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CD rates today, May 23, 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, published on May 23, 2023, discusses the current state of CD (Certificate of Deposit) rates, highlighting that the top nationally available rate for a 1-year CD has reached 5.25% APY offered by CFG Bank, marking a significant increase from the previous week's top rate of 5.15% APY. The article also notes that several other banks are offering competitive rates, with Rising Bank and TotalDirectBank providing 5.00% APY for 1-year terms, and various other institutions offering rates above 4.50% APY for different term lengths. It emphasizes the importance of shopping around for the best rates and considering the impact of inflation on savings, suggesting that locking in a high rate now could be beneficial as rates may decrease in the future.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-23-25/ ]