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Best CD rates today, May 9, 2025

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  Print publication without navigation Published in Media and Entertainment on by Fortune
          🞛 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 CD (Certificate of Deposit) rates, highlighting that as of the latest data, the top-yielding 12-month CDs are offering rates around 5.12% to 5.25% APY. It emphasizes that these rates are significantly higher than the national average and are influenced by the Federal Reserve's interest rate hikes aimed at combating inflation. The article advises consumers to shop around for the best rates, as they can vary widely between financial institutions. It also notes that while CDs offer a safe way to earn a higher return on savings, they come with the trade-off of locking in funds for a fixed term, which may not be suitable for everyone depending on their liquidity needs.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-12-25/ ]