Thu, May 8, 2025
Wed, May 7, 2025
[ Wed, May 07th 2025 ]: Fortune
Top CD rates today, May 7, 2025
Tue, May 6, 2025
[ Tue, May 06th 2025 ]: Fortune
Best CD rates today, May 6, 2025

Top CD rates today, May 7, 2025

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 5.75% APY, which is significantly higher than the national average of 1.70% APY for a 12-month CD. It points out that these high rates are available from online banks and credit unions, which often provide better rates than traditional brick-and-mortar banks due to lower overhead costs. The article also explains that CDs are a low-risk investment option, ideal for saving money over a fixed term, and advises readers to compare rates from different financial institutions to find the best deal. Additionally, it mentions that with the Federal Reserve's recent interest rate hikes, CD rates are expected to remain attractive, making it a good time for savers to lock in these higher yields.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-7-25/ ]