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[ Wed, Apr 23rd ]: Politico
Gen Z, Media Illiterates

CD rates today, April 25, 2025

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  Print publication without navigation Published in Media and Entertainment on by Fortune
          🞛 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 discusses the current state of Certificate of Deposit (CD) rates, highlighting that the highest rate available as of the publication date is 4.25% APY for a 1-year term from Financial Partners Credit Union, with a minimum deposit of $1,000. It also mentions other competitive rates from various financial institutions, such as 4.21% APY from Alliant Credit Union for a 1-year term and 4.16% APY from Bread Savings for an 18-month term. The article emphasizes the importance of shopping around for the best rates and understanding the terms and conditions of each CD, as rates can vary significantly between institutions. Additionally, it provides context on why CD rates are rising, attributing it to the Federal Reserve's interest rate hikes aimed at combating inflation, and advises readers to consider locking in these higher rates before they potentially decline.

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