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Best CD rates today, June 2, 2025

//media-entertainment.news-articles.net/content/2025/06/02/best-cd-rates-today-june-2-2025.html

Published in Media and Entertainment on Monday, June 2nd 2025 at 7:44 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

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 6.25% APY for certain terms. It explains that these high rates are a response to 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 significantly between financial institutions. It also notes that while high-yield CDs can be attractive, they often come with specific conditions such as minimum deposit requirements and penalties for early withdrawal. The piece concludes by suggesting that now might be a good time for savers to lock in these higher rates before they potentially decrease.

Read the Full Fortune Article at:
[ https://fortune.com/article/cd-rates-6-2-25/ ]