it provides context on why CD rates are rising, attributing the increase to the Federal Reserve's efforts to combat inflation through higher interest rates, and advises readers on how to take advantage of these rates to grow their savings.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-4-30-25/ ]