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CD Rates Today: April 29, 2025 – Take Home Up To 5.02%
- The best interest rates on CDs currently top out at 5.02%, varying based on the term.
- CDs offer a fixed interest rate for a specified time, typically yielding better than high-yield savings accounts.
- Majority of CDs incur a withdrawal penalty if accessed before maturity; e.g., deterring early withdrawals from five-year CDs.
- Three-month CDs present an average rate of 1.3% with the highest at 4.72%; six-month CDs offer 1.78% on average and a max of 4.94%.
- The highest rate for 12-month CDs is at 5.02%, remaining stable over recent weeks with an average APY of 1.84%.
- For two-year CDs, rates peak at 4.52%, holding steady alongside the average APY of 1.66%.
- Three-year CD rates reach 4.27%, whereas five-year CDs offer a top rate of 4.26%, emphasizing the importance of early withdrawal penalty awareness.
- Jumbo CDs with a minimum $100,000 deposit feature rates like 4.94% for a six-month term, with online banks generally providing competitive rates.
- CDs require a minimum deposit and deter early withdrawals through penalties, contrasting the risk and volatility of stock investments.
- CDs act as secure, interest-accruing savings tools with FDIC insurance up to $250,000, offering stability amidst market fluctuations.
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