A naukri.com initiative
Forbes
2w
99
Image Credit: Forbes
CD Rates Today: April 30, 2025 – Take Home Up To 5.02%
- CD rates today are as high as 5.02% depending on the certificate term lengths, offering better yields than high-yield savings accounts.
- Withdrawal penalties apply if funds are taken out before the CD matures, potentially resulting in loss of interest.
- For short-term goals, consider three-month CDs with rates up to 4.67% and six-month CDs with rates up to 4.94%.
- Popular one-year CD terms have rates up to 5.02%, while two-year CDs offer rates up to 4.52%.
- Awareness of early withdrawal penalties is crucial, especially for five-year CDs where penalties may equal a year's worth of interest.
- Jumbo CDs with rates up to 4.94% are available for 6-month terms, with varying minimum deposit requirements.
- Comparison shopping for CD rates is essential, as rates vary between banks and online institutions.
- CDs offer safer investment options compared to riskier ventures like stocks or real estate, with FDIC and NCUA insurance coverage up to $250,000.
- Investors can benefit from higher interest rates with CDs while ensuring the security of their funds with federal insurance protection.
- Certain types of CDs are excluded from rate calculations, emphasizing the importance of understanding the terms and conditions before investing.
Read Full Article
5 Likes
For uninterrupted reading, download the app