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Top CD rates today, May 29, 2025

//media-entertainment.news-articles.net/content/2025/05/29/top-cd-rates-today-may-29-2025.html

Published in Media and Entertainment on Thursday, May 29th 2025 at 8:04 GMT by Fortune

The article from Fortune discusses the current state of CD (Certificate of Deposit) rates as of May 29, 2023, highlighting that the top nationally available rate for a 1-year CD is 5.25% APY offered by CFG Bank, while the leading 5-year CD rate is 4.50% APY from the same bank. It notes a slight decrease in the highest rate for a 1-year term from 5.35% APY the previous week, indicating a potential peak in short-term CD rates. The article also provides a list of the top 15 rates for various CD terms, ranging from 6 months to 5 years, and emphasizes the importance of shopping around for the best rates due to the variability among financial institutions. Additionally, it mentions the Federal Reserve's influence on interest rates and suggests that locking in a high rate now could be beneficial before potential rate decreases in the future.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-5-29-25/ ]

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