<ul><li>CD rates currently reach up to 5.06% based on the term, showing varying trends among different durations.</li><li>CDs offer fixed interest rates for specific terms, with penalties for early withdrawals.</li><li>Short-term options like three-month CDs are available with rates up to 4.79%.</li><li>For six-month CDs, the highest yield is 4.94%, and the average APR is 1.82%.</li><li>Popular 12-month CDs offer a maximum rate of 5.02% with an average APY of 1.87%.</li><li>Longer-term CDs present higher interest rates, with five-year CDs currently reaching 4.43%.</li><li>Jumbo CDs, requiring significant deposits, provide rates up to 4.94% for a 6-month term.</li><li>Comparing rates between banks is essential, as offerings vary widely and may benefit from shopping around.</li><li>CDs offer stable returns compared to volatile stocks and bonds, providing a secure savings option.</li><li>FDIC and NCUA provide insurance coverage for CDs up to $250,000 in case of bank or credit union failure.</li></ul>

CD Rates Today: February 24, 2025 – Forbes Advisor

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