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Best CD rates today, May 6, 2025


Published on 2025-05-06 07:04:03 - Fortune
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  • 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 some CDs are now offering rates as high as 5.625%. This surge in rates is attributed to the Federal Reserve's efforts to combat inflation through higher interest rates. The article explains that CDs are a low-risk investment option where money is locked in for a fixed term, and in return, savers receive a guaranteed interest rate. It also notes that while these high rates are attractive, they may not last long, as some experts predict a potential decrease in rates if inflation cools down. The piece advises readers to consider locking in these high rates now, especially for longer terms, to maximize returns on their savings.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-6-25/ ]

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