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Best CD rates today, May 20, 2025

//media-entertainment.news-articles.net/content/2025/05/20/best-cd-rates-today-may-20-2025.html

Published in Media and Entertainment on Tuesday, May 20th 2025 at 7:04 GMT by Fortune

The article from Fortune discusses the current state of CD (Certificate of Deposit) rates, highlighting that some banks are now offering rates as high as 5.20% to 5.25% APY (Annual Percentage Yield) for certain terms. This surge in rates is attributed to the Federal Reserve's recent interest rate hikes aimed at combating inflation. The article advises consumers to take advantage of these high rates by shopping around for the best deals, as different banks offer varying rates for different CD terms. It also mentions that while CDs are a low-risk investment, they come with the trade-off of locking in funds for a fixed period, which could be a disadvantage if rates rise further. The piece concludes by suggesting that now might be a good time to invest in CDs, especially for those looking for a safe place to park their money with a decent return.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-20-25/ ]