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CD rates today, May 9, 2025
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CD rates today, May 9, 2025


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Published in Media and Entertainment on Friday, May 9th 2025 at 6:44 GMT by Fortune   Print publication without navigation

  • 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 5.9% to 9.25%. These high rates are 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, and in return, the bank pays interest. It also notes that while these high rates are attractive, they may not last long, as the Federal Reserve might pause or reverse its rate hikes. The piece advises readers to consider locking in these rates now, especially for longer terms, to benefit from the current high-yield environment.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-9-25/ ]

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