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Best CD rates today, June 2, 2025


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Published in Media and Entertainment on by Fortune   Print publication without navigation

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, 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/ ]

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