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[ Mon, Apr 28th 2025 ]: Newsweek
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Best CD rates today, April 29, 2025

The article from Fortune, published on April 29, discusses the current state of CD (Certificate of Deposit) rates, highlighting that the average rate for a 1-year CD has reached 4.29%, marking a significant increase from previous years. This rise is attributed to the Federal Reserve's efforts to combat inflation by raising interest rates. The article explains that while CDs offer a safe investment option with guaranteed returns, the rates vary widely among financial institutions, with online banks typically offering higher rates than traditional brick-and-mortar banks. It also advises potential investors to compare rates and terms carefully, consider the impact of early withdrawal penalties, and assess their financial goals before committing to a CD. The piece concludes by noting that despite the attractive rates, investors should remain aware of the broader economic context and potential future rate changes.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-4-29-25/ ]