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[ Thu, May 01st 2025 ]: Newsweek
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CD rates today, May 2, 2025

The article from Fortune discusses the current state of Certificate of Deposit (CD) rates, highlighting that some banks are now offering rates as high as 5.25% for certain terms. This increase in rates is attributed to the Federal Reserve's efforts to combat inflation by raising interest rates. The article explains that CDs are a low-risk investment option where money is deposited for a fixed term at a fixed interest rate, and it advises consumers to shop around for the best rates, as they can vary significantly between financial institutions. It also notes that while higher rates are beneficial for savers, they might not keep pace with inflation, and suggests considering other investment options as well.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-2-25/ ]