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Top CD rates today, May 28, 2025
//media-entertainment.news-articles.net/content/2025/05/28/top-cd-rates-today-may-28-2025.html
Published in Media and Entertainment on Wednesday, May 28th 2025 at 7:44 GMT by Fortune
Published in Media and Entertainment on Wednesday, May 28th 2025 at 7:44 GMT by Fortune
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 as of May 28, 2023, highlighting that the top nationally available rate for a 1-year CD is 5.28% APY offered by CFG Bank, while the leading 5-year CD rate stands at 4.50% APY from the same bank. It notes that these rates are significantly higher than the national averages of 1.59% for 1-year CDs and 1.37% for 5-year CDs, reflecting a competitive environment among banks to attract depositors. The article also provides a list of the top 15 rates for both 1-year and 5-year CDs, emphasizing that these rates are subject to change and that potential investors should consider the trade-offs between higher rates and the commitment to longer terms. Additionally, it advises readers to compare rates from various financial institutions and consider factors such as minimum deposit requirements and early withdrawal penalties before making investment decisions.
Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-28-25/ ]
Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-28-25/ ]
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