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

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
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/ ]